Oil & gas news

Solar Energy Ltd has announced that it is moving into the lucrative market for uranium exploration to exploit the worlds growing need for power and the US renaissance of nuclear power.

Following results from the first coke tests at its Zambeze coal project, Riversdale Mining has announced that the project will produce hard coking coal. The results come from two coal seams, and the company plans to test the remaining seams in Q1 2011.

Peabody energy will expand production at its Gateway mine, Illinois, by 40% to 4.5 million tpa to meet demand. The expansion is expected to cost US$ 175 million.

The upstream oil and gas sector is faced with “challenges of enormous scale” that the global industry must tackle if it is to provide safe, smart and sustainable supplies, while also continuing to explore and develop new territories and frontiers.

Leighton Contractors has been awarded a contract by Chevron Australia to deliver the civil and underground works package for the Gorgon Project valued at more than $800 million.

Singapore is building up the infrastructure to become a major LNG hub for the Asia-Pacific region, as well as being a prolific consumer of LNG in its own right.

Upstream players are calling for a simpler and more unified computing environment to help them manage information overload, according to a Microsoft Corp. and Accenture survey.

Vattenfall will be opening the world’s largest offshore wind farm today off the Kent coast, southern England.

FMC Technologies, Inc. has signed an agreement with Total Exploration & Production Angola for the manufacture and supply of subsea production equipment for the CLOV development project.

After the two nations’ premiers met in New York this week, they have agreed to go ahead with a Qatar-led LNG project in Sri Lanka.