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Bucyrus International Inc. has announced an agreement to buy the mining equipment business of Terex Corp. for US$ 1.3 billion in cash. The acquisition will create a premier supplier of mining equipment with an addressable market of US$ 30 billion and about 10,000 employees in 100 locations around the world.
Cold weather has boosted prices for LNG, drawing extra tankers to the US.
The annual wintertime dispute over Russian payable pipeline tariffs rears its head again; the Russia-Belarus crisis ends after an oil cut-off lasting several days.
BP Norge has awarded Aker Solutions an engineering, procurement, construction and installation (EPCI) contract for a tieback from Oselvar to the Ula platform in the North Sea. Aker Solutions estimates the contract value to be approximately NOK 450 million.
US energy secretary, has announced the selection of three new projects to accelerate the development of advanced coal technologies with CCS at commercial-scale.
Devon Energy Corp. has announced a pre-salt oil discovery in the Campos Basin, offshore Brazil. This initial exploratory well was drilled to a total depth of 16 240 ft and encountered approximately 240 ft of oil column.
Doosan Babcock had announced it will undertake a major carbon capture project with Basin Electric Power Cooperative. The project will commence in January.
JFE Steel Corp. will acquire a 20% stake in the Byerwen coal project from QCoal Pty Ltd. JFE has also agreed an off-take contract that will supply JFE with 2 million tpa or premium hard coking coal from Byerwen.
Shell have been awarded a technical co-operation permit for a one-year study to investigate the hydrocarbon potential in parts of central South Africa.
Lukoil and Statoil secured the winning bid on the gigantic West Qurna 2 field in Iraq.
Total has announced the discovery of hydrocarbons in the southern portion of the Oil Prospecting Licence (OPL) 223, offshore Southeastern Nigeria.
The US EPA has delayed its decision on regulating coal ash waste from power plants. A decision was expected before the end of the year but, due to the complexity of the analysis involved, the agency is still actively working on parts of the proposal.