Oil & gas news
Carbon trading to be brought forward in Australia
New Australian Prime Minister, Kevin Rudd, announces intention to bring forward start date of carbon trading scheme.
Norway’s Offshore Activity to Drive European Drilling Expenditure to US$ 12.8 Billion in 2016
GBI Research has released a new report that shows Norway will be Europe’s key offshore oil and gas destination in the near future.
MAN Diesel to supply engines for six Chinese LNG carriers
Man Diesel & Turbo will be supplying 30 MAN 51/60 DF duel-fuel engines for the construction of six Chinese built LNG carriers.
New ESP drive able to reduce costs and help increase production
CCW Energy Systems has developed a new ESP drive system that can help to reduce operating costs and, in some cases, boost production.
Cumberland coal mine forced to halt production
Alpha Natural Resources subsidiary company forced to halt production at Cumberland underground longwall mine.
Nigeria LNG blockade lifted by NIMASA
Nigeria LNG has had the blockade of its LNG terminal lifted after agreeing to pay the outstanding taxes demanded by NIMASA under protest.
India moves to begin production of coal bed methane
New government policy will allow state-run company to extract coal bed methane from coal seams.
Price forecast for metallurgical coal is reduced
Macquarie Bank reduces price forecast for metallurgical coal.
Ovoot metallurgical coal project sparks interest from prospective investors
Aspire Mining signs MOUs for purchase of metallurgical coal from company’s flagship Ovoot project.
Sea change
Nick Prowse, Scott McCabe and Rod Chooramun, Norton Rose, look at trends in the LNG shipping industry.