Oil & gas news
Nevada geothermal to purchase Iceland America Energy’s geothermal assets
Nevada Geothermal Power Inc. (NGP) and Iceland America Energy, Inc. (IAE) have signed an agreement giving NGP the exclusive right to purchase a 100% ownership of IAE’s geothermal assets in the Imperial Valley, Southern California, for US$ 4,150,000.
Technip awarded an EPIC Subsea contract for the Gygrid project
Statoil has awarded Technip a contract worth approximately €90 million, for the Gygrid field development in Norway.
Centrica signs £ 2 billion LNG supply contract with Qatar
Centrica has entered into an agreement for a three year contract with Qatargas to deliver 2.4 million tpa of LNG to the UK Isle of Grain facility.
Petrobras to search for light oil on the West Coast of Africa
Petrobras has acquired a 50% interest in Block 4, located on the west coast of Africa.
Russia to begin producing power from coalbed methane
The first coalbed methane (CBM) to energy project in Russia celebrated its grand opening in Kemerovo Oblast.
Fluor awarded FEED contract for Browse LNG
Fluor Offshore Solutions unit will be responsible for FEED services for the offshore central gas processing facility for the Browse LNG project.
BHP Billiton acquires shale acreage
BHP Billiton has agreed to acquire all of Chesapeake Energy Corporation's interests in the Fayetteville Shale, USA.
The Global Shale and Unconventional Gas Story at Gastech 2011
As European shale plays gain momentum and Asian energy providers continue to invest in US shale projects, it is a crucial tipping point for the future of the unconventional gas source on the global scene.
Competitive salaries reveal the UK oil and gas industry in strong recovery
New studies in The Salary Guide evidence a strong recovery curve in the UK oil and gas industry, while competitive salaries allow engineers to thrive.