Oil & gas news

Despite the risks, Russian oil is once more where the action is for Western firms, with a spate of high-profile deals inked in the first quarter of 2011.

Qatargas is to supply additional 4 million tonnes of LNG, equivalent to sixty plus conventional LNG cargos to Japan to help it meet its energy needs.

The US Environmental Protection Agency has announced a settlement with the Tennessee Valley Authority to resolve alleged Clean Air Act violations at 11 of its coal-fired plants in Alabama, Kentucky and Tennessee.

Halliburton has been awarded a contract by Statoil to provide integrated drilling and well services offshore Norway with options up to eight years in duration with extended scope and activity.

The US oil and natural gas industry is working to help address the nation’s economic challenges according to the API.

FES International, a global provider of fluid transfer systems, has secured a US$ 4 million deal with Total to supply DBSCs to be installed on Total’s new FPSO unit, which is based at the CLOV oilfield, off the West coast of Africa.

Contango Oil & Gas Company announced today that it has committed to invest up to US$ 20 million over the next two years, in a joint venture that will acquire, operate, explore, and develop onshore unconventional shale operated and non-operated oil and natural gas assets.

The Kashagan oilfield is projected to be the second largest in the world after Saudi Arabia’s Ghawwar field; production in the country could reach dizzying heights when the field is properly tapped.

Landlocked Mongolia is the most sparsely populated country in the world, but has vast mineral resources. Ng Weng Hoong analyses growing investments in the country.

The Government of China is planning to amass a 5 million t emergency stockpile of coal. According to the China Economic Herald, the Government has asked top producers, including Shenhua Eenergy, to begin stockpiling to help alleviate bottlenecks that limit the available supply during peak demand seasons.