Drilling & production

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.

The Petrobras Board of Directors has given the go-ahead for the bidding process to award contracts for up to 21 offshore drilling rigs to be built in Brazil, and to meet the company's exploratory and production development needs.

Statoil ASA has decided to divest a 24.1% direct and indirect stake in Gassled joint venture (jv) for US$ 3.25 billion. Following this transaction, Statoil will continue to own 5.0% in the jv.

Petronet LNG Ltd and Gazprom Global LNG have concluded a memorandum of understanding for the long term supply of 2.5 million tpy of LNG for up to 25 years.

Hyundai Heavy Industries has won a US$ 600 million order to build two 155,000 m3 LNG carriers, and has another order from Rowan Companies for two drillships worth US$ 1.12 billion.

The American Petroleum Institute has commented that the US Environmental Protection Agency’s regulations on ozone and greenhouse gases are top threats in job growth.