New Zealand: offshore oil discovery
Canadian-based oil explorer Trans-Orient Petroleum Ltd has found shale rock with the potential to contain billions of barrels of oil on New Zealand's East Coast.
Sterling begins work in North Sea
Sterling Resources Ltd, headquartered in Calgary, Alberta, Canada, has reported that operations on the Cladhan exploration well on Block 210/29a in the UK Northern North Sea have commenced, with the arrival of the Transocean 704 semi-submersible rig at the site.
Addax takes interest in Iraq
Addax Petroleum Corp., based in Calgary, Alberta, Canada, has taken a one-third interest in the Sangaw North production sharing contract in the Kurdistan region of Iraq.
Texas plant sets record
The South Texas Project (STP) has set a new US nuclear industry record by completing four consecutive breaker-to-breaker production runs by repeatedly operating both its units continuously between refuellings.
Covert Generating sells
Michigan, US-based New Covert Generating Co., LLC is agreeing to sell its 1100MW, natural gas-fuelled combined-cycle generating plant to an independent power producer.