Oil & gas news

New research from Policy Exchange shows that Britain and the EU are only on course to meet international carbon targets because emissions have been ‘off shored’ to countries like China.

Plantation Energy Australia has signed a four year supply deal with Mitsui & Co., worth over AU$ 70 million.

Taryn Evans, Central and Latin America analyst for AKE, examines the stability of US oil imports from Latin America.

Walter Energy Inc. has announced an acquisition proposal and exclusivity agreement with Western Coal Corp. It has also agreed to acquire a 19.8% stake in Western Coal from Audley Capital.

Williams has acquired 85,800 acres of core Bakken shale from private owners for US$ 925 million, and expects to invest a further US$ 300 million developing the assets.

The head of the Australian Geothermal Energy Association has called for more funding for the geothermal industry in line with the grants received by the solar and clean coal industry.

The UK is on target to meet its target of deriving 15% of its generated power from renewable sources by 2020 according to a report by The National Grid.

CB&I Lummus has been awarded a FEED contract for the Shtokman LNG storage and loading facility at the seaport in Terriberka in the Murmansk region of the Russian Federation.

Foster Wheeler AG has been awarded a contract to design and supply a solar steam generator system (preheaters, drum-type evaporators, and superheaters) including interconnecting piping, valves, primary I&C, steel structures, and site advisory services for a plant located in Abu Dhabi, UAE.

Continental Coal’s South African subsidiary has completed the US$ 35 million acquisition of unlisted South African thermal coal mining and export coal producing company, Mashala Resources.