Drilling & production

Ecuador has pledged not to drill for oil in an area of pristine Amazon rainforest in exchange for US$ 3.6 billion worth of payments.

BP has announced that the MC252 well appears to have reached a static condition. The well pressure is now being controlled by the hydrostatic pressure of the drilling mud, which is the desired outcome of the static kill procedure carried out.

In the largest single deal by an Indian company in Australia, Linc Energy has agreed to sell its Galilee Basin coal deposits to India’s Adani Enterprises in a deal worth up to AU$ 3 billion.

Foster-Wheeler awarded contract to assist with initial technical development and conceptual design of a new Uruguayan LNG terminal to feed both Uruguay and Argentina.

The EU has agreed a deal on the financing and timetabling of a fusion reactor project in southwestern France.

Western Gas has agreed to pay Anadarko US$ 498 million to acquire its 1734 mile Wattenberg gathering system.

Ultra Green has unveiled new technology that can potentially clean up the majority of the estimated 4 million bbls of oil spilled in the Gulf of Mexico by the end of September.

Hunnu Coal has announced the results of coal quality analyses performed on samples taken from the due diligence drill cores at the Tsant Uul coking coal project. Initial test results demonstrate similarities to coals at the giant Tavan Tolgoi field.

Ocean Power Technologies has been awarded a grant for further development of its Powerbuoy wave power technology.

Peabody Energy has approved the expansion of the Wilpinjong thermal coal mine in New South Wales, Australia, which is expected to increase production by 2 – 3 million tpa from 2012 as part of the company’s push to increase Australian production to 35 – 40 million tpa by 2014.

Frank Clemente Ph.D, examines the economic, environmental and social benefits of using coal.

The Digest of United Kingdom Energy Statistics 2010 is published today by the Department of Energy and Climate Change.

Infield Systems Ltd considers how the shockwaves of the Deepwater Horizon incident will be felt across the deepwater sector.

The National Control Center for US wind farms is making use of SCADA system.

NPRA’s Drevna comments on National Journal’s Energy & Environment blog.