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  • Chevron Signs Korean LNG Deal for Wheatstone Project
    News - 20 Jul 2010
    Chevron has signed a deal to supply liquefied natural gas (LNG) to a Korean Gas company from its Wheatstone project off the Pilbara in Australia's North West. The Korea Gas Corporation (KOGAS)...
  • BP Fits New Containment Cap in Gulf of Mexico Leak
    News - 12 Jul 2010
    BP says it's pleased with the progress being made in trying to contain the Gulf of Mexico oil leak with a new lower marine riser package (LMRP) containment cap over the Deepwater Horizon's...
  • BP Looks to Middle East for Funds
    News - 7 Jul 2010
    Tony Hayward of CEO of BP is now trying to marshal new funds from the middle east. He is looking to the Gulf as a way to help pay for the cleanup operation of what is being called the worst oil spill...
  • BP Seeks Financial Help from Deepwater Horizon Partners
    News - 5 Jul 2010
    As the economic burden of the cleanup effort in the Gulf of Mexico grows exponentially BP is now seeking financial help from other partners related to the disaster. The well was owned 25 % by...
  • Oil Price Slides on Economic Growth Concerns in U.S. and China
    News - 4 Jul 2010
    With both China and the U.S. slowing down economically the price of oil has been sliding on a slippery path. As the two largest energy consuming countries curbed their demand for oil most people are...
  • Out With RSPT and in With Minerals Resources Rent Tax
    News - 4 Jul 2010
    In a major breakthrough for the Australian government, Prime Minister Julia Gillard managed to reach an agreement with the mining industry. The 40% tax proposed by Mr. Kevin Rudd on all resources has...
  • AGL Makes $123 million Bid for Mosaic Oil
    News - 1 Jul 2010
    AGL Energy Ltd is hoping to purchase Mosaic Oil NL. AGL is Australia’s largest energy retailer and it has offered an AUD $123 million conditional cash bid to the local junior Mosaic Oil Ltd. The...
  • New U.S. Legislation Targets Problem Mines
    News - 29 Jun 2010
    The new proposed mining law came about after the disastrous explosion at a West Virginia mine operated by Massey Energy Co. on April 5, 2010 and the explosion on April 22, 2010 at Deepwater Horizon...
  • Royal Dutch Shell Committed to Deep Water Drilling
    News - 28 Jun 2010
    As a storm threatens the cleanup operation of the BP oil spill in the Gulf of Mexico, the boss of the Royal Dutch Shell Company Peter Voser, said that it was unlikely that deep water drilling would be...
  • Tropical Depression Alex Causes Concern for Gulf Clean Up
    News - 28 Jun 2010
    Tropical depression Alex is being viewed with some concern by both BP and the US Coast Guard as it moves into the southwestern gulf. Alex is likely to make BP’s clean up drive and oil collection...

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