Drilling & production - 25 January 2012

In order for renewables targets to be met, and schemes to be completed, the message is clear: invest in R&D.

Hoegh LNG has signed an agreement with PT Perusahaan Gas Negara (PGN) to provide them with an FSRU and mooring system offshore Belawan, near the city of Medan, in North Sumatra, Indonesia. The project will employ the first of Höegh LNG's new building FSRUs under construction at Hyundai Heavy Industries Ltd in Korea.

Kinder Morgan Energy Partners has announced plans to invest approximately US$ 140 million to further expand its coal handling facilities along the Gulf Coast.

ConocoPhillips and the China National Offshore Oil Corp. (CNOOC) have reached an agreement with China's Ministry of Agriculture to resolve issues related to the June 2011 incidents at the Peng Lai 19-3 field in Bohai Bay.

The American Petroleum Institute says that with right policy changes, administration support for energy development could be a needed course correction.

Energy Information Administration energy projections show need for policy changes, according to the American Petroleum Institute.