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Oil & Gas

French refiners report $945 million losses in 2013

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Cheap U.S. natural gas and competition from Asia and the Middle East have dealt a heavy blow to the European refining sector, with French refineries alone losing about EUR700 million ($945 million) last year.
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Half of fracking wells in water-stressed areas

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According to a new report by green investment group Ceres, hydraulic fracturing is fueling demand for water that many areas in the United States are unable to meet, since they are already water-stressed.
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Researchers look into possible link between Texas earthquakes, injection wells

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Researchers at Southern Methodist University have been collecting seismic data linked to the series of small earthquakes northwest of Fort Worth, Texas, in an attempt to determine whether they are related to wastewater injection wells.
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GE to invest $8 million in gas equipment manufacturing facility

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Energy giant GE is planning to invest $8 million through its GE Oil & Gas Inc. unit on the expansion of its manufacturing facility in Schertz, Texas.
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Research links fracking to birth defects in babies

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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.
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Regulator fines companies for misclassifying crude oil

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

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Between October and December there were 182 M&A deals closed, worth a total of $115.9 billion.
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Shell looking to sell $1 billion stake in Gulf Coast pipeline

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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.
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Study dispels myth about disproportionate wastewater production from fracking wells

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Natural gas wells where hydraulic fracturing is used generate less wastewater per unit of gas recovered compared to conventional wells.
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TransCanada ponders rail shipments if Keystone XL pipeline gets rejected

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If the Keystone project is rejected, TransCanada will move on to build rail terminals in Alberta and Oklahoma and will start shipping by rail, its CEO Russ Girling said.
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