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Drilling & production

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.

 
 
 
 

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.