Oil & gas news
Max Petroleum faces further difficulties in Kazakhstan
Max Petroleum has reported a double-dose of bad news in the guise of drilling delays and financial insecurity.
Former ConocoPhillips chief announced as new Chesapeake Chairman
Archie Dunham, the former chief of ConocoPhillips has been brought in as the new chairman of Chesapeake Energy, replacing Aubrey McClendon.
China disputes Vietnamese claims to Spratly islands; demands “immediate correction” of new law
A newly passed Vietnamese law requiring all foreign naval vessels operating in the waters around the Spratly islands to notify Vietnamese authorities has incensed the Chinese government.
Arch Coal responds to thermal coal market weakness by idling several operations and reducing production in Appalachia
Arch Coal has announced plans to idle several operations and to reduce production at other mining complexes in Appalachia due to the unprecedented downturn in demand for coal-fired power.
Aker Solutions to invest in Brazilian drilling equipment facilities
Aker Solutions is planning on building a new US$ 100 million service site for its drilling equipment business in Brazil.
Technip awarded contract for Ichthys FPSO unit
Technip has been awarded the services contract for the Ichthys LNG FPSO facility.
AFPM and API respond to US Domestic Energy and Jobs Act
The AFPM and API have both released statements commending the passage of the Domestic Energy and Jobs Act through the US House of Representatives.
Enel and LUKoil have signed an agreement for upstream and midstream cooperation
The two companies intend to focus on joint upstream and midstream gas projects in Russia and Europe.
Most US coal exports in 2011 went to Europe and Asia
According to a recent report by the US Energy Information Administration (EIA), 76% of US coal exports in 2011 went to Europe and Asia.
Technip wins contract for Bøyla field
Technip has been awarded an engineering, procurement, installation and commissioning contract for the Bøyla field development.