Oil & gas news

The UK government released its White Paper on Electricity Market Reform this week, setting forward its proposals to secure and decarbonise the UK’s electricity market. Jonathan Rowland, editor of World Coal, highlights some of the questions it raises.

Sea Trucks Group has been awarded a contract by Hyundai Heavy Industries to provide an offshore construction/ accommodation vessel for Total in Nigeria.

A joint venture between CB& I and Kentz Corporation Limited have been awarded a contract for the mechanical, electrical and instrumentation work on the Gorgon Project on Barrow Island, Western Australia.

BP, Shell and other co-venturers have reached an agreement to progress a major re-development of the Schiehallion and Loyal oil fields to the west of the Shetland Islands.

Chesapeake Energy Corporation has announced investment plans to create a natural gas fuelled highway system across America and effectively reduce American dependence on OPEC whilst boosting the economy.

Offshore Energy’s Committee of Recommendations has convened international developments in the offshore industry and how these developments could be addressed within the conference programme.

CB&I has been awarded a contract, valued in excess of US$ 300 million, for a new natural gas processing plant in the Northeastern U.S.

Wood Group has been granted a multi-million dollar, three-year contract by Chevron U.S.A. Inc. to commission the Big Foot extended tension leg platform in the Gulf of Mexico.

White paper to bring about biggest reforms since privatisation.

Peabody Energy and ArcelorMittal SA have confirmed that they have jointly submitted an indicative proposal to the board of directors of Macarthur Coal Ltd to acquire all shares of the company.