Oil & gas news

Essar Group, through its subsidiary Essar Minerals, Delaware, has announced an agreement to acquire US coal producer Trinity Coal Partners LLC from energy and commodities-focused fund, Denham Capital, for US$600 million.

New research from Douglas-Westwood predicts a global deepwater expenditure of US$ 167 billion between 2010 and 2014 - up 37% on the preceding five years.

Polskie LNG SA has been receiving bids and arranged finance for Poland’s first LNG terminal to diversify gas supply.

Saudi Aramco has awarded Baker Hughes a two year contract for two fit for purpose underbalanced coiled tubing drilling packages designed to re-enter existing wells in the gas fields of southern Saudi Arabia.

A round up of news from BP as the company discusses the Coega refinery and 2010 financial plans.

A brief look at some of the recent refinery news from the European oil and gas industry.

FMC Technologies, Inc. has signed an agreement with Total Exploration and Production Angola for the manufacture and supply of subsea production equipment.

With the drilling of a single well (6-BR-63A-RJS) Petrobras has discovered two new oil accumulations in reservoirs located in the Campos Basin, one in post-salt and the other in a pre-salt region.

Following the arrival of the Ocean Guardian in Falkland waters on 19 February 2010, Desire Petroleum has announced that the Liz 14 /19-A exploration well has been spudded.

China is to focus more heavily upon developing renewable energy sources under a ten-year renewable energy promotion campaign.