Peabody Energy has announced in full year results for 2012, reporting an increase in operating profits to US$ 1.59 billion. Investment in Australia will continue apace; however, the company warns of depressed conditions in the US market due to muted economic growth and increased coal-to-gas switching.
India is set to become the largest importer of coal in the world. But doubts remain over many aspects of current power sector legislation and electricity tariffs. Mike King examines the uncertainty this is creating for the power generating companies and the miners that serve them.
Polish company, Lotos, will begin drilling operations in Lithuania in the hopes of finding shale gas.
Environmental regulation of the Canadian oilsands projects is similar to other operations of comparable size and scope, IHS CERA report says.
Norwegian company, Hoegh, has won a contract for one of its soon-to-be-built LNG floating storage and regasification units.
As part of a scheme to speed up the expansion of the UK’s wave and tidal industry, the park will stretch from Bristol to Cornwall.
The Swedish company, Lundin Petroleum, has stated that its production figures would come in near the top end of its forecast for the coming year.
After recent disputes with its northern neighbour, South Sudan is to announce plans for a new pipeline next week.
The European Union is expected to agree to impose a ban on imports of Iranian oil as soon as Monday
New World Resources, a leading hard coal and coke producer in Central Europe, has announced its production and sales targets for 2012.
The American Petroleum Institute have released information showing that petroleum demand was down in 2011.
Danish engineering company, FLSmidth, has made an offer for Ludowici Ltd, a leading provider of coal centrifuges, vibrating screens and complementary wear resistant products and services for the minerals industries. The acquisition would enable FLSmidth to complete its coal processing product ofference and strengten the company’s position in one of the largest mining markets in the world.
CompactGTL has developed commercial scale technology that could help unlock previously uneconomic oilfields.
Companies line up to hire the Scarabeo 9 as it prepares to begin drilling in the deepwater Florida Strait.
Foster Wheeler’ India subsidiary, Foster Wheeler India Private Limited, has been awarded a contract for a new LNG receiving terminal to be built in Ennore, in the state of Tamil Nadu, India.