Brazilian mining giant, Vale, has announced its third quarter results. Coal production was down on the second quarter due to a slower pace of ramp-up at the company’s Moatize mine in Mozambique. Australian production increased on second quarter as geological conditions improved.
ExxonMobil Canada today announced an agreement with Celtic Exploration Ltd. under which an ExxonMobil Canada affiliate will acquire Celtic.
Aker Solutions is to provide 34 km of umbilicals for the Block 15\06 West Hub development project in the Angolan deepwater region.
The Norwegian Petroleum Directorate has announced that Norway produced 15% less crude in September than had been estimated and was consequently likely to miss its overall production target for 2012.
As part of an ongoing lawsuit between Chevron and plaintiffs from various Amazonian villages, an Ecuadorian court has ordered the seizure of approximately US$ 200 million worth of company assets.
The location of the FSRU has been changed at the request of the Indonesian government and as a result the agreement has been revised, Höegh will also now be reimbursed for the cost of the mooring system.
Poland’s Prime Minister, Donald Tusk, has announced plans to tax oil and gas companies at roughly 40% of their profits as the government begins to outline what it hopes will be seen as an investment-friendly regulatory framework.
Wärtsilä Moss AS is providing Inert gas generator units to an FPSO unit for the Icthys LNG project in the Browse Basin.
The European Union has imposed further sanctions upon Iran, including a ban on imports of Iranian natural gas and the provision of related services such as storage.
DNV and nine key members of the Australian maritime, port and energy sectors have established a four-month study to assess the challenges of introducing LNG bunkering to Australia.
Excelerate Liquefaction Solutions has filed an application with the DOE to export LNG to countries which do not have a free trade agreement with the USA.
Drilling activity has is increased in the UK continental shelf in 2012 and stability is returning to the sector though a combination of tax relief and rising oil prices.
Qatargas have signed a 15 year LNG supply deal with Chubu Electric, Qatargas will supply 1 million tpy from 2013.
Nigeria’s government is attempting to reform the oil sector to clamp down on widespread fraud but faces opposition from vested interests in the executive, the oil ministry and the national assembly.
BP has received permission from the US Government to begin exporting crude oil produced by hydraulic fracturing to Canada.