Oil & gas news

Chevron Corporation has announced plans to acquire Atlas Energy, which will provide Chevron with an attractive natural gas resource position primarily located in the Marcellus Shale.

Shell has agreed to sell its interest in six Gulf of Mexico oil and gas fields to W & T Energy VI, LLC, a wholly owned subsidiary of W&T Offshore Inc., for US$ 450 million.

It has been reported that at least five people have been kidnapped from the High Island VII jackup rig operating off the coast of Nigeria’s southern delta. The newly installed rig is operated by Afren PLC.

US House passes a bill requiring notification of a pipeline leak within an hour; whilst raising penalties for violations.

Hancock Prospecting has opened its 100,000 t Alpha test pit. The launch represents “the historic first mining of the Galilee Basin,” in Queensland, Australia.

A letter from members of the UN High Level Advisory Group on climate change financing.

The Department of Energy and Climate Change has opened up its carbon capture and storage demonstration programme to projects on gas-fired power plants.

Morocco’s power utility, ONE, has awarded a consortium led by UK company International Power the contract to build a 1300 MW coal-fired power plant

Murphy oil has acquired a 50% interest in the Central Dohuk block in Kurdistan.

South Korea, the second largest importer of Australian coal, will reduce its dependence on the fossil fuel as part of a wide-ranging plan to green its economy.