Oil & gas news
ABB wins e-house order for natural gas plant
Initec has awarded ABB the contract to deliver e-houses for its natural gas plant in Bolivia
Wintershall hits oil at Hibonite
Wintershall, a unit of BASF, has made an oil discovery offshore Denmark that is estimated to contain approximately 100 million bbls of oil.
Chevron makes deepwater GoM discovery
US oil giant Chevron has made a deepwater oil discovery in the US Gulf of Mexico.
India approves 5 new blocks for exploration; rejects 3
A panel including India’s Prime Minister, Manmohan Singh has cleared 5 oil and gas blocks for oil and gas exploration, whilst rejecting three others.
The UK faces capacity crunch as coal-fired power plants close
The UK is facing a critical capacity crunch within the next few years unless the government provides clarity on its energy market reforms.
European coal: a last hurrah?
European coal demand will remain steady for the next few years but EU environmental policies will fundamentally weaken its position beyond 2020, according to research firm, Wood Mackenzie.
OptaSense and Shell agree contract extension
OptaSense signs extension to product development framework agreement with Shell
Northern Petroleum acquires further leases in Canada
Northern acquires additional leases over 4000 acres increasing its aggregate holding of petroleum and natural gas mineral rights in Canada to 9300 acres.
Vale lifts force majeure on Mozambique coal shipments
Brazilian mining giant, Vala, has lifted force majeure on a number of its coal sales contracts in Mozambique.
Iraq 10 years on: energy risks and opportunities
It is almost ten years since the invasion of Iraq, yet today the country still sees bombings and shootings on a daily basis. The central provinces remain socially fragmented with one of the highest rates of terrorist attack in the world. The north of the country also sees a high degree of political risk amid an ongoing competition for control between the federal and regional Kurdish governments.