Oil & gas news

Doosan Babcock had announced it will undertake a major carbon capture project with Basin Electric Power Cooperative. The project will commence in January.

Devon Energy Corp. has announced a pre-salt oil discovery in the Campos Basin, offshore Brazil. This initial exploratory well was drilled to a total depth of 16 240 ft and encountered approximately 240 ft of oil column.

JFE Steel Corp. will acquire a 20% stake in the Byerwen coal project from QCoal Pty Ltd. JFE has also agreed an off-take contract that will supply JFE with 2 million tpa or premium hard coking coal from Byerwen.

Shell have been awarded a technical co-operation permit for a one-year study to investigate the hydrocarbon potential in parts of central South Africa.

Lukoil and Statoil secured the winning bid on the gigantic West Qurna 2 field in Iraq.

The US EPA has delayed its decision on regulating coal ash waste from power plants. A decision was expected before the end of the year but, due to the complexity of the analysis involved, the agency is still actively working on parts of the proposal.

Total has announced the discovery of hydrocarbons in the southern portion of the Oil Prospecting Licence (OPL) 223, offshore Southeastern Nigeria.

Major downstream investments have been announced by Petrolera Argentina, Husky Energy and Ecopetrol.

Chevron Corp. has announced an additional natural gas discovery in the Carnarvon Basin offshore Western Australia.

Macarthur Coal Ltd, has announced a number of acquisitions which will significantly increase their operations and market capitalisation.