Drilling & production

Xstrata Coal has announced it will reduce the number of operating divisions in Australia from two to one.

The new MPFL will allow equipment manufacturers and oil and gas companies to test, validate and calibrate multiphase technologies for the production of oil and gas, and the measurement and trading of gas.

Statoil and co-venturer ExxonMobil are pleased to announce their third high impact discovery in Block 2 offshore Tanzania in a year.

O&G companies concerned that wages may be rising faster than the industry can afford.

DNV and Statoil are today launching a competence programme that aims to enhance the two organisations’ knowledge about particular Arctic challenges.

Xstrata takes writedowns to zinc, nickel and platinum businesses but remain in the black.

The American Petroleum Institute has said that the new Cabinet appointees should pursue sensible energy polices.

The UK carbon tax will rise from £4.94/t to over £18/t by 2015/16 unless drastic changes are made to the way it is calculated, warn analysts.

What America is thinking on energy issues: 75% of Connecticut voters favour more oil and natural gas development.

Glencore and Xstrata have announced that their proposed merger is now due to be completed by 16 April.

Wildhorse Energy, a developer of underground coal gasification (UCG) and uranium projects in central and eastern Europe, has signed a Memorandum of Understanding (MoU) with E.ON Hungaria.

A new report from the IEA Clean Coal Centre discusses issues for developing Mongolia’s vast coal resources.

Repsol has sold its LNG assets to Shell for US$6.7 billion. The deal strengthens Repsol’s balance sheet and reduces its net debt by half.

Glencore has pushed back its tie-up with Xstrata again as it waits for regulatory approval from China.

Clean Coal Solutions, a joint venture supplying cleaner coal technologies to the coal-fired power sector, has announced a contract for a fifth refined coal facility.