Oil & gas news

South Korea's Daewoo Shipbuilding & Marine Engineering believes that the problems Japan has been experiencing with its nuclear reactors in the wake of the recent tsunami could lead to a further surge in orders for LNG ships.

E.ON Ruhrgas UK E&P has awarded Subsea 7 an engineering and installation contract for the Huntington Development in the North Sea.

GE Energy has entered into an agreement to acquire approximately 90% of Converteam, a leading provider of electrification and automation equipment and systems.

Icon Energy has signed a 20 year LNG sales agreement with Icon Energy to supply 40 million tonnes of LNG. The first cargo is expected to be delivered by 2016.

Iraq is planning to build three pipelines to link its key oil and gas fields to its southern export system.

The potential for Iraq to achieve its ambitious oil targets is huge, but only if the politics and infrastructure are right.

BHP Billiton has approved three key met coal projects in the Bowen casin in central Queensland, Australia.

Rebels in the East of Libya have reportedly signed an oil deal with Qatar.

Coal miners in Indonesia are urging the Government to delay its plans to introduce a rule limiting coal exports by quality.

FLSmidth has signed a contract in Jakarta worth in excess of US$ 135 million with PT Adaro Indonesia, a subsidiary of PT Adaro Energy Tbk., to supply material handling equipment to its coal mine in the Tanjung district of South Kalimantan, some 1000 km from the Indonesian capital, Jakarta.