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Drilling & production

 
 

Boom times

Immense deposits, a reforming president and a thriving democracy continue to outweigh the negatives of investing in Indonesia. This has led to miners boosting thermal coal output to meet demand from Asia’s power companies.

 

South Hook terminal completed

The South Hook terminal has commissioned the final stages of the terminal’s equipment, effectively doubling capacity at the plant in Milford Haven.

 

Libya’s hidden wealth

Libya potentially holds massive resources, which could offset the dwindling reserves in MENA region.

 
 
 
 

Nord Stream construction begins

Construction of the long-anticipated Nord Stream gas pipeline from Russia to Germany via the Baltic officially got underway on 9th April.

 

Shell starts production at Perdido

Shell has produced its first oil and natural gas from the Perdido development, the world’s deepest offshore drilling and production facility.

 

BHP Billiton signs joint venture agreement for Indonesian Coal Project

BHP Billiton, the world’s largest mining company, will create a joint venture with PT Adaro Energy, a leading Indonesian miner, to develop its Indonesian Coal Project in East and Central Kalimantan. Adaro will acquire a 25% interest in the project, with BHP retaining the remaining 75%.

 

JP Morgan enters LNG market

JP Morgan and Cheniere Energy have entered into a two-year partnership involving the Sabine Pass terminal.