View Cart (0 items)

Oil & Gas Industry Update

Research links fracking to birth defects in babies

Babies born to mothers who live in areas near shale gas drilling wells are more likely to suffer birth defects, including congenital problems with their hearts and neural tube, a new study conducted by the Colorado School of Public Health warns.
Read More

Regulator fines companies for misclassifying crude oil

Crude oil transported by truck from North Dakota's Bakken region to rail loading stations is frequently misclassified, according to the U.S. Pipeline and Hazardous Materials Safety Administration.
Read More

More mergers, acquisitions in US oil & gas industry in late 2013

Between October and December there were 182 M&A deals closed, worth a total of $115.9 billion.
Read More

Shell looking to sell $1 billion stake in Gulf Coast pipeline

Royal Dutch Shell Plc is reported to be looking for a buyer for its stake in a major crude oil pipeline in the Gulf of Mexico, seeking offers worth approximately $1 billion.
Read More

Global crude oil demand to increase in 2014

This rise in consumption is attributed to demand from countries outside of the Organization for Economic Cooperation and Development, led by China.
Read More

US crude oil export ban should be lifted, Chamber of Commerce says

The pressure on the federal government to lift the ban on U.S. crude oil exports is building, after the U.S. Chamber of Commerce joined the long list of industry groups, trade bodies and organizations that are demanding an end to the restriction.
Read More

BP completes Whiting refinery modernization with new coker unit

BP has completed the upgrade of its Whiting facility in Indiana with the commissioning of a new coker that will process more Canadian oil sands crude and generate an extra $1 billion of operating cash flow per year.
Read More

API: US oil, gas industry invested $153 billion in drilling in 2012

U.S. oil and gas companies invested about $153.7 billion in drilling operations in 2012, working on an estimated 46,736 wells, according to the latest Joint Association Survey on Drilling Costs.
Read More