Dart looks to spin off international assets

ASX-listed Dart Energy on Thursday told shareholders that it would undertake a “substantial restructure” of the company, including listing its international portfolio of coal bed methane projects on the Singapore Stock Exchange, following a...

Sasol wants to explore for shale gas in the Karoo

Gas-to-liquids (GTL) producer Sasol has applied to explore for shale gas in the Karoo, together with Chesapeake Energy and Statoil ASA. The application is for an onshore right to search for the natural shale-based gas, which has already caused...

Bright future for African coal - AfDB

Coal production in Africa will increase at an average of three percent a year to 2011, on rising demand especially from Asia, a senior African Development Bank official forecast on Friday. A sharp increase in oil prices, which touched a record...

US gas price a boon for coal-fired power

High natural gas prices are proving a boon for the many US utilities that still generate electricity the old-fashioned way - burning coal.