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Oil & Gas

UK oil & gas companies upbeat for short-term growth

Over the next two years UK oil and gas companies anticipate that they will create as many as 39,000 new jobs.
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TransCanada wins firm natural gas transportation commitments for ANR

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.
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BP to close Australian refinery in 2015

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

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

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

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

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

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

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

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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