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Russia’s thermal coal demand seen tripling by 2020
Demand for thermal coal in Russia, the world’s fifth-largest coal miner, could more than triple by 2020 as the country invests billions of dollars to expand its power network, industry officials said on Monday. Thermal coal supply would rise by more than 50 percent and the proportion of exports in overall output from the world’s [...]
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 [...]
Staffing Is Main Constraint to Oil Output, Schlumberger Says
The biggest constraint to expanding global oil and gas production is a lack of trained younger and mid-career workers in the oil industry, said the head of the world’s largest oil-field-services company, Schlumberger Ltd.
The U.S., Canada, Russia and the Middle East have the largest supply deficits in “petro-technical” staff while China, India and Indonesia have [...]
Xstrata, Japan agree steady Australia coal price
Coal miner Xstrata Plc has agreed with major Japanese utilities to keep its Australian thermal coal prices steady this year at about $52,50 a tonne, setting a likely industry benchmark after drawn-out talks.
The price for supplies in the Japanese fiscal year to March 2007, coming more than three months after it was meant to have [...]
