Oil & gas news

Chatham House has released a new report that discusses the uncertainties the oil and gas industry will face over the next 10 years.

LNG imports into Europe have reached a record high of 302 billion ft3 in November 2010.

Charles T. Drevna’s comment on a ruling made by the US Court of Appeals Association.

Babcock & Wilcox Conversion Services have been awarded a five year US$ 428 million contract for uranium conversion services.

Chevron Corporation has announced a US$ 26 billion capital and exploratory spending programme for 2011. Approximately 85% of the 2011 spending programme is for upstream oil and gas exploration and production projects worldwide. Another 10% is associated with the company's downstream businesses.

Xstrata plc has announced that it has approved the US$ 1.36 billion development of the Ravensworth North opencast mine in the in the Upper Hunter Valley of New South Wales, Australia.

CNOOC has acquired a 50% interest in Exoma’s Queensland portfolio of coal seam gas and shale gas exploration blocks; it will contribute AU$ 50 million towards exploration costs as part of the agreement.

Husky Energy Inc. has announced that its wholly owned subsidiary, Husky Oil China Ltd., has signed a Heads of Agreement with China National Offshore Oil Corporation (CNOOC), specifying the key principles of cooperation for funding and operation of the Liwan 3-1 deep water gas field development.

The series of exploration successes for RWE Dea in Norway continues. Having already made a major gas discovery in the Zidane licence area in mid-September, the semisubmersible drilling rig Bredford Dolphin just made another discovery in the Titan prospect (PL 420), with a promising oil discovery.

Osyka Corporation has found its recently acquired interests in the Placedo East field in Texas to be gas-productive.