Oil & gas news
Beacon Hill Resources and Vitol Coal announce strategic marketing partnership
Beacon Hill Resources Plc, the Mozambican coal producer, has announced that it has entered into a strategic marketing partnership with Vitol Coal S.A.
Foster Wheeler awarded FEED contract for Dominican LNG terminal
Foster Wheeler AG has been awarded the FEED contract for an LNG receiving terminal and jetty in the Dominican Republic by Complejo GNL del Este.
Halliburton and Petronas team up for Asian shale campaign
Halliburton Co, and Petronas have teamed up to explore possible shale resources in the Asia Pacific region.
Obama and Cameron discuss possible oil reserve release
President Obama and Prime Minster Cameron have been involved in discussions regarding the possibility of releasing oil reserves in a bid to combat record prices.
Siemens receives order for semisubmersible power packages
Siemens has received an order for the supply of two complete power packages for Statoil’s two new semisubmersible drilling units.
TAQA to boost Capex to US$ 2 – 2.2 billion
Abu Dhabi National Energy Co. (TAQA) has announced plans to boost Capex for 2012 to US$ 2 – 2.2 billion.
CNOOC shows interest in Cyprus offshore gas exploration
The Chinese giant CNOOC is one of the latest companies to show interest in oil and gas exploration offshore Cyprus.
Tullow posts huge profit increase for 2011
Tullow has announced that as a result of surging revenues in 2011, profits for that year rose dramatically.
UK Coal: Daw Mill colliery may close
UK Coal has announced that it is considering closing the UK’s biggest deep coal mine, putting 800 jobs at risk.
Xstrata Coal and JX Nippon have announced creation of joint coal venture
Xstrata Coal and JX Nippon Oil & Energy have announced the creation of a Canadian metallurgical coal joint venture.