Oil & gas news
Jindal Steel and Power Ltd. shares fall
Shares in Jindal Steel and Power Ltd. fell by 24% as Naveen Jindal was named in a criminal case by the Central Bureau of Intelligence
Pennsylvanian mine announces 29% increase in clean coal reserves
Atlantic coal has announced the clean coal reserve base at the Stockton anthracite mine, Pennsylvania, has increased by 29%
Positive outlook for metallurgical coal in Chinese province
Market study by Celsius Coal confirms positive trends for metallurgical coal in Xinjiang Province, China
Mokveld awarded subsea anti-surge control valve project
Mokveld is to supply three subsea anti-surge control valves for the Åsgard Subsea Gas Compression Project
European coal prices remain at record lows
LEBA has released European coal price data for May, showing prices remained at record lows.
Coal Prep Show 2013 enjoys successful year despite soft coal market
International attendance increases on 2012 numbers by 17%.
China’s thermal coal demand expected to grow
Report by Wood Mackenzie indicates China’s thermal coal demand will continue to rise, despite previous speculation otherwise.
Arckaringa project granted two-year extension
South Australian government extends Altona Energy’s exploration licenses until 6 June 2015.
Toyota to construct South Sudan-Kenya oil pipeline
South Sudan has confirmed that Toyota Tsusho will construct an oil pipeline from the landlocked nation to the Kenyan Port of Lamu.
IGas announces significant rise in gas-in-place at UK shale basin
The UK-focused company has announced a rise in gas-in-place at its Bowland Shale acreage from approximately 9 trillion ft3 up to a potential maximum of 172.3 trillion ft3.