Oil & gas news

EQT Corp has announced plans to convert drilling rigs to run on LNG rather than diesel in order to make oil and gas exploration more green.

Bids for the carbon capture and storage commercialisation competition closes today.

Rosneft and GE have signed a deal to jointly evaluate and develop oil and gas exploration and production opportunities in Russia.

ConocoPhillips has officially sanctioned the development of the second train at its Australia Pacific LNG facility after Kansai Electric signed a new supply deal.

Australia Pacific LNG have signed a 20 year LNG supply deal with Kansai Electric, the agreement shows the strength of demand for LNG in the Asian market and shows the potential for Australian LNG market to grow.

June 2012: In order to successfully drive through change initiatives, companies need to focus on breaking down potential barriers to change.

A terminal for liquefied natural gas, LNG, could be completed in Gothenburg, the largest port in Nordic region, as early as 2015.

Allegations of price fixing by Chesapeake and Encana have arisen as emails have been circulated showing how the two companies planned to avoid bidding against each other in Michigan land auctions.

Rio Tinto has started exporting hard coking coal from its Benga Mine in the Moatize Basin in Mozambique. The first shipment of 34 000 t left the Port of Beira on 25th June, bound for an Indian steel mill.

Providence Resources has reported more good news from its Barryroe discovery, with analysis of sidewall cores showing high levels of permeability.