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US overtakes Saudi Arabia, Russia as world's largest oil producer

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According to a new report by Bank of America Corp., record output of oil from shale rock formations is fueling economic growth for the U.S.
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Quantum Energy to invest $2.5 billion in 'micro refining' units

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North Dakota oil field development specialist Quantum Energy Inc. is planning to take advantage of the abundant Bakken Shale oil reserves and build five "micro refineries" that will produce ready-to-export fuel.
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U.S.-Canadian joint venture completes pipeline from Oklahoma to Gulf Coast

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Houston, Texas-based Enterprise Products Partners and Canadian Enbridge Inc. have completed the construction of a 512-mile section of the Seaway Pipeline system, running from Cushing, Oklahoma, to the Jones Creek terminal near Freeport.
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Foster Farms recalls chicken products after new Salmonella case

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Californian poultry company Foster Farms has agreed to start a voluntary recall of unspecified amounts of chicken products, after months of investigation and reported illnesses linked to products manufactured by the company.
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UK agencies look into risk of water contamination through fracking

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The British Geological Survey and the Environment Agency have published the results of a large-scale study into the risk of drinking water being contaminated by fracking operations.
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Colorado regulator halts wastewater injection due to earthquake link

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Colorado officials recently suspended injections of fracking wastewater underground, following the discovery that disposing of wastewater in a local well might be linked to seismic activity in the area.
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North Dakota to introduce gas flaring restrictions

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The North Dakota Industrial Commission is introducing new regulations on the maximum amount of natural gas that oil and gas companies will be allowed to burn off in the process known as flaring, in an effort to reduce the overall amount of gas burned off within the state.
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PPG Industries to take over Mexican coatings manufacturer

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U.S. chemicals maker PPG Industries Inc. announced it has reached an agreement to take over Mexican architectural and industrial coatings firm Consorcio Comex for $2.3 billion.
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BASF to sell stake in joint venture to Ineos

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Swiss-based multinational chemical company Ineos is to buy out BASF's 50-percent stake in Styrolution -- the joint venture formed by the two companies in 2011.
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Report raises concerns over safety of energy drinks

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The Center for Science in the Public Interest (CSPI) has warned that excessive consumption of energy drinks may have grave consequences and even result in death.
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