Oil & gas news

The program for the annual event held in Denver, Colorado on May 24 – 27 is released.

API’s senior tax advisor warns that higher taxes will not help to lower prices, and could damage the US economy.

American Petroleum Institute president comments on efforts to develop US oil and natural gas resources.

Arch Coal Inc. has announced that it has established a new subsidiary, Arch Coal Asia-Pacific Pte. Ltd., and named Renato Paladino president.

New Zealand miner, Solid Energy, will seek to acquire the assets of Pike River Coal, according to a company statement, but acknowledges that there are considerable challenges to bringing the mine back into production.

Nexans has been awarded a 4.8 million euro contract by Norske Shell to supply the 6.5 km infield umbilical for the Ormen Lange North Field project. The Ormen Lange natural gas field on the Norwegian Continental Shelf started production in 2007.

ABB, the leading power and automation technology group, has won a $151 million order from the energy company Eni Congo SA to engineer, build and commission a new natural gas compression station and treatment plant in the Republic of Congo.

API president believes the study’s finding are especially relevant given the current debate on energy taxes and access to domestic reserves.

As first quarter earnings are made public, API states that the oil and gas industry’s importance to the US economic recovery should not be understated.

Jurong Shipyard has secured a S$ 20 million contract from Golar LNG Energy to convert the LNG Khannur to an FSRU.