Oil & gas news

Chevron Corporation has sanctioned the development of its US$ 4 billion Big Foot development.

Over the next 20 years, South Africa intends to drastically reduce the use of coal as the country’s prime energy-fuel, and 30 years thereafter virtually remove it altogether from the energy-fuel mix. Barry Baxter asks if this could really happen.

The Caspian Pipeline Consortium is to expand its pipeline capacity to 67 million tpa at a cost of US$ 5.4 billion. The expansion will allow Kazakhstan to increase it oil exports.

Lanco Infratech Ltd, a major Indian infrastructure company, has acquired Western Australian coal miner, Griffin Coal Mining Co. Pty Ltd and Carpenter Mine Management Pty Ltd (Griffin Coal).

Churchill Mining has completed the purchase of the land to be used as the site of the future port facility for the shipment of coal from the East Kutai coal project. When complete, the port will be capable of handling 30 million tpa of coal and offer direct access to international markets.

Tullow Oil and its Jubilee partners are celebrating First Oil from the Jubilee field today. The first shipment is expected to be exported in January 2011.

Clean Coal technologies has signed an MOU to license its clean coal technology to Huamin Senior Funding Group, of China for US$ 1.5 million.

The Government of Rwanda has secured loans to help increase its national power output and develop its geothermal resources.

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.