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Drilling & production - 22 February 2012

Drax to invest in biomass co-firing

Drax Group plc has abandoned plans for a dedicated biomass power plant, but pledged to invest £50 million to increase its biomass co-firing capacity.

 

USA and Mexico to cooperate on Gulf of Mexico E&P

The USA and Mexico have agreed to work together when drilling for oil and gas that goes beyond the shared maritime boundary. The US secretary of State Hilary Clinton and The Mexican Foreign Secretary signed the deal yesterday in the presence of the Mexican President Felipe Calderon and the US Interior Minister Ken Salazar.