Oil & gas news

Canadian mining company Teck Resources has lowered its coal and copper sales outlook for 2011.

The number of dead from a collapsed mine in southwest Pakistan has risen to 45, according to officials.

Novatek has executed a call option agreement for the right to purchase the remaining 25.1% stake in Yamal LNG for US$ 526 million.

Pertamina and PT Perusahaan Listrik Negara (PLN) have established a joint venture to build 8 mini LNG plants and supply PLN with natural gas.

The world's largest plant to turn natural gas into cleaner-burning fuels and lubricants took a major step closer to production today when gas began flowing from a giant offshore field.

Technip was awarded by Chevron Indonesia Company Ltd. a FEED contract for two floating production units located offshore Indonesia in the Gendalo and Gehem fields.

John Holland has been awarded a AUD$150 million subcontract for the construction of marine offloading facilities as part of Gladstone LNG’s proposed Curtis Island LNG facility.

Aker Solutions is to supply Statoil’s Norne Field project with control umbilicals. The contract is worth NOK 200 million (£ 21.9 million).

The Joint Industry Project (JIP), which was initiated by DNV during Singapore Maritime Week in 2010, mobilised a consortium of 16 participants from all parts of the LNG value chain. The project has investigated the potential for LNG in South East Asia.

CB&I announced today that the company has been selected by Yamal LNG LLC to provide FEED services for the Yamal LNG project. The work is scheduled for completion in the first quarter of 2012.