Drilling & production

Continental Coal and Forzando Coal Mines enter mine life extension agreement.

Indian state company, Oil India, has announced that it would possibly be interested in acquiring a stake in ConoccoPhillips’ oilsands fields in Canada.

Mikhail Fridman, CEO of TNK-BP has resigned for “personal reasons.”

Stakeholders in the giant Kashagan offshore field have agreed to pay almost US$ 1 billion to cover the costs of the Kazakhstan government’s investment in the field.

Russia’s giant Shtokman field is to switch its production to LNG and begin focusing on Asian markets instead of Europe.

The two countries have resumed peace talks at the behest of African Union mediators. The UN Secretary General has welcomed the announcement as an end to the disputes between the two countries draws marginally closer.

Preliminary estimates from the IEA for 2011 show that in the USA, emissions dropped in 2011, largely due to the shift from coal power to natural gas.

As hundreds of dead dolphins and thousands of dead seabirds wash up on Peru’s coastline, official investigations claim “natural causes” whilst independents and environmentalist groups target the offshore oil and gas industry’s seismic operations.

Nord Stream AG has been load testing Line 1 of it’s twin pipeline transportation system.

Natural gas production in Pennsylvania has quadrupled between 2009 and 2011 due to increased horizontal drilling and hydraulic fracturing.

Australia Pacific LNG as secured US8.5 billion in loans to underpin the development of its CSG to LNG project.

McDermott has won the EPC and commissioning contract for the Ayatsil-B platform from Pemex.

Ng Weng Hoong, LNG Industry Correspondent, discusses the disparity between the Henry Hub price and the Asian LNG price.

Aviva Corp. Ltd is pleased to announce that the Mmamantswe coal prospecting licenses in Botswana have been renewed for a further 2 years.

Laing O’Rourke & Kawasaki have won the EPC contract to deliver a network of four storage tanks at the Ichthys LNG site worth US$ 34 billion.