Drilling & production

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 AG has been awarded the FEED contract for an LNG receiving terminal and jetty in the Dominican Republic by Complejo GNL del Este.

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 has received an order for the supply of two complete power packages for Statoil’s two new semisubmersible drilling units.

Abu Dhabi National Energy Co. (TAQA) has announced plans to boost Capex for 2012 to US$ 2 – 2.2 billion.

The Chinese giant CNOOC is one of the latest companies to show interest in oil and gas exploration offshore Cyprus.

Tullow has announced that as a result of surging revenues in 2011, profits for that year rose dramatically.

UK Coal has announced that it is considering closing the UK’s biggest deep coal mine, putting 800 jobs at risk.

Xstrata Coal and JX Nippon Oil & Energy have announced the creation of a Canadian metallurgical coal joint venture.

KPC and Total have signed an MOU regarding their joint Zhanjiang project in China.

Ohio state regulators have concluded that a disposal well was the likely cause of recent minor earthquakes in the region.

Baker Hughes has followed other major players by beginning talks with the Iraqi government over increasing production from the country’s northern Kirkuk field.

Odfjell Offshore plans to raise US$ 500 million for fleet development.

Anadarko Petroleum has announced that it has struck oil at its Caesar-Tonga development in the Gulf of Mexico.

Concerns over growth in Europe and China coupled with the possibility of diplomatic resolutions to crises in the Middle East has seen Brent crude prices fall.