Oil & gas news
Chevron signs supply purchase agreement with Kyushu Electric
Chevron has signed a Sale and Purchase Agreement (SPA) with Kyushu Electric Power Co. for the delivery of LNG from the Wheatstone Project in Western Australia. As part of the deal Kyushu Electric will also acquire equity in the Wheatstone gas fields and processing plant.
State support for solar panels in China could lead to cheaper solar panels for UK
The Chinese government has announced a nationwide feed-in-tariff to accelerate the development of a domestic solar energy industry and boost its solar panel production which should lead to lower global prices for panels.
Rockhopper optimistic about Falklands oil exploration
Rockhopper Exploration has outlined a development plan for its Sea Lion field offshore North Falkland.
Molycorp invests in wind power
Molycorp, the Western hemisphere's only producer of rare earth oxides (REO) and the largest REO producer outside of China, is making a significant investment in Boulder Wind Power, which has designed a rare earth magnet powered wind turbine generator that can produce electricity as low as US$ 0.04 per kilowatt-hour.
Banpu looks to Mongolia with bid for Hunnu Coal
Banpu plc, Thailand’s largest coal miner, has made a AU$ 423 million bid for Hunnu Coal Ltd.
AGR awarded drilling services contract by Lundin
AGR has been awarded a three year frame agreement with Lundin Norway AS for drilling services on the Norwegian continental shelf, plus two one year options.
Libya refinery attacks expose ongoing security issues
There are still ongoing security issues in Libya, which are likely to slow down attempts at getting oil production back up to pre-conflict levels.
Douglas Westwood predicts growth for North Sea services and support industry
“Despite a long-term decline in oil & gas production in the North Sea, its services and support industry has a bright future,” said John Westwood, Chairman of energy business advisors Douglas-Westwood, in Aberdeen this week.
Ukrainian gas dispute with Russia in danger of flaring up again
Russia is preparing to cut-off Ukraine’s gas supply if it refuses to honour the terms agreed in 2009, Ukraine has already signalled that it believes the terms are bad for national interests.
Total makes big discovery in Caspian Sea
Total has made a major gas discovery in the Caspian Sea in the Absheron block offshore Azerbaijan. The Absheron X-2 well has encountered more than 500 ft of cumulated net gas pays within high quality sands on the northern flank of a major 270 km2 structure. Reservoirs are expected to extend over the entire northern part of the structure.