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Oil & Gas

BP to close Australian refinery in 2015

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BP has announced plans to close down its refinery in Brisbane, citing an inability to compete with large refinery complexes in the Asia Pacific region.
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EPA calls for detailed review of LNG export impact on emissions

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The U.S. EPA has urged the Federal Energy Regulatory Commission to assess the potential indirect greenhouse gas effect that liquefied natural gas exports from a Louisiana project may have on the environment.
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Kinder Morgan to build new carbon dioxide pipeline

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Kinder Morgan Energy Partners will invest approximately $1 billion as a part of an expansion project that seeks to enhance its oil recovery program.
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New York State urges EPA to review oil spill contingency plans

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The need for an improved contingency plan is pressing, as more crude is being shipped from the Bakken shale through New York to refineries in the south, according to New York State Department of Environmental Conservation Commissioner Joe Martens.
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US accounts for 10% of global oil production

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The nation's average daily output of tight oil between October and December last year stood at 3.22 million barrels per day.
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Report: Middle East oil & gas companies excel at risk management

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The report examined the comparative risk quality of oil, gas and petrochemical facilities located in the Middle East, in comparison to more than 500 similar facilities globally.
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Europe may reconsider stance on fracking

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Recent political events in Ukraine and Russia's involvement may cause some EU member-states to reconsider their stance towards hydraulic fracturing.
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Citgo faces $197 million fine for Lake Charles oil spill

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Oklahoma-based refiner Citgo Petroleum Corp. may face a $197 million fine for the 2006 oil spill at its refinery in Lake Charles, La.
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EPA settles air pollution violations with Texas refinery

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Flint Hills Resources will pay a $350,000 fine and invest in equipment that will control air pollution by recovering and recycling waste gases.
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Texans hold 80% of state's oil production revenues

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Texas has as much as $140 billion in "petro-wealth" in producing petroleum reserves, a new analysis from Austin, Texas-based company Blackbeard Data Services reveals.
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