Oil & gas news

Xstrata has announced record production from its Australian thermal coal operations following the successful commissioning of the Mangoola mine. Production in Colombia was also up on the previous year, but down in South Africa where industrial action and restructuring saw production drop by 3%.

Australian miner, Cockatoo Coal, announces JORC reserves at Taroom and Collingwood projects in the Surat basin, and the establishment of the North Surat Joint Venture with Mitsui.

Reliance Industries and Reliance Power have entered into preliminary discussions to jointly develop CBM assets in Madhya Pradesh.

Essar Oil Ltd. a subsidiary of Essar Energy, has announced a significant increase in proven and probable reserves and best estimate contingent gas resources at its Raniganj coalbed methane (CBM) exploration block in West Bengal.

Nordstream, Gasunie, Gate Terminal and Qatar Gas emerged as the overall winners in the closely contested European Gas Conference Awards.

In order for renewables targets to be met, and schemes to be completed, the message is clear: invest in R&D.

Hoegh LNG has signed an agreement with PT Perusahaan Gas Negara (PGN) to provide them with an FSRU and mooring system offshore Belawan, near the city of Medan, in North Sumatra, Indonesia. The project will employ the first of Höegh LNG's new building FSRUs under construction at Hyundai Heavy Industries Ltd in Korea.

Kinder Morgan Energy Partners has announced plans to invest approximately US$ 140 million to further expand its coal handling facilities along the Gulf Coast.

ConocoPhillips and the China National Offshore Oil Corp. (CNOOC) have reached an agreement with China's Ministry of Agriculture to resolve issues related to the June 2011 incidents at the Peng Lai 19-3 field in Bohai Bay.

The American Petroleum Institute says that with right policy changes, administration support for energy development could be a needed course correction.