Master Investor 2013, the UK’s leading investment show, returns on Saturday April 27th at the Business Design Centre in London. And as a Minesite subscriber you could be attending for free! To claim a free pair of tickets (worth £40) CLICK HERE and enter the Promotional Code OIL2013
For more details on the unrivalled speaker line up and exhibiting quoted companies visit the Master Investor website.
The oil and gas industry is a dangerous business. All the systems and processes in the world can't eliminate the element of risk from an industry that involves drilling deep into the ground to release highly pressured hydrocarbons whilst also battling some of the most extreme climatic forces on the planet, be it iceberg strewn seas, North Sea gales or the frozen wastes of deepest Siberia. When it goes wrong, it can go so terribly, catastrophically wrong that the names are seared into the public consciousness: Piper Alpha, Macondo
Power generation, and delivering significant cost savings to mining companies and others is now the name of the game at Wasabi Energy, but it hasn’t always been that way.
The December oilbarrel.com conference saw a presentation from Greenpower Energy, which is developing an emissions free coal-to-liquids project in Victoria, Australia using technology developed by General Electric under a defense department funded research project. Delegates may have felt a certain deja vu on Thursday when Altona Energy presented its coal-to-liquids plans, this time using a vast coal resource in South Australia.
As China prepares for its festive season and welcomes in the year of the snake, its economy is in a healthy shape and its global positioning is gaining strength. Stronger than expected trade data from China this week helped boost the oil price and in early trading on Friday, Brent crude was above US$117 with WTI holding around US$96 a barrel.
These are interesting times for CBM Asia Development, which after the disappointments of 2012 hopes to deliver first pilot production this year. The name says it all, really: the TSX Venture-quoted company is targeting the development of coal bed methane in Asia, specifically Indonesia, where it has bagged a series of promising leases in the coal-rich country, close to existing infrastructure, including the Bontang LNG export terminal from which BP is delivering CBM for sale into Asian markets.
AIM small cap Tangiers Petroleum continues to move its Tarfaya block off the coast of Morocco up the value chain. The company has now completed processing recently acquired 3D seismic data, confirming its belief that these shallow waters are home to company-making volumes of oil.
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