Drilling & production

The Russian government has awarded two further offshore Arctic licences to Rosneft.

Lundin Petroleum has announced that it has struck approximately 60 m of gas pay offshore Malaysia.

Italy’s coal imports will rise by 12% this year to 19 million t, but its current market share remains the lowest in Europe, hitting the competitiveness of Italian industry, says industry association.

About 75% of US coal exports were shipped to Europe and Asia in 2012, continuing the growth of the past few years with exports this year expected to reach an all-time high, according to the US Energy Information Administration.

In a plea deal arranged with the US Department of Justice, BP has agreed to plead guilty to several criminal charges surrounding the Macondo spill, resulting in a fine of US$ 4.5 billion.

Iraq has revealed plans to spend up to US$ 150 billion on boosting the country’s future output to 12 million bpd

NOVATEK and ROSATOM are to work together on developing icebreaker support for the Northern Sea Route.

The IEA unveils two scenarios, laden with predictions for the likely future of global energy supply and demand up to 2035, with a special focus on energy efficiency.

Singapore LNG Corporation Pte Ltd (SLNG) has awarded a FEED contract to Worley Parsons for the proposed expansion of its LNG terminal send out and storage facilities.

An American Petroleum Institute poll shows that 73% of voters favour more oil and natural gas development.

Employees from leading B2B magazine publisher Palladian Publications Ltd took part in a 10 km off-road race to raise money for a local hospice.

KBR is to execute FLNG production vessel design work for GDF Suez’s project offshore Darwin, Australia.

Illinois basin coal production rose 13% during H1 2012 in response to domestic and international demand for cheaper coal.

American Petroleum Institute’s Gerard congratulates President Obama on his re-election and urges path forward on American energy and job growth.

Golar LNG has contracted Keppel Shipyard Ltd. to convert three of its Moss type LNG carriers into FLNG vessels. The first vessel is due for delivery in 2015.