Oil & gas news

Like a phoenix from the ashes, the Gulf of Mexico is entering a new chapter in its oil and gas history. Gordon Cope reports.

Thousands of coal miners have walked out of metallurgical mines in Queensland in an ongoing dispute over working conditions with coal mining giant BHP-Mitsubishi Alliance (BMA).

Wildhorse Energy Limited, an AIM and ASX listed company focused on developing underground coal gasification (UCG) and uranium projects in Central and Eastern Europe (CEE), has announced the completion of its Preliminary Feasibility Study and an updated JORC Inferred coal resource of 383 million t at the Company’s Mecsek Hills UCG Project in southern Hungary.

Qatargas are planning to shutdown the Qatargas-1 LNG train this April for routine maintenance.

Faroe Petroleum has reported a healthy profit for 2011, a significant improvement upon losses reported a year earlier.

BP has agreed on a sale of its gas assets in the UK North Sea to Perenco in a deal worth US$ 400 million.

The chairman and CEO of Peabody Energy, Gregory H. Boyce, announced on Monday that the global supercycle for coal was ‘alive and well’ with strong market trends related to rising electricity generation and steel demand in China and India, along with constrained global coal supplies.

Total E&P has evacuated all 238 personnel from its Elgin PUQ offshore platform in the central Graben area after a subsea gas leak was detected.

Irish company Providence Resources has announced that daily oil flow rates from the Barryroe well have significantly exceeded targets.

Eni has announced a new discovery of 10 trillion ft3 of natural gas offshore Mozambique.