Oil & gas news

Eight miners trapped underground for over seven hours have been freed in western Colombia.

The sale of these interests is part of BP's plan, announced in July 2010, to divest up to $30 billion of assets by the end of 2011. Before today's agreement, BP had already announced sales agreements totalling around US$ 25 billion.

BG Group, BP, Chevron, ConocoPhillips, ExxonMobil, Petrobras, Shell, Statoil and Total have signed an interim agreement to jointly develop well-capping technology.

Total and ExxonMobil have signed a partnership for the exploration of shale gas in two licensing areas in the Lublin Basin in South eastern Poland.

The President’s plan includes increased development in the Gulf of Mexico and Alaska, as API recognises the strategy as progressive, but with significant limitations.

API believes that the new study understates the potential damage that would be caused should taxes on the US oil and gas industry be raised.

Envoi seeks specialist company for strategic entry in largely unexplored CBM resource potential, onshore U.K.

Charles T. Dreva issues a statement strongly criticising Senate proposals to eliminate tax deductions for oil and has producers and refiners.

An underground coal mine has reopened in Alabama after ceasing operations at the end of April due to extreme weather in the southern US.

API president and CEO said the plans would damage the American economy and energy security.