Oil & gas news

Although the financial crisis has hit both the thermal and met coal markets hard, the outlook for both markets is now more positive.

Australia's carbon trading plan has been rejected in the same week that the UN strives to make its climate proposals more manageable.

Duke Energy and China Huaneng Group will collaborate to develop gasification technology that allows carbon to be captured and stored.

Contrary to popular belief, the world is not running out of oil and gas; plenty still remains in the Middle East, Russia and Venezuela. The world is running out of cheap sources located in politically stable countries with open fiscal and regulatory regimes.

One of the key technologies for the realisation of eco-society is the production of biofuels.

BP and Martek Biosciences Corp. have signed a joint development agreement to develop biodiesel production using sugar feedstocks.

If captured and recovered for energy, coal mine methane is a cost-effective resource. Coal mines around the world are increasingly focusing on the commercially available, cost-effective opportunities to capture and use this often wasted resource.

Subsea 7 has been awarded a pipeline engineering, construction and installation contract by BP worth approximately US$ 150 million. In addition, the company has opened a new pipeline fabrication spoolbase in Texas.

South America has an impressive total of gas reserves and is increasing its production, however, the region is continually facing problems despite its desire to expand and develop.

With the long-term prospect of increasing global energy demand, securing future energy supplies has become a common global issue. For those countries with dwindling production rates or low hydrocarbon reserves, the pressure for energy security is set to increase.