East Africa to join world gas giants

To East Africa's assets of spectacular wildlife, abundant land and shimmering beaches you can now add gas - so much gas it could transform global energy flows along with some of the world's poorest countries. Finds announced just last week off...

TSX hits highest level in nearly a month

Toronto's main stock index finished at its highest level in nearly a month on Monday as higher US natural gas prices boosted energy shares and offset losses from materials after weak US and Europe data heightened global growth fears. Energy...

Consol produces 15.7Mt of coal, meets Q1 guidance

US coal and gas producer Consol Energy said on Monday it had produced 15.7-million tons of metallurgical coal in the first quarter, despite idling longwall mining operations at its Blacksville and Buchanan mines during the period. The production...

Prepare for onslaught of Chinese mining investments

Mining companies should be looking to China as the sovereign debt and European banking crisis squeeze their traditional funding sources, an advisor that specialises in connecting Western firms with Chinese investors said this week. Strategic...

Consol to meet Q3 coal guidance

Consol Energy, the Pittsburgh-based coal and gas producer, produced 14.7-million tons of coal in the third quarter, which it said was toward the higher end of previous guidance. The company forecast the last quarter’s production would come in...

Consol sells shale royalty for $193m

Consol Energy, the US coal and gas producer, on Monday said it agreed to sell its royalty interest in the Marcellus share operation to Antero for $193-million. The 7% royalty was not a part of the joint venture the company entered into with Noble...

The Shale Gale

THE SHALE GALE – A drilling rig at Petrohawk Energy Corporation’s Eagle Ford Shale in South Texas. The world’s largest mining company BHP Billiton, headed by South African Marius Kloppers and listed on the London Stock Exchange, has made a...

Consol earnings rise

US coal and gas producer Consol Energy increased adjusted net income 69% year-on-year, to $174-million, thanks to higher revenue and sales in its coal division. Consol Energy mines coal in Utah, Kentucky, Ohio, West Virginia, Virginia and...

Consol raises outlook, shares gain

Shares in US coal and gas producer Consol Energy rose more than four percent on Thursday, after the company raised its 2011 coal production guidance based on a strong start to the year. Consol produced 15.4-million tons of coal in the second...

Santos says project pipeline could expand output by 40%

Australia’s largest domestic gas producer Santos said on Thursday that its liquefied natural gas (LNG) project portfolio had the potential to deliver a 20-million barrel oil-equivalent increase to its yearly production by the end of 2015....

Higher prices, sales boost Consol profit

US coal and gas producer Consol Energy increased first quarter profit by 92%, the firm said on Thursday, helped by increased coal prices and higher than expected sales volumes. Consol earned $192-million, compared with $100-million in the same...

Shell plans to invest up to $50bn in Australia

Oil and gas producer Shell would spend between $30-billion and $50-billion on its Australian investments to add 11-million tons a year of liquefied natural gas (LNG) to its production profile. Speaking at the last day of the Australian Petroleum...