Drilling & production

Heavy flooding, as a result of months of rain, may have cut the production output of companies operating in the Niger Delta by up to 500 000 bpd.

If current surging production levels continue, it might not be long before the US replaces Saudi Arabia as the world’s leading oil producer.

FLNG offers companies a new avenue to develop distant ‘stranded’ offshore resources.

As water scarcity grows, a GE survey shows that most Americans strongly support ‘toilet to turf’ water reuse solutions.

World Coal reviews news of the mining solutions and software that were announced at MINExpo INTERNATIONAL 2012®, which took place in Las Vegas from 24 – 26 September.

Chesapeake has closed the sales of its Permian Basin assets to SWEPI LP, Chevron, and Enervest Ltd for a total of US$ 3.3 billion.

Solid Energy New Zealand Ltd has released its quarterly report for Q3 2012, with details about coal production, sales into the international and domestic market, resources and the company’s corporate restructuring.

World Coal reviews news from the excavator and wheel loader sector announced at MINExpo INTERNATIONAL 2012®, which took place in Las Vegas from 24 – 26 September.

BP has agreed to sell its shareholdings in TNK-BP and will also acquire an additional shareholding in Rosneft.

World Coal reviews news from the mining truck sector announced at MINExpo INTERNATIONAL 2012®, which took place in Las Vegas from 24 – 26 September.

Norwegian oil workers have voted in favour of a pay deal that will see their incomes rise by 4.5%

The latest EIC monthly report shows an upsurge in new projects for Q3 2012 while total potential investment value is up 17% on the last quarter.

South Sudan is to start pumping oil through pipelines to Port Sudan following successful discussions with its neighbour Sudan.

After investigating reports of a fresh surface sheen in the area around the site of the Macondo well, BP has reported that there are no signs of a fresh leak and that the oil may have come from the cofferdam that was used in an unsuccessful attempt to cap the well.

Shell has revealed that it has begun construction of the giant, first-of-a-kind Prelude Floating Liquefied Natural Gas (FLNG) facility.