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Oil & Gas Industry Update

New York State bans fracking

The decision by New York Governor Andrew Cuomo follows years of debate over the pros and cons of fracking and was based on health concerns.
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BOC opens LNG plant in Queensland

Gases, chemicals and equipment supplier BOC opened a new liquefied natural gas (LNG) processing plant in southern Queensland, Australia, on Dec. 2.
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New discovery could make oil refining more efficient

A new technique developed by scientists in the United Kingdom and the United States could significantly reduce the amount of energy used in the refinement of crude oil.
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US shale gas production overtakes non-shale

Shale gas wells became the largest source of total natural gas production in the United States last year, surpassing production from non-shale natural gas wells.
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New gathering, processing facilities planned for Eagle Ford Shale

Navitas Midstream Partners, LLC is to build new gathering and processing facilities in the Eagle Ford Shale.
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TransCanada files application for pipeline to Eastern Canada

TransCanada Corporation has filed a formal application to build a new pipeline that would carry 1.1 million barrels of oil per day from Alberta and Saskatchewan to refineries in Eastern Canada.
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Technip wins two ethane cracker contracts

Technip will provide its technology and expertise to two U.S. ethane cracker facilities under new contracts announced by the Paris-based company this week.
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Western Gas to acquire Nuevo Midstream for $1.5 billion

Nuevo Midstream, LLC, a company that gathers, treats, processes, transports and markets natural gas, is to be acquired by Western Gas Partners, LP.
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Public opposition impacts tar sands development

Development of tar sands in North America has proved controversial, with opposition commonly taking the form of blockades, petitions and calls for businesses and organizations to divest their interests in the industry.
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Gazprom to take over huge gas storage facility in Germany

Russian natural gas giant Gazprom will acquire Western Europe's largest underground gas storage facility this fall, according to media reports.
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