Interesting engineering news and general interest to get you through the week. » Latest Engineering News » Mining, Oil & GasMining, Oil & Gas Where would we be without the benefits that mining, oil and gas have provided us. This is an important sector, providing energy to keep our society going.
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Clipped to the Drawing Board by Ryan
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WHAT else could you ask for apart from a personal fortune of $9.3 billion, an Order For Merits To The Motherland Of The IV Degree and the presidency of your own ice hockey franchise? Maybe a 15 per cent-plus stake in aspiring iron ore miner Fortescue Metals Group ?
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Thursday 6 September, 2007 11:39 AM |
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Clipped to the Drawing Board by Sean
WOODSIDE Petroleum has cut the largest export deal in Australian history, with plans to sell up to $45 billion worth of gas to China.
The agreement with PetroChina is for the potential sale of two to three million tonnes of LNG a year from the Browse project, offshore Western Australia, which Woodside operates.
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Thursday 6 September, 2007 11:37 AM |
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Clipped to the Drawing Board by Adam Crighton
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Municipalities and industries such as oil and gas are employing robots to gather new data on old pipelines.
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Wednesday 5 September, 2007 01:00 AM |
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Clipped to the Drawing Board by Sean
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9/3/2007 4:14:49 AM Monday, the United Kingdom-based supplier of downhole technology to the oil and gas industry Sondex plc (SDX) disclosed that it got an offer from GE Energy, a unit of the U.S.-based diversified conglomerate General Electric Co. (GE), to be acquired for 4.60 pounds sterling or US$9.27per share.
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Monday 3 September, 2007 09:57 AM |
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Clipped to the Drawing Board by John William
THE giant Shell group is planning to sell its share of Gorgon LNG to China in deals worth billions of dollars.
Chinese President Hu Jintao is expected tomorrow to witness the signing of preliminary sales and purchase agreements between Shell and potential Chinese customers.
Mr Hu arrives in Perth tonight as part of a state visit to Australia, culminating with the APEC leaders' summit in Sydney later in the week.
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Monday 3 September, 2007 09:53 AM |
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Clipped to the Drawing Board by JW
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CALGARY -- Nexen Inc . yesterday hiked the expected cost of the first stage of its Long Lake oil sands development for the fourth time in 13 months, saying that the project is now expected to cost as much as $6.1-billion.
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Monday 3 September, 2007 01:00 AM |
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Clipped to the Drawing Board by John Chadwick
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Johannesburg - The world's biggest diamond , believed to be twice the size of the Cullinan Diamond, has reportedly been discovered in the North-West Province of South Africa.
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Wednesday 29 August, 2007 11:54 AM |
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Clipped to the Drawing Board by Ali Hamoud
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INDIA'S desperate quest for uranium got an unexpected boost yesterday when scientists reported the discovery of an "exceptionally high concentration" deposit in Ladakh, a frozen Himalayan region that forms parts of disputed Jammu and Kashmir.
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Tuesday 28 August, 2007 11:19 AM |
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Clipped to the Drawing Board by Dillon Smatcher
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Aug. 24 (Bloomberg) -- BHP Billiton Ltd ., the world's biggest mining company, said growth in sales to India is outpacing gains in China as the southern Asian nation requires more coal and nickel to meet rising demand.
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Monday 27 August, 2007 01:00 AM |
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Clipped to the Drawing Board by Adam Crighton
Uganda can now produce more than 30,000 barrels of oil per day following the discovery of more oil by the Irish company, Tullow Oil.
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Friday 24 August, 2007 11:24 AM |
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Clipped to the Drawing Board by Administrator
Rio Tinto has defied treacherous credit markets to raise a record-breaking $40 billion (£20 billion) to finance its takeover of Alcan, the Canadian aluminium producer.
The bumper amount raised by the British miner represents the biggest ever loan to a UK-listed company and the fourth-largest worldwide, according to Dealogic, the investment banking data provider.
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Friday 24 August, 2007 11:19 AM |
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Clipped to the Drawing Board by Ali Hamoud
The search for oil and gas in Kenya has been startled as a major player-Australia's independent Woodside Petroleum pulls out from exploring the coast for oil reserves.
Woodside Petroleum announced yesterday that it was abandoning its oil wells in Kenya and three other Africa countries to concentrate in liquefied natural gas (LNG) business.
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Friday 24 August, 2007 11:17 AM |
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Clipped to the Drawing Board by Ali Hamoud
TORONTO (CP) _ Once the Hebron oil field off the Newfoundland‘s coast gets into production, it will pump an estimated 150,000 to 170,000 barrels per day of heavy crude that will be worth billions of dollars over the life of the project.
That amount of crude will be a mere drop in the bucket compared with the estimated 3.5 million barrels per day that Canada is expected to produce in a few years, with Alberta‘s oilsands contributing the vast majority of the total.
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Thursday 23 August, 2007 09:55 AM |
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Clipped to the Drawing Board by John William
WOODSIDE Petroleum is considering abandoning its foray into Africa to focus on its growing Australian gas business.
The company, which yesterday reported an interim profit of $610.1 million, spent more than $100 million on exploration in Africa in the first half but most of the wells it drilled were failures. 
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Thursday 23 August, 2007 09:43 AM |
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Clipped to the Drawing Board by Administrator
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Anglo-Australian mining group BHP Billiton Ltd . reported Wednesday net income climbed 28% during the last year on the back of strength in commodity prices and said it didn't expect much fallout from current market turbulence.
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Wednesday 22 August, 2007 09:24 AM |
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Clipped to the Drawing Board by Ali Hamoud
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Just a year and a half ago, the oil and gas fields belonged to a Canadian company. But then, in a highly controversial takeover, China's state oil company CNPC became the main shareholder of PetroKazakhstan .
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Wednesday 22 August, 2007 01:00 AM |
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Clipped to the Drawing Board by Administrator
Published: 17 Aug 07 - 0:00
The South African conveying industry is in a very healthy state at present, with a high demand for conveyors, says Conveyor Manufacturers Association of South Africa (CMA) chairman Simon Curry.
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Monday 20 August, 2007 11:49 AM |
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Clipped to the Drawing Board by Administrator
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As hope dims for the six miners trapped by a coal mine collapse in central Utah, engineers and seismologists are grappling with the broader implications of the Crandall Canyon Mine accident and the interplay of risks they say are mounting in the newer, deeper generation of coal mines , especially in the West.
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Friday 17 August, 2007 10:11 AM |
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Clipped to the Drawing Board by John Chadwick
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MINING giant BHP Billiton is in talks to take up a 25per cent stake in a $US615million ($733million) bauxite mine and alumina refinery in India's eastern Orissa province.
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Thursday 16 August, 2007 11:19 AM |
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Clipped to the Drawing Board by John Chadwick
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Mir-1 made the first ever manned descent to the ocean floor at the North Pole. Once there, over two miles down, the crew planted a one-metre tall Russian flag in the sea-bed, made of rust-proof titanium alloy. Ignore the politics in this article and focus on the Engineering - Pretty impressive
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Wednesday 8 August, 2007 11:42 AM |
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Clipped to the Drawing Board by Ryan
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News reports say a crude oil storage tank exploded as two teens were jumping on it, hurling the youths to their deaths. The tank, owned by Pinnacle Oil Company, exploded during a party in Routt National Forest. The victims were identified as Samuel and Christopher, 17 and 19. Now this begs the question, if you were designing a tank, would you take events like this into consideration when developing it?
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Sunday 5 August, 2007 12:51 PM |
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