Oil & gas news

East Timor’s government has called for the expulsion of Shell form talks about the development of the Greater Sunrise field in the East Timor sea after serious disagreement between the two parties over how to develop the field.

HEP will be able to provide midstream services through its newly acquired subsidiaries, Texas Pipeline and Bottom Line Services. Both subsidiaries operate primarily in the Eagle Ford Shale in South Texas.

Spectrum has completed the reprocessing of approximately 9000 km of regional 2D seismic data from the Italian sector of the Adriatic Sea on a Multi-Client basis.

Spectrum has secured a significant 2D seismic acquisition capacity with Seabird for expansion of their Multi-Client library, together with a re-let agreement for Spectrum’s vessel, the GGS Atlantic.

Coal is surging ahead with the recovering economy, but many challenges lie ahead. Gordon cope examines how prospects for US coal are looking up.

Hays Oil and Gas have found that the majority of people do not believe that companies do enough to promote women into senior management positions.

Australia has reduced its forecasts for coal production and exports for the financial year ending June 2012 as its coal mining industry still reels from the effects of severe flooding at the beginning of the year.

BP today announced that it has reached agreement with Weatherford U.S., L.P. to settle potential claims between the companies related to the Deepwater Horizon accident.

South America is emerging as a growing world player in the oil and gas industry. With discoveries of new reserves across the continent, Brazil, Venezuela, Colombia, Chile, Peru and Argentina all look set to prosper.

Taryn Evans, AKE, takes a brief look at the differences between regions in terms of the threat posed to foreign personnel engaged in energy projects by kidnap and ransom.