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Oil & Gas

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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EPA settles air pollution violations with Texas refinery

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

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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ICF: North America needs to increase midstream infrastructure investments

Oil and gas companies in the U.S. and Canada need to invest $641 billion in midstream crude oil, natural gas and natural gas liquids infrastructure.
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US refiners back crude oil export ban

The question of whether the ban on U.S. oil exports should be lifted has divided industry opinions for a long time, but in recent months the debate has resurfaced.
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Two workers injured in sulfuric acid incident at Tesoro refinery

The two contractors were carrying out maintenance work at a processing unit at the refinery when sulfuric acid spilled on them.
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EPA ends new contract ban on BP operations

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.
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Canadian crude unlikely to prevent North Dakota oil industry growth

If the United States moves to approve the proposed major pipelines carrying Canadian crude, the effect of the increased import of crude from north of the border may not be as significant as many industry representatives claim.
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