Oil & gas news

Sable Mining Africa Ltd has acquired a 49% interest in Liberation Mining (Pvt) Ltd, holder of the 16,545 ha. Special Grant 4977 which covers the Lubimbi coal project in the Gwaai area of the Kariba coal basin in Zimbabwe.

The Petrobras Board of Directors has given the go-ahead for the bidding process to award contracts for up to 21 offshore drilling rigs to be built in Brazil, and to meet the company's exploratory and production development needs.

Statoil ASA has decided to divest a 24.1% direct and indirect stake in Gassled joint venture (jv) for US$ 3.25 billion. Following this transaction, Statoil will continue to own 5.0% in the jv.

Kosmos Energy announces today that the company’s Banda-1 exploration well has discovered oil offshore the Republic of Ghana on the West Cape Three Points Block.

Petronet LNG Ltd and Gazprom Global LNG have concluded a memorandum of understanding for the long term supply of 2.5 million tpy of LNG for up to 25 years.

Hyundai Heavy Industries has won a US$ 600 million order to build two 155,000 m3 LNG carriers, and has another order from Rowan Companies for two drillships worth US$ 1.12 billion.

The American Petroleum Institute has commented that the US Environmental Protection Agency’s regulations on ozone and greenhouse gases are top threats in job growth.

For many industry and government leaders, the evolution to the smart grid seems inevitable. But without similar progress on security, the industry faces major challenges.

McDermott International, Inc. announced today that one of its subsidiaries was awarded a contract by PEMEX Exploración y Producción for procurement, construction and installation of three oil and gas pipelines ranging from 8 to 20 in. in diameter, in Mexico’s Bay of Campeche.

Shell has given notice to a Technip Samsung Consortium (TSC) to proceed with the construction of the first FLNG facility in the world.