Oil & gas news

EXCO has announced a deal worth US$ 355 million to acquire acreage in the Haynesville and Bossier Shale from Southwestern Energy.

Despite significant recent progress towards the promotion of carbon capture and storage technologies, increased cooperation between Government and industry is essential to meet the G8 goal of launching 20 CCS demonstration projects by the end of the year.

The US$ 7.6 billion pipeline deal between Iran and Pakistan goes ahead without India – contrary to the original plan conceived in the 1990s.

Yemeni ministers have met with the South Korean Ambassador to Yemen to inform him that they wish to renegotiate the selling price of Yemeni LNG.

The two companies have signed a deal worth US$ 400 million to exploit the Eagle Ford Shale, in which Hilcorp already own 100,000 acres.

The DOE has offered loan guarantees to geothermal projects in Nevada and Oregon to help them get off the ground.

The Tennessee Department of Environment and Conservation (TDEC) has announced penalties against the Tennessee Valley Authority (TVA) for the coal ash spill at its Kingston’s plant in 2008.

The Kentucky Geological Survey (KGS) at the University of Kentucky has completed a broad assessment of geologic factors affecting Kentucky’s potential for permanent storage of carbon dioxide. It also addresses the potential use of carbon dioxide for increasing recovery of oil from Kentucky fields.

New report says Britain could cut greenhouse gas emissions to zero by 2030, creating hundreds of thousands of new jobs and regaining energy security.

Asciano has secured a new long-term contract with Anglo American to haul 16.5 million tpa of coal in Queensland, Australia. The company expects the agreement to generate over AU$ 775 million in revenue.