Oil & gas news

ConocoPhillips, Shell, Exxonmobil and Chevron are planning to build a rapid response system to any future well-blowouts in the Gulf of Mexico.

Leading Central European miner, New World Resources, has announced its pricing agreement for coking coal and coke sales for Q3. Both average prices for coking coal and coke will increase on Q2 prices.

Continental Coal Ltd and EDF Trading have signed an off-take and funding agreement for all export quality thermal coal produced from Continental’s Project X, Vaalbank and Vlakvarkfontein mines for a 20 year period.

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Siemens has been awarded the FEED contract to supply coal gasification and power block technology for the Texas Clean Energy Project, a polygeneration IGCC project that will use coal as its feedstock. The project, which will have a carbon capture rate of 90%, received US$ 350 million under the US Department of Energy’s Clean Coal Power Initiative – Round 3.

BP has entered into several agreements to sell upstream assets in the US, Canada and Egypt to Apache Corporation.

Offshore wind projects in Europe have shown impressive growth in the first half of 2010 in spite of the economic crisis, however many projects are still being held back by a shortfall in investment.

BP has signed a new agreement with the Egyptian Ministry of Petroleum and the Egyptian General Petroleum Corporation to develop the significant hydrocarbon resources in the North Alexandria and West Mediterranean Deepwater concessions.

BA has entered into a partnership with Solena to acquire bio jet fuel to run it’s fleet of passenger jets.

Chevron has signed an HOA with KOGAS for LNG delivery from the Wheatstone project fro the next 20 years.