View Cart (0 items)

Oil & Gas Industry Update

US Northeast in need of new pipeline capacity

May 5, 2014
Pipeline construction in the U.S. Northeast is lagging behind natural gas production, according to the U.S. Energy Information Administration.
Read More

Oil & gas industry contributes £35 billion annually to UK economy

May 2, 2014
Although oil prices are persistently high and production is declining in the UK, the outlook for the oilfield services industry is very positive.
Read More

Japan launches first fracking operations

April 11, 2014
Commercial production of shale oil in the northern prefecture of Akita will start at a much smaller scale than in the United States.
Read More

Global refining industry outlook predicts growth in 2014, 2015

April 9, 2014
Chinese refiners are predicted to add the largest proportion of new refining capacity planned globally in 2014/2015, with the launch of a further 1.2 million bpd.
Read More

Bakken Shale oil production to hit 1.7 million Bpd in 2020

April 9, 2014
Oil reserves worth approximately $118 billion are still lying under the Bakken/Three Forks Shale play system in Montana and North Dakota, according to a new estimate by research and consultancy group Wood Mackenzie.
Read More

TransCanada wins firm natural gas transportation commitments for ANR

April 7, 2014
Calgary-based pipeline operator TransCanada Corp. has secured long-term commitments for the transportation of nearly 2 billion cubic feet of natural gas per day via its ANR pipeline system.
Read More

US accounts for 10% of global oil production

March 28, 2014
The nation's average daily output of tight oil between October and December last year stood at 3.22 million barrels per day.
Read More

EPA ends new contract ban on BP operations

March 17, 2014
Oil giant BP and the U.S. Environmental Protection Agency (EPA) have signed an agreement regarding legal procedures following the Deepwater Horizon oil spill in the Gulf of Mexico in 2010.
Read More

Oil & gas industry missing opportunities to cut methane emissions, consulting firm says

March 7, 2014
ICF International estimates that methane emissions in the industry could be reduced by up to 40% for a total cost of less than a penny per thousand cubic feet.
Read More

US refiners boost capacity of existing facilities

March 5, 2014
Although the U.S. has not built a large refinery for decades, existing processing facilities are constantly expanding their capacity in a bid to meet demand for increasing fuel production.
Read More