Mining, 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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LEYSHON Resources managing director Paul Atherley has confirmed the company is considering a Hong Kong listing to help fund development of the 70%-owned $US50 million Zheng Guang gold-zinc project in northern China and to try to take advantage of the precipitous share price multiples Chinese investors are assigning to producing gold companies.
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Tuesday 24 June, 2008 05:44 AM |
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Metso has signed an agreement with GE Energy to acquire GE's Lachine Main Plant, a heavy fabrication and machining facility located near Montreal, province of Quebec, Canada. The transaction is expected to close in mid-August. The parties have agreed not to disclose the financial terms. The acquired assets will be integrated into Metso Minerals' Mining business line. |
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Tuesday 24 June, 2008 01:43 AM |
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The fallout is continuing from a major gas pipeline explosion on June 3 at Varanus Island, 100 kilometres off the north-west coast of Australia. The state of Western Australia has lost one-third of its gas supplies, shutting down or dislocating a range of industries and throwing thousands out of work.
Despite the crisis entering its third week, the state Labor government of Premier Alan Carpenter and the company that runs the gas plant, US energy giant Apache Energy, have still offered no explanation as to what caused the explosion. |
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Monday 23 June, 2008 11:41 PM |
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BEIJING - The Ministry of Finance said late Friday it allocated another 3.78 billion yuan (548 million U.S. dollars) in subsidies to help low-income families against the latest fuel price hikes announced a day earlier.
Of the total, 1.85 billion yuan will go to urban low-income families, and the rest will be offered to such families in rural areas, the ministry said. |
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Sunday 22 June, 2008 07:07 PM |
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A local manufacturer of steel products for the mining industry, VR Steel, has expanded its footprint inter-nationally with the establishment of VRC Mining Equipment, a China-based company that will make dragline buckets, hydraulic and rope-shovel buckets and truck bodies for the East Asia and Pacific regions.
VRC Mining Equipment is a partnership between VR Steel and Connaught Engineer-ing (CE), a manufacturing and engineering company based in Hong Kong. VR Steel has a 66,67% stake in VRC Mining Equipment. |
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Saturday 21 June, 2008 05:33 AM |
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New Brunswick's energy exports account for 57% of the Canadian province's overall exports, and this percentage is set to grow thanks to several recent developments. A new terminal being built by Canaport LNG; a proposed second refinery to be built by Irving Oil; and the proposed construction of a second reactor at Point Lepreau Generating Station, along with ongoing refurbishment of the existing reactor will all help the province become one of North America's leading energy exporters. |
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Friday 20 June, 2008 03:23 PM |
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An engineering expert has claimed corrosion is a common factor in gas pipeline explosions, as Apache Energy refused to discuss pictures which purportedly show that the damaged pipe metal was as thin as a “matchstick”. |
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Friday 20 June, 2008 11:21 AM |
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As President Bush calls for repealing a ban on drilling off most of the coast of the United States, a shortage of ships used for deep-water offshore drilling promises to impede any rapid turnaround in oil exploration and supply. |
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Friday 20 June, 2008 01:13 AM |
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High oil prices may spell the death knell for major new additions to global gold reserves , according to one of Australia's foremost equities analysts. Addressing the 2008 Paydirt Gold Conference in Perth, Western Australia, earlier this year, corporate analyst and equities market author, Peter Strachan, said oil-reliance could hamper future growth in gold production volumes. |
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Tuesday 17 June, 2008 03:46 PM |
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Wartsila North America Inc. began detailed engineering and manufacturing on a 163 MWe gas-fired power plant for Pacific Gas and Electric Co. (PG&E). Plant construction could begin later this year and be completed in the fall of 2009. Construction cost is estimated at $250 million, or around $1,500/kW. Coming to PG&E: A Wartsila 18V50DF dual-fuel engine.
In April 2006 Wartsila was selected to deliver the power plant to PG&E. The project has been subject to the approval of the California Public Utility Commission and environmental permits issued by the California Energy Commission. All approvals have now been received. |
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Monday 16 June, 2008 11:18 PM |
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How animal droppings are being used to overcome the threat of polluted mine waters and save lives in the poorest parts of the world.
You heard it here first: llama dung lies at the heart of one of the more unusual solutions to a worldwide pollution problem – an idea dreamt up by Prof Paul Younger at Newcastle University.
Younger and the research team he first established in 1992 are now renowned for pioneering community-based projects to remedy water pollution in abandoned mines and similar industrial and post-industrial sites, using ecologically friendly methods. |
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Monday 16 June, 2008 03:04 PM |
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When BP (BP) announced on June 10 that its massive Thunder Horse offshore oil and gas production facility would ease into operation June 14, the milestone came both ahead and woefully behind schedule. |
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Monday 16 June, 2008 01:02 PM |
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New Delhi: State-owned Bharat Heavy Electricals Ltd (Bhel) is close to receiving an order for 50 onshore oil rigs from West Asia, expected to be worth around Rs5,000 crore and the firm’s first significant win in a business where it sees significant opportunity—oil exploration and production.
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Friday 13 June, 2008 05:01 AM |
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GE Oil & Gas' PII Pipeline Solutions is introducing more flexible service offerings to help pipeline operators better evaluate potential third-party mechanical damage (dents), the single-most significant integrity threat to both liquid and gas networks globally.
With operators struggling to evaluate the large population of dents in their networks, GE is offering innovating integrity engineering solutions to more accurately measure the severity and potential threat of dents reported by in-line inspection runs. |
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Wednesday 11 June, 2008 01:00 PM |
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Expanding the presence of its large combined-cycle technology in Spain, GE Energy will supply a turnkey power station to Endesa Generación, S.A. that will add 840 megawatts of capacity to the country’s electricity grid. This output will be largely used by Barcelona, the capital of Catalonia and the city that leads Spain in electricity consumption. |
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Friday 6 June, 2008 03:05 PM |
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It's among the great ironies of modern life. In order to fuel our twenty-first century global society, we rely profoundly on fossil fuels that are millions of years old.
Most scientists believe that the oil, coal and gas we use to generate electricity, run our cars and transport food began their existence as ancient plants and algae. Buried under heavy layers of sediment, they transformed chemically under immense heat and pressure into rich sources of fuel. |
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Thursday 5 June, 2008 09:51 PM |
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We asked our readers: With gas prices at $4 a gallon , should the U.S. do more to utilize its own oil resources? Here are your responses: |
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Thursday 5 June, 2008 09:32 AM |
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Kuwait will consider integrating its new 615,000-barrel-a-day refinery at Al-Zour with a massive petrochemicals complex if the refinery is changed to produce a full range of products.
The $15bn Al-Zour refinery, which is currently under construction, is primarily geared towards providing fuel oil for the state's power plants. However, the discovery of the state's first non-associated gas reserves in 2006 has since led to hope that Kuwait will be able to use gas for power generation instead, enabling Al-Zour to produce other products. |
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Saturday 31 May, 2008 09:03 PM |
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The University of Dayton Research Institute (UDRI) has joined forces with the US Air Force Research Laboratory to develop a process to create jet fuel from coal and biomass.
Funded by a $10m grant, researchers at the new Alternative Aerospace Fuels Research Facility plan to design and construct a coal and biomass gasifier for the production of synthesis gas, and hope to have it up and running early in 2010.
We note that back in 2003, South Africa's Sasol claimed a breakthrough with synthetic jet fuel from coal and a search on Google brings up a multitude of sites - anyone got more information? |
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Friday 30 May, 2008 01:18 PM |
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Despite the absence of enabling laws and robust enforcement of local content, Nigerian investors still build factories to produce steel and pipe products for the oil and gas industry.
Nigerian participation at all levels of the oil and gas industry is dismal, one of the lowest levels of indigenous involvement in the world.
While it is a cash cow, the oil and gas industry is also prohibitive in its costs, with huge technological and financial barriers to entry. |
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Friday 30 May, 2008 07:38 AM |
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FMC Technologies , Inc. has received an award to supply the subsea production system for Petrobras’ Tambaú gas field. The award has a value of approximately $140 million in revenue to FMC Technologies.
The subsea production system, rated at 10,000 psi, will be installed in approximately 4,400 feet (1,350 meters) of water in the Santos Basin offshore Brazil. FMC Technologies’ primary scope of supply includes four vertical subsea trees, with an option for two additional trees, as well as manifolds, controls and associated equipment. The project will be engineered and manufactured at FMC Technologies’ facility in Rio de Janeiro. Deliveries are expected to commence in the fourth quarter of 2009. |
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Wednesday 28 May, 2008 12:13 PM |
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