Drilling & production

Ontario has been awarding contracts for a massive programme of green energy generation that it predicts will generate up to CAN$ 9 billion in private investment.

Icon Energy has signed a memorandum of understanding to supply China with LNG, the move has sparked a massive increase in the company’s share price.

The World Bank has approved a US$ 3.75 billion loan to Eskom, which will be used to complete the 4800 MW Medupi coal-fired power plant in South Africa. The loan will ease the country’s power shortages and help it to achieve a reliable energy supply.

Ireland must find alternative sources of energy to meet its carbon emissions targets and energy demands.

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.

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

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

Alongside the US$ 555.3 billion Desertec project, Morocco is planning to invest US$ 9 billion in a solar energy programme.

Yemen has placed a second train online at the Balhaf facility, boosting its LNG production capacity considerably.

In the worst mining disaster in over 25 years, an explosion at an underground coal mine in West Virginia has killed at least 25 miners.

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

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

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

SSE has secured an additional loan from the European Investment Bank to invest in renewable projects.