Oil & gas news

A brief outline of the conclusions drawn at the American Petroleum Institute’s Annual Meeting.

Subsea UK’s chief Alistair Bernie has highlighted Britain’s’ great potential in the emerging offshore renewables market and also our shortfalls. By his estimation, the UK is in danger of repeating the same mistakes it made when the North Sea first started opening up.

According to Russian government documents, Novatek will begin construction of an LNG liquefaction plant on the Yamal peninsula in 2012.

The UK government has announced that it will be looking to invest in a raft of different energy technologies to fill the UK’s energy needs including new nuclear power sites.

Alexander A. Ignatov, Ignatov & Co. Group, Russia, examines the major players competing in mine privatisation, following the Ukrainian Government’s planned reorganisation of the coal market

Fraser Bomford & Samantha Wolreich, AKE Ltd., examine the oil and gas exploration possibilities that Afghanistan has to offer.

Secretary of the Interior Ken Salazar has determined it is appropriate that deepwater oil and gas drilling resume, provided that operators certify compliance with all existing rules and requirements, and demonstrate the availability of adequate blowout containment resources.

The CEO of Chesapeake Energy Aubrey McClendon has said that the most significant natural gas and oil shale fields in the US have already been found, and that investors should not wait around for major new discoveries.

Fluor has been selected to develop a conceptual master plan for a potential 5 GW solar farm in South Africa.

According to reports, 1355 small coal mines were shutdown in the first three quarters of this year as part of efforts to restructure China’s mining industry.