Drilling & production

White paper to bring about biggest reforms since privatisation.

Peabody Energy and ArcelorMittal SA have confirmed that they have jointly submitted an indicative proposal to the board of directors of Macarthur Coal Ltd to acquire all shares of the company.

Western Australia’s Premier Colin Barnett has told Asian business leaders at the Boao Forum for Asia Conference that Western Australia has the potential to be the world’s largest LNG exporter by 2020.

API CEO appeals to Obama after disappointing employment figures suggest more jobs needed for Americans.

Caterpillar has announced it has completed its US$ 8.8 billion acquisition of Bucyrus International.

SBM Offshore, The Linde Group’s Engineering Division, PTT FLNG Limited and PTTEP Australasia have signed a partnership agreement for the development of an FLNG facility in the Timor Sea off Northern Australia.

Cedigaz, the International Association for Natural Gas, has predicted that the world LNG trade will bounce back in 2011 and there will be little excess, in spite of new capacity additions.

How can the pipeline industry is finding profit in social responsibility? Gordon Cope reports on CSR.

Wärtsilä has been awarded a five-year technical management contract by Ceres LNG Services Ltd, a Greek ship management company and a major marine service provider in LNG shipping, covering six LNG carriers.

McDermott has won a subsea contract for the Macedon Gas project in the Pilbara region of Western Australia.

GE Oil & Gas will supply three customised aeroderivative gas turbine-generator modules to provide reliable electric power for a new Chevron floating production unit that will produce oil and gas from the Jack and St. Malo fields in the Gulf of Mexico.

Fluor Corporation has been awarded a contract by Klaipedos Nafta AB, Lithuania’s state-owned oil company, to provide engineering and business support services for a new FLNG import terminal in Klaipeda, Lithuania.

Ukraine’s government is to put out a tender to perform a feasibility study for an LNG receiving terminal on July 6 in a bid to diversify its sources of supply.

Iran threatens to cut supplies of crude to India as the importer reportedly finds payment channels blocked, while NIPC reports growth in the country’s lucrative petrochemical industry.

Global rigging activity reveals that Latin America takes the lead on growth within the oil and gas sector.