Oil & gas news

A bill banning gas flaring, which will come into force at the end of this year, is being passed through the Nigerian government and is close to finalisation.

Continental Coal and Forzando Coal Mines enter mine life extension agreement.

Salamander has drilled a successful appraisal well to test the Tutung gas condensate discovery offshore Kalimantan, Indonesia.

Indian state company, Oil India, has announced that it would possibly be interested in acquiring a stake in ConoccoPhillips’ oilsands fields in Canada.

Mikhail Fridman, CEO of TNK-BP has resigned for “personal reasons.”

Stakeholders in the giant Kashagan offshore field have agreed to pay almost US$ 1 billion to cover the costs of the Kazakhstan government’s investment in the field.

Russia’s giant Shtokman field is to switch its production to LNG and begin focusing on Asian markets instead of Europe.

The two countries have resumed peace talks at the behest of African Union mediators. The UN Secretary General has welcomed the announcement as an end to the disputes between the two countries draws marginally closer.

Preliminary estimates from the IEA for 2011 show that in the USA, emissions dropped in 2011, largely due to the shift from coal power to natural gas.

As hundreds of dead dolphins and thousands of dead seabirds wash up on Peru’s coastline, official investigations claim “natural causes” whilst independents and environmentalist groups target the offshore oil and gas industry’s seismic operations.