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Drilling & production - 21 July 2010

Continental Coal signs off-take agreement with EDF Trading

Continental Coal Ltd and EDF Trading have signed an off-take and funding agreement for all export quality thermal coal produced from Continental’s Project X, Vaalbank and Vlakvarkfontein mines for a 20 year period.

 
 

New IGCC plant will capture 90% of CO2 with Siemens technology

Siemens has been awarded the FEED contract to supply coal gasification and power block technology for the Texas Clean Energy Project, a polygeneration IGCC project that will use coal as its feedstock. The project, which will have a carbon capture rate of 90%, received US$ 350 million under the US Department of Energy’s Clean Coal Power Initiative – Round 3.

 
 

Offshore wind shows strong growth

Offshore wind projects in Europe have shown impressive growth in the first half of 2010 in spite of the economic crisis, however many projects are still being held back by a shortfall in investment.