Oil & gas news

In the largest single deal by an Indian company in Australia, Linc Energy has agreed to sell its Galilee Basin coal deposits to India’s Adani Enterprises in a deal worth up to AU$ 3 billion.

Foster-Wheeler awarded contract to assist with initial technical development and conceptual design of a new Uruguayan LNG terminal to feed both Uruguay and Argentina.

The EU has agreed a deal on the financing and timetabling of a fusion reactor project in southwestern France.

Western Gas has agreed to pay Anadarko US$ 498 million to acquire its 1734 mile Wattenberg gathering system.

Ultra Green has unveiled new technology that can potentially clean up the majority of the estimated 4 million bbls of oil spilled in the Gulf of Mexico by the end of September.

Hunnu Coal has announced the results of coal quality analyses performed on samples taken from the due diligence drill cores at the Tsant Uul coking coal project. Initial test results demonstrate similarities to coals at the giant Tavan Tolgoi field.

Ocean Power Technologies has been awarded a grant for further development of its Powerbuoy wave power technology.

Peabody Energy has approved the expansion of the Wilpinjong thermal coal mine in New South Wales, Australia, which is expected to increase production by 2 – 3 million tpa from 2012 as part of the company’s push to increase Australian production to 35 – 40 million tpa by 2014.

Frank Clemente Ph.D, examines the economic, environmental and social benefits of using coal.

The Digest of United Kingdom Energy Statistics 2010 is published today by the Department of Energy and Climate Change.