Oil & gas news

China’s economy faces a strong headwind from power shortages and rising coal costs. Ng Weng Hoong assesses the threats.

Spectrum selects the Paradigm Echos suite for seismic processing and imaging across its global operations.

Kawasaki Heavy Industries (KHI) has announced that it will test its new technology at the world-leading European Marine Energy Centre (EMEC) in Orkney.

Multi-Client seismic specialists, Spectrum, have released details of over 10,000 km of 2D Multi-Client seismic data located over the Dreki/Jan Mayen Ridge (JMR) area offshore the north-eastern coast of Iceland.

The energy security strategies of states across the region, if not working in cooperation with each other, could have severe geopolitical and economic repercussions in a region where high food and oil prices threaten economic recovery and human security.

Fluor Offshore Solutions unit as been awarded a FEED contract by Abu Dhabi Marine Operating Company (ADMA-OPCO) for new offshore facilities located at the Nasr Field.

Wood Mackenzie’s Near-Term Market Outlook cautions of falling metallurgical coal prices from now to Q4 2012, dropping from the current quarterly price of US$ 285/t for premium metallurgical coal to under US$ 240/t.

The Clough AMEC joint venture has been awarded a two-year contract extension by ConocoPhillips to provide operations and maintenance services to the Bayu Undan facilities located in the Timor Sea. The contract extension has an estimated value of AU$100 million.

Saipem has been awarded new E&C Offshore contracts worth US$ 1.5 billion.

Petrel resources PLC has been awarded two offshore exploration blocks in the Irish Atlantic margin in bid to boost native Irish energy resources.