Oil & gas news

Following constructive discussions with the mining industry, Australia's newly appointed prime minister, Julia Gillard, has moved to scrap the controversial Resource Super Profits Tax (RSPT), replacing it with a Mineral Resource Rent Tax (MRRT).

National Coal Corp. has started construction of Mine 12, which is expected to produce up to 40,000 t of coal per month when completed.

The Exmar consortium, which won the contract to build an LNG terminal in Jamaica, is having to defend itself against allegations of impropriety in the bidding process.

Venezuela has won the OPEC’s first ever international quiz, as part of celebrations to mark the 50th anniversary of the group’s formation.

Xcel Energy has started its demonstration plant to showcase the viability of such a hybrid plant.

Senate action on domestic energy sources imperils jobs and economic growth.

Subsea UK is calling for greater support from the UK government to support the sector and help promote its future growth.

The Department of Energy and the Department of the Interior have announced an MOU, which will strengthen the two departments working relationship on offshore renewables.

Foreign firms have started to leave Iran as new economic sanctions come into force.

Foster Wheeler has been awarded the contract to carry out the pre-FEED work on the Cameroon LNG project.