Oil & gas news

CAMAC Energy has acquired Allied Energy Resources oil mining lease for the Oyo field offshore Nigeria.

Carbon Trust launches global challenge to improve access to offshore wind turbines and improve Round 3 economics.

The Mining Association of BC has congratulated the international rescue team, which freed the 33 miners stuck underground in Chile.

IFC Invests $75 million in Xinjiang Goldwin as part of the company’s initial public offering on the Hong Kong stock exchange.

OKK Koksovny a.s. (OKK), Europe’s largest producer of foundry coke and subsidiary of New World Resources N.V. (NWR), a leading hard coal and coke producer, has commenced trial operations at its new coke battery at the Svoboda coking plant in Ostrava, the Czech Republic.

New Zealand coal miner, Solid Energy, will recommence exploration drilling in the Croyden coalfield, Southland, to increase its understanding of the lignite resources located there. The programme of drilling will provide information to help the miner make decisions about how to mine the lignite to meet the quantity and quality requirements for its various lignite conversion projects.

Golar LNG has been selected as the successful bidder to build the West Java FSRU project by Nusantara Regas.

US gas prices are increasing but in the long-term such high prices are unsustainable, as there is likely to be continued investment in exploiting new resources which will bring prices down and demand is likely to fall if the American economy does not pick up.

Statoil has acquired the Eagle Ford Shale assets of Enduring Resources LLC, in partnership with Talisman Energy Inc.

GDF SUEZ is to supply China’s CNOOC with 2.6 million t of LNG over four years, starting in 2013.