North Uist oil well given approval
UK Energy Minister Charles Hendry has given SuperMajor BP consent to drill the deepwater North Uist well, northwest of the Shetland Islands.
Drilling & production
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India loses US$ 210 billion in potential coal revenue
The Government of India has been criticised for losing billions of dollars from the exchequer by selling coalfields too cheaply. A draft report of the Comptroller & Auditor General (CAG) has accused the Government of distributing 155 coalfields to private and state-owned miners rather than auctioning them off, undervaluing the coal resources by an estimated Rs 10.7 trillion (US$ 210 billion).
Pluto LNG liquefaction plant ready for start up
Woodside Petroleum’s Pluto LNG liquefaction plant has reached ready for start up status (RFSU) and first gas has entered the plant today.
Aker Solutions to design world’s largest Spar platform
Statoil has awarded Aker Solutions the FEED contract to design the world’s largest Spar oil platform for the Aasta Hansteen field development in the Norwegian Sea.
API launches gasoline price campaign
The American Petroleum Institute have announced a campaign on gasoline prices.
More US domestic oil and gas needed
The American Petroleum Institute has said that more domestic oil and natural gas is needed for jobs and revenue.
SGS to provide commissioning services for compression module building in Brazil.
As part of a new contract running until April, SGS is scheduled to provide commissioning services for the construction of compression modules in Brazil.
Coal, Cost and Culture: Getting What You Want
March 2011: When any company starts down the improvement path, they set goals for what they hope to achieve. Stated in the simplest terms, these goals represent “What You Want” from a change initiative.
Beacon Hill Resources and Vitol Coal announce strategic marketing partnership
Beacon Hill Resources Plc, the Mozambican coal producer, has announced that it has entered into a strategic marketing partnership with Vitol Coal S.A.
Foster Wheeler awarded FEED contract for Dominican LNG terminal
Foster Wheeler AG has been awarded the FEED contract for an LNG receiving terminal and jetty in the Dominican Republic by Complejo GNL del Este.
Obama and Cameron discuss possible oil reserve release
President Obama and Prime Minster Cameron have been involved in discussions regarding the possibility of releasing oil reserves in a bid to combat record prices.
Siemens receives order for semisubmersible power packages
Siemens has received an order for the supply of two complete power packages for Statoil’s two new semisubmersible drilling units.
TAQA to boost Capex to US$ 2 – 2.2 billion
Abu Dhabi National Energy Co. (TAQA) has announced plans to boost Capex for 2012 to US$ 2 – 2.2 billion.
CNOOC shows interest in Cyprus offshore gas exploration
The Chinese giant CNOOC is one of the latest companies to show interest in oil and gas exploration offshore Cyprus.
Tullow posts huge profit increase for 2011
Tullow has announced that as a result of surging revenues in 2011, profits for that year rose dramatically.