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Drilling & production

Haohua Energy International confirms approval to invest in CoAL

Haohua Energy International has received the required Chinese government approvals to complete its US$ 100 million investment in Coal of Africa Ltd (CoAL). The investment will now be subject to shareholder approval at an extraordinary general meeting later this month.

 
 

Joy Global expects another tough year

Joy Global is expecting another tough year in 2013, as mining CAPEX remains soft. The company will continue to cut costs and reduce production capacity in line with demand. Any positive news may come from China, where performance of its subsidiary, International Mining Machinery, should start to recover from a weak 2012.

 
 
 
 
 
 

Construction starts on Cygnus gas development

GDF Suez E&P UK has recently celebrated the first cut of steel at the Cygnus gas field project in the UK, alongside its partners Centrica Energy and Bayerngas.

 

American world energy dominance

A new US government report has added to the chorus currently predicting a new era of American world energy dominance.