Oil & gas news
BP reports that new surface sheen is not from a fresh leak
After investigating reports of a fresh surface sheen in the area around the site of the Macondo well, BP has reported that there are no signs of a fresh leak and that the oil may have come from the cofferdam that was used in an unsuccessful attempt to cap the well.
Shell begins Prelude FLNG construction
Shell has revealed that it has begun construction of the giant, first-of-a-kind Prelude Floating Liquefied Natural Gas (FLNG) facility.
BHP Billiton announces strong performance in coal operations in its third quarter results
BHP Billiton, the Anglo-Australian mining giant, has announced “robust” operating results for the third quarter, with strong performances at its Queensland Coal operations and thermal coal production “higher than all comparable periods” across the BHP Billiton Energy Coal portfolio.
Xstrata announces increased coal production in third quarter results
Xstrata has announced its third quarter results, with coal production up compared the same quarter last year. Lower prices have hit coal earnings, however, leading the company to initiate a planned restructuring of its Australian business to bring down costs.
Vale announces “solid” third quarter results in a “challenging environment”
Brazilian mining giant, Vale, has announced its third quarter results. Coal production was down on the second quarter due to a slower pace of ramp-up at the company’s Moatize mine in Mozambique. Australian production increased on second quarter as geological conditions improved.
ExxonMobil acquires Celtic Exploration
ExxonMobil Canada today announced an agreement with Celtic Exploration Ltd. under which an ExxonMobil Canada affiliate will acquire Celtic.
Aker Solutions to provide umbilicals for Angolan project
Aker Solutions is to provide 34 km of umbilicals for the Block 15\06 West Hub development project in the Angolan deepwater region.
Norway Oil production misses September targets – likely to miss 2012 targets
The Norwegian Petroleum Directorate has announced that Norway produced 15% less crude in September than had been estimated and was consequently likely to miss its overall production target for 2012.
Ecuador court orders Chevron asset seizure
As part of an ongoing lawsuit between Chevron and plaintiffs from various Amazonian villages, an Ecuadorian court has ordered the seizure of approximately US$ 200 million worth of company assets.
Höegh LNG signs revised FSRU agreement with PGN
The location of the FSRU has been changed at the request of the Indonesian government and as a result the agreement has been revised, Höegh will also now be reimbursed for the cost of the mooring system.