Oil & gas news
NASA applies space technology to produce algae-based fuel
NASA has been applying space technology to a process that links the production of algae-based fuel with an inexpensive method of sewage treatment. This is done by growing algae in plastic containers filled with sewage floating in the ocean.
The race for West Africa
West Africa has emerged as one of the hottest battlegrounds for the world’s major powers in their race to corner increasingly scarce oil and gas resources. Ng Weng Hoong details the major players vying for oil and gas resources in West Africa.
Total has discovered oil in the Lac Da Nau prospect offshore Vietnam
Total has announced that its subsidiary, Total E&P Vietnam, and its partners on Block 15-1/05, have discovered oil in the Lac Da Nau prospect, located in the southern part of the block offshore Vietnam.
The biggest opportunity since diamonds?
CIC Energy’s Mmamabula project could be the most significant economic milestone in Botswana’s development since the diamond mines opened. However, the project has had to cut back its potential by 50% and could face further uncertainty unless South Africa lets its power generator, Eskom, play a strong card soon.
BG Group announces record productivity for Santos Basin interests
BG Group and partners Petrobras and GALP have completed two drill stem tests on the Iracema well in the BM-S-11 appraisal area in the Santos Basin pre-salt, offshore Brazil. The well in-flow performance recorded during the tests was the highest achieved so far in BG Group's Santos Basin interests.
UK nuclear reactor deal: contract expected to go to US
Westinghouse has now selected one of its largest shareholders as the lead contractor to build nuclear reactors in the UK. Originally, it was thought that Fluor would be awarded the contract.
Light oil discovery in the Campos Basin
Petrobras has completed the drilling of extension exploratory well 3-MA-32A in the Marimbá field, Campos Basin. The amount of recoverable oil has been estimated at 25 million bbls, which will increase Marimbá field's recoverable volume by 27%.
New gravity-based LNG terminal
GE Oil & Gas powers the world’s first offshore gravity-based LNG terminal.
SSE unveil plans for the UK’s biggest carbon capture trial
Scottish and Southern Energy has announced that it will submit a planning application to develop the UK’s biggest carbon capture trial facility. The trial, which will be held at its Ferrybridge coal-fired power plant in Yorkshire, England, is planned to begin in 2011.
Arch Coal and GNP sign lease on Otter Creek reserves
Arch Coal has agreed to lease the 9600 acres of GNP’s coal resources in Otter Creek, southeastern Montana, US. It is reported that the agreement could encourage Gov. Brian Schweitzer to lease adjacent coal tracts owned by the state.