News archive for August, 2006

Drilling firm expands use of protective mats

August 28th, 2006
Drilling firm expands use of protective mats

A major energy producer is expanding its use of moveable wooden mats where it sinks new natural gas wells in western Wyoming.
For the past nine months, EnCana Corp. has been laying down 8-by-12-foot mats built from planks around its drilling rigs to help sensitive plants recover more quickly from the booming natural gas development.
[...]

Aboitiz power unit to bid for Masinloc coal plant

August 28th, 2006
Aboitiz power unit to bid for Masinloc coal plant

ABOITIZ Equity Ventures Inc. will participate in the new bidding for the 600-megawatt (MW) Masinloc coal-fired power plant, provided that there are attached supply contracts for at least 50-percent of the plant’s capacity.
AEV executive vice president and chief operating officer Erramon Aboitiz said 50 percent, or at least 300 MW, of the plant’s capacity should [...]

Bangladesh towns shut after coal mine protestors killed

August 28th, 2006
Bangladesh towns shut after coal mine protestors killed

Thousands of farmers took to the streets across northern Bangladesh over the fatal shooting of at least five people protesting against an open-pit coal mine.
Hundreds of paramilitary and police stood guard outside coal mining firm Asia Energy in Phulbari where security forces allegedly shot into a crowd of protestors Saturday who tried to storm the [...]

Statoil Extends Cooperation with Odfjell Drilling

August 26th, 2006
Statoil Extends Cooperation with Odfjell Drilling

Statoil has chosen Odfjell Drilling as strategic partner for further development of cooperation in the Norwegian sector of the North Sea. The objective of this cooperation is to improve safety, maintenance, operations and technology within the area.
Statoil emphasizes Odfjell Drilling’s focus on continuous improvement and e-operations as the reason for this partnership. Odfjell Drilling is [...]

Norway’s PSA Grants Drilling Consent to Norsk Hydro

August 26th, 2006
Norway’s PSA Grants Drilling Consent to Norsk Hydro

Norway’s Petroleum Safety Authority has granted consent to Norsk Hydro to conduct exploration work and use the Transocean Winner for production drilling on Fram Vest. Consent has also been granted for Hydro to use the Songa Dee for production work at the Troll Field.
Both semisubs have received the Acknowledgement of Compliance to drill offshore Norway.
The [...]

India: Jindal Drilling considers scheme of amalgamation, arrangement

August 26th, 2006
India:  Jindal Drilling considers scheme of amalgamation, arrangement

Jindal Drilling and Industries Ltd today said it has considered the scheme of amalgamation of Discovery Hydrocarbons Pvt Ltd and Newsco Newtech Pvt Ltd with itself.
The board of directors at its meeting held today also took on record the scheme of arrangement (demerger) between Haryana Engineering Ltd (name changed to Haryana Capfin Ltd) and itself, [...]

Gastar Exploration has successful results from latest Bossier drilling activity

August 26th, 2006
Gastar Exploration has successful results from latest Bossier drilling activity

Gastar Exploration Ltd. has drilled the Wildman Trust #2 well located in Leon County, Texas to a total depth of 19,500 feet and, based on preliminary analysis of electric logs and gas shows encountered during drilling, the well encountered approximately 220 net feet of apparent pay with high indicated porosity in three separate middle Bossier [...]

Protesters pan Perry plan on coal plants

August 26th, 2006
Protesters pan Perry plan on coal plants

About 70 protesters denounced Gov. Rick Perry’s plan to speed approval for coal-burning power plants at a Capitol rally Friday, trying to push the issue into the governor’s re-election race.
Democrat Chris Bell told the crowd that the state deserves a governor who will not mortgage its future health “to benefit a few professional polluters who [...]

Bumi scraps $2.3b deal to sell coal companies

August 26th, 2006
Bumi scraps $2.3b deal to sell coal companies

PT Bumi Resources, Indonesia’s biggest coal exporter, has canceled a US$3.2 billion deal to sell its two coal mining units to a consortium of local companies led by PT Renaissance Capital following a prolonged delay in the closing of the transaction.
Bumi’s finance director Eddie Soebari told The Jakarta Post on Friday that his company was [...]

Arch Coal invests in coal-to-liquid

August 26th, 2006
Arch Coal invests in coal-to-liquid

Arch Coal Inc. of St. Louis, the nation’s second-largest coal company, has taken a 25 percent stake in DKRW Advanced Fuels LLC.
In exchange, Arch has agreed to extend its existing option agreement with DKRW Advanced Fuels, to secure coal reserves for two additional coal-to-liquid projects outside of the Carbon Basin, and to invest $25 million [...]


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