Oil & gas news
Total acquires acreage in Utica shale
Total has acquired a 25% share in Chesapeake’s and EnerVest’s liquids-rich area of the Utica shale play located across 10 counties on the eastern side of the state of Ohio, USA.
Interwell doubles UK facilities, headcount and aims to double revenues in 2012
Leading well intervention and integrity specialist, Interwell has recorded significant growth since opening its UK facility in February 2011.
Oil output in Brazil up 3% in November
Average oil production in Brazil grew 3% in November compared to October, reaching 2,060,695 barrels of oil per day (bpd).
Nevada in favour of oil and gas development
78% of Nevada voters are in favour of more oil and natural gas development in the US.
First contract for Expro’s AX-S subsea intervention system
Expro has signed a frame agreement with Total E&P UK Ltd for the further advancement of its AX-S™ subsea well intervention technology.
CBM exploration well in East Kalimantan, Indonesia, is spud
The first CBM exploration core well in the Kutai West Coalbed Methane Production Sharing Contract (Kutai West CBM PSC) was spud on 12 December 2011. The well is the first step in delineating the CBM resource and commercial potential of the Kutai West CBM PSC. A neighbouring CBM PSC is already in commercial production.
Battallion Resources acquires CBM assets in the PRB
Battalion Resources Holding has acquired coalbed methane (CBM) assets in the Powder River Basin (PRB) from J.M. Huber Corp.
Metallurgical coal assets set to define Universal Coal in 2012
After its successful IPO based on near-term thermal coal production assets in 2010, Universal Coal‘s metallurgical coal assets will be the main driver for investor interest in 2012.
Arch Coal acquired South Hilight coal lease in the southern PRB
Arch Coal has acquired the South Hilight coal lease in the southern Powder River Basin (PRB) for US$ 300 million. The lease is contiguous with the company’s existing Black Thunder mines and contains high CV, low sulfur coals.
Peabody Energy increases Australian production after mine expansions
Peabody Energy will increase its production at the Wilpinjong and Millennium mines in Australia after expansions at both sites were completed. It is expected that the increased production will allow the company to supply an additional 3 – 5 million tpa to the Asian seaborne market.