Arch Coal Inc. has announced a 42% growth in revenue for Q3 2010 at US$ 2.35 million compared to US$ 1.85 million in the corresponding period of last year. The results have been attributed to more favourable coal market conditions and the acquisition of Jacobs Ranch mine into its Black Thunder operations.
API provides expanded online access to its safety standards.
With players from the US and China seeking stakes in the Australian coal mining industry, Whitehaven Coal, an independent coal producer in the Gunnedah Basin, has put itself up for sale, announcing a formal process to identify potential buyers that will offer best interest to all share holders.
Adani has won a bid to develop and mine coal from the Chendipada coal block in Orissa, India.
According to Wood Mackenzie, a consultancy, Indonesia is well place to benefit for potential coal upgrading technologies, as low rank coal projects will achieve higher operating margins and increased market opportunities through an upgraded product. This means Indonesia will be competitive with bituminous coal producing countries, as well as increasing its commercial attractiveness for investors.
Petrofac has been awarded a £500 million contract to build a gas processing plant in the Shetlands for Total.
Massey Energy posts a loss in Q3, blaming it on production losses caused by the actions of the Mine Safety and Health Administration.
The latest EIC Monitor (Q3) shows encouraging levels of new projects emerging across the globe with China, India and the USA having some of the largest new projects.
A new underground coal mine is to be opened in Hamilton County, Illinois, creating approximately 300 construction jobs and 350 permanent jobs.
BP is selling four mature producing deepwater wells in the Gulf of Mexico to Marubeni Oil and Gas for US$ 650 million.
Japan has made an agreement to co-operate with Vietnam on nuclear technologies and materials.
Santos has agreed a deal to supply 750 PJ of natural gas from its Cooper Basin gas assets to the Gladstone LNG project.
Demand for met coal has prompted United Coal to reopen the Affinity mine in West Virginia, which has been closed since 1985.
ENI has been awarded a gas storage license to develop a gas storage facility under the North Sea in the depleted Deborah field.
Technip has been awarded a contract for the supply of Integrated Production Bundles to the Papa Terra field in Brazil’s Campos Basin.