Oil & gas news

US Energy Secretary Steven Chu sent the following letter to Senator Richard Lugar on 9th June regarding Senator Lugar’s ‘Practical Energy and Climate Plan Act of 2010’.

Siemens Energy has successfully completed the first firing of PetroAlgae Inc.’s biocrude fuel, a plant-based, micro-crop biomass material that is processed into a solid residue. The biocrude fuel was combined with pulverised coal in a pilot-scale burner with a thermal capacity of approximately 4 MBtu/hour.

Close to China and its huge demand for natural resources, Mongolia has vast untapped resources that are ripe for exploitation, including huge coal deposits. Hunnu Coal aims to help develop these resources and has recently acquired a 60% interest in the Buyan coal project, in the giant Tavan Tolgoi coking coal field in the Umnugobi Province of Mongolia.

BP’s projected liabilities for the Gulf spill dwarf those of Chevron over its toxic dumping in Ecuador.

Speaking in China, ExxonMobil’s Senior Vice President outlined the need for stronger partnerships and the use of cutting edge technology in the energy industry to access new reserves.

Yemen LNG is nearing 100% production capacity after second production train starts.

Alaska’s Governor has signed two new pieces of legislation encouraging the use of geothermal power; cutting royalty rates and deregulating renewable energy projects.

The new wind farm will have 160 wind turbines, making it one of the largest in Europe.

Xstrata has suspended some of its mining investments in response to the Australian government’s proposed new resource tax.

Baker Hughes has acquired Siberia based Oilpump Services (OPS), the second largest electrical submersible pumping (ESP) system service company in Western Siberia.