Oil & gas news

The IEA releases information regarding the reduced supply of crude from Libya and its effect on the wider oil market.

LNG development project in Queensland gains momentum as other companies finalise deals.

The US Environmental Protection Agency and the US Justice Department have announced that Arch Coal Inc. has agreed to pay a US$ 4 million dollar penalty for alleged violations of the Clean Water Act in Virginia, West Virginia and Kentucky.

DNV is to issue a new range of technical guidance on offshore gas terminals following the technologies rising use of FSRUs, FPSOs and SRVs in recent years.

Ras Laffan port has achieved full utilisation of its six LNG berths for the first time.

PPG Industries has announced that it has reached an agreement to lease property for development of Marcellus Shale natural gas resources at the company’s Natrium, W.Va., chemicals site.

QR National Ltd (QRN), Australia’s biggest coal hauler, has announced net profit of AU$ 278 million in the six months ending December 2010, compared to a loss of AU$ 132 million last year.

API urges a considered political response to a new study documenting the economic potential of the Alaskan OCS resources.

Information on the event based in Denver is now available online.

UPS has contracted Clean Energy Fuels to build and operate an LNG terminal in Las Vegas for it fleet of 48 LNG delivery trucks.