Oil & gas news

API comments on the recent US tax recommendations.

Grain LNG, owned by National Grid Plc, has completed a capacity expansion plan worth £310 million. The terminal can now handle 20% of the UK’s annual gas demand.

In the last year a number of territorial disputes, which had been quietly ignored before the financial crisis, have come back to prominence; the disputes have been further exacerbated by the presence of oil in some instances.

Icthys LNG project, which is owned by INPEX Browse and Total, has released the invitations to tender for the project's gas processing facility on Blaydin Point, Darwin, Australia.

Minnesota Power has ordered 15 turbines from Siemens for its Bison 1 wind farm in North Dakota.

The African Continent’s west coast has long been an oil rich haven for oil companies from the west to exploit, yet now with the continual discoveries of oil rich deposits in the east, companies are turning their attention to countries like Uganda, Tanzania and Mozambique to source large quantities of Africa’s oil reserve.

Drilling of the exploration well 6603/5-1S on the Dalsnuten prospect in license PL392 in the Norwegian Sea by Noreco has been concluded. The well did not encounter reservoir rocks and was dry.

Enel Green Power has opened a new 20 MW geothermal power plant in Chiusdino, doubling the geothermal power the company generates in Tuscany, Italy, after the opening of the Radicondoli 2 geothermal station at the start of the month.

China is increasingly looking to exploit its native reserves of unconventional gas but this development will not match the pace of the US.

Beach Energy and ITOCHU Corporation have identified various sites for a proposed LNG facility after discussions with the South Australia government and a visit to proposed sites.