Faroe Petroleum asset purchases pay off
Faroe Petroleum has reported a healthy profit for 2011, a significant improvement upon losses reported a year earlier.
Drilling & production - 27 March 2012
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BP nets US$ 400 million from UK asset sales
BP has agreed on a sale of its gas assets in the UK North Sea to Perenco in a deal worth US$ 400 million.
Peabody CEO: Global Coal Supercycle Alive and Well
The chairman and CEO of Peabody Energy, Gregory H. Boyce, announced on Monday that the global supercycle for coal was ‘alive and well’ with strong market trends related to rising electricity generation and steel demand in China and India, along with constrained global coal supplies.