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China Coal Mining Exploration, Shenhua Energy Wins Australia Coal Exploration Permit
China Shenhua Energy Co., the world’s largest coal producer by market value, agreed to pay A$300 million ($261 million) for a coal exploration license in Australia as it expands overseas to gain supplies.
Shenhua’s first foreign exploration permit is a 190-square kilometer area near Gunnedah in New South Wales state. The site is expected to contain [...]
Platts Introduces Daily Spot Coal Prices
As the price of European coal pushes to the upside of its two-year highs near $70 per metric ton (mt), Platts, the world’s leading energy information provider and top supplier of benchmark prices, is introducing daily reporting of two of its benchmark coal prices to better facilitate risk management for financial and coal-dependent industries.
“These new [...]
Platts Introduces Daily Spot Coal Prices
As the price of European coal pushes to the upside of its two-year highs near $70 per metric ton (mt), Platts, the world’s leading energy information provider and top supplier of benchmark prices, is introducing daily reporting of two of its benchmark coal prices to better facilitate risk management for financial and coal-dependent industries.
“These new [...]
Technology lifts productivity of old oil fields
The Kern River oil field, discovered in 1899, was revived when Chevron engineers here started injecting high-pressure steam to pump out more oil. The field, whose production slumped to 10,000 barrels a day in the 1960s, now has a daily output of 85,000 barrels.
In Indonesia, Chevron has applied the same technology to the giant Duri [...]
Oil Innovations Pump New Life Into Old Wells
The Kern River oil field, discovered in 1899, was revived when Chevron engineers here started injecting high-pressured steam to pump out more oil. The field, whose production had slumped to 10,000 barrels a day in the 1960s, now has a daily output of 85,000 barrels.
In Indonesia, Chevron has applied the same technology to the giant [...]
