Oil & gas news

Infield Systems Ltd considers how the shockwaves of the Deepwater Horizon incident will be felt across the deepwater sector.

The National Control Center for US wind farms is making use of SCADA system.

NPRA’s Drevna comments on National Journal’s Energy & Environment blog.

In spite of the furore over the Macondo spill, deepwater drilling is continuing unabated in Africa.

The most recent EIC Monitor which tracks new energy projects has found that though there has been significant investment in the sector, total investment is still down 6% since the same quarter last year.

BP has taken a pre-tax charge of US$ 32.2 billion for the Gulf of Mexico oil spill, including the US$ 20 billion escrow compensation fund previously announced.

Macarthur Coal has been forced to cancel a AU$ 110 million deal with CITIC Resources over a coal joint venture, as it has failed to secure waivers of pre-emptive rights from all minority participants.

BP has announced that Tony Hayward is to step down as group Chief Executive with effect from 1 October, 2010. He will be succeeded as of that date by fellow Executive Director Robert Dudley.

PetroAlgae have signed a three year offtake agreement with Eco-Frontier to supply biocrude from its licensees.

Anadarko have discovered oil in an exploratory well in the Owo prospect offshore Ghana.