Drilling & production

Rio Tinto will move to compulsory acquisition of Riversdale Mining Ltd (Riversdale) after Tata Steel accepted all of its shareholding into Rio Tinto’s takeover offer for Riversdale.

Woodside Petroleum has been forced to delay its Pluto LNG project due to bad weather and unexpected delays, and this has had an impact on cost.

Mozambique, the East African country which has already proved its potential as a major contender for its oil and gas reserves, will be soliciting for bids to open up the area in the northern province for exploration.

Saudi Arabaia is breaking ranks from OPEC to offer increased supply to Europe, as Libya and Iraq struggle to protect production and processing facilities from the effects of civil unrest.

GE Oil & Gas has announced that its Wellstream business, acquired in March, has been awarded a long-term, flexible pipe and subsea equipment logistics services contract by Petrobras). The long-term contract is initially valued in excess of US$ 200 million.

Chevron has been awarded a five year permit worth € 50 million (£71.87 million) to explore a huge shale gas play in Northeastern Bulgaria.

Arch Coal Inc. has announced that it has completed its acquisition of International Coal Group Inc.

Chevron’s Wheatstone LNG project has received conditional environmental approval from the EPA, paving the way for the project to get off the ground.

Alstom Power unveils the results of a study that proves CCS is an increasingly valid option for reducing CO2 emissions.

Saipem has been awarded new E&C offshore contracts in Egypt, in the North Sea and in Russia, worth in excess of US$ 1 billion.

Hyundai Heavy Industries, the world’s biggest shipbuilder, has clinched a US$ 500 million order to build the world’s first two new LNG FSRU for Hoegh LNG.

Qatargas has delivered its first ever LNG cargo to Thailand. The cargo was delivered to the Map Ta Phut LNG terminal by the LNG carrier Golar Viking.

June 2011: Does your site have work groups where several people are required to ‘manage the work’ without supervisor oversight at every minute? Are there multiple supervisors that jointly share responsibility for overseeing the work of more than one crew? Do you oversee such a group or work area? Then this article is for you.

Total is to sell its entire stake in Gassled to Silex Gas Norway AS, a wholly owned subsidiary of Allianz, for a price of NOK 4.64 billion (approximately US$ 870 million).

Sable Mining Africa Ltd has acquired a 49% interest in Liberation Mining (Pvt) Ltd, holder of the 16,545 ha. Special Grant 4977 which covers the Lubimbi coal project in the Gwaai area of the Kariba coal basin in Zimbabwe.