Oil & gas news

Dresser-Rand Company has entered into licensing agreement with Expansion Energy LLC to use its proprietary VX Cycle technology for the small-scale production of LNG.

Chevron has confirmed that it has discovered 67 m of net gas pay in the Satyr-4 exploration well, potentially providing more resources for the Gorgon LNG project.

A joint venture between GDF Suez and Santos Energy has received environmental approval from the Australian government for its FLNG project in the Bonaparte Basin.

Shell has signed an agreement with Hess Corporation to acquire its interests in the Beryl area fields and the Scottish Area Gas Evacuation System (SAGE), for US$ 525 million.

In large scale markets, LNG is already a strategic commodity. However, limited growth is experienced in the small scale market. Thomas Vles, Consultant, Squarewise, asks why.

US 2012 coal exports, supported by rising thermal coal exports, are expected to break their previous record level of almost 113 million short t, set in 1981.

BP has asked a US judge to approve a settlement of thousands of claims worth US$ 7.8 billion made by plaintiffs whose businesses, property or health were negatively impacted by the 2010 Deepwater Horizon incident.

Talisman has received approval from the UK government to proceed with its £1.6 billion MonArb area redevelopment project to increase oil production.

Serimax has been commissioned to provide welding solutions on pipelines offshore Brazil.

Heavy flooding, as a result of months of rain, may have cut the production output of companies operating in the Niger Delta by up to 500 000 bpd.