Oil & gas news

Weak demand from Chinese and Australian coal mines has helped to drive orders for Sandvik’s products and services down by 5% in Q4 2013 compared to the same period in 2011.

Caterpillar has reported record earnings of US$ 65.9 billion in 2012, despite a US$ 580 million writedown on its Siwei acquisition.

Central European coal and coke producer, New World Resources, has announced an increase in metallurgical coal prices for Q1 2013, but significantly lower thermal prices.

Iran is planning to begin construction of the Iran-Pakistan pipeline next month but faces a number of serious political and security concerns, which may mean that it never realises its potential.

Anglo American has announced a rise in both metallurgical and thermal coal production in Q4 2012, while iron or and platinum production were down.

Major US coal producer, Cloud Peak Energy, and the Crow Tribe of Indians have signed option and exploration agreements for an estimated 1.4 billion short t of northern PRB coal.

The American Petroleum Institute comment on Ohioan lawmakers urging the expansion of natural gas development.

January 2013: Hope is both a leading and lagging of the chance for serious change and a lack of hope is a barrier to changing working practices.

Gregory H. Boyce, chairman and CEO of Peabody Energy, US, takes a look at the long-term outlook for coal and explains why there are reasons to be optimistic.

The world’s largest mining company has announced Q4 2012 production figures broadly in line with analyst’s expectations for petroleum and metallurgical coal, although thermal coal production was lower.