Nevada in favour of oil and gas development
78% of Nevada voters are in favour of more oil and natural gas development in the US.
Browse the latest oil & gas news news and articles.
78% of Nevada voters are in favour of more oil and natural gas development in the US.
Expro has signed a frame agreement with Total E&P UK Ltd for the further advancement of its AX-S™ subsea well intervention technology.
The first CBM exploration core well in the Kutai West Coalbed Methane Production Sharing Contract (Kutai West CBM PSC) was spud on 12 December 2011. The well is the first step in delineating the CBM resource and commercial potential of the Kutai West CBM PSC. A neighbouring CBM PSC is already in commercial production.
Battalion Resources Holding has acquired coalbed methane (CBM) assets in the Powder River Basin (PRB) from J.M. Huber Corp.
After its successful IPO based on near-term thermal coal production assets in 2010, Universal Coal‘s metallurgical coal assets will be the main driver for investor interest in 2012.
Arch Coal has acquired the South Hilight coal lease in the southern Powder River Basin (PRB) for US$ 300 million. The lease is contiguous with the company’s existing Black Thunder mines and contains high CV, low sulfur coals.
Peabody Energy will increase its production at the Wilpinjong and Millennium mines in Australia after expansions at both sites were completed. It is expected that the increased production will allow the company to supply an additional 3 – 5 million tpa to the Asian seaborne market.
Kosmos Energy announced today that it has executed two Production Sharing Contracts with Staatsolie Maatschappij Suriname N.V., the national oil company of Suriname, for Blocks 42 and 45 offshore Suriname.
According to company sources, TNK-BP will invest up to US$ 10 billion in Arctic oilfield development and construction of a pipeline to link the fields with an export pipeline.
IHS CERA Analysis says that the average crude oil price for 2011 is poised to set 150 year high.
Toyota Tsusho Corporation (TTC) has signed a CBM Sales Agreement with Walloons Coal Seam Gas Company Pty Ltd, a subsidiary of BG Group plc., the owner of the Curtis LNG Project.
The International Energy Agency (IEA) has released its Medium-Term Coal Market Report 2011, which predicts that the global demand for coal will grow over the next five years as a result of surging energy demand in emerging economies.