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Drilling & production

 

Pakistan LNG deal mired in scandal

A contract made between GDF Suez and Pakistan’s Petroleum Ministry has become mired in scandal after it was revealed a lower bid was ignored.

 
 
 

China to become shale gas producer?

China has signed a deal with Shell to exploit its domestic shale gas reserves, which, if successful could turn Chinese energy policy on its head.

 
 
 

Peabody invests in Calera Corp.

As part of its investment into clean coal energy, Peabody Energy has invested US$ 15 million in Calera Corp., owner of technology that converts CO2 into green building materials.

 
 
 

Bill Gates in nuclear talks

Bill Gates’ firm Terra Firma is in talks with Toshiba to develop the next generation of mini nuclear power plant.

 
 
 
 

Arrow Energy accept improved takeover bid

Australia’s Arrow Energy has accepted an improved takeover bid from Royal Dutch Shell and PetroChina worth a reported AU$ 3.44 billion (US$ 3.14 billion). The takeover is subject to approval by Arrow shareholders and Australian authorities.