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Oil & Gas

Middle East oil industry key for global growth, expert says

Part of the Western world is underestimating the importance of the Middle East as a result of the shale revolution in the United States but this may be too hasty a reaction.
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Fracking accounts for half of total water consumption in some Texas counties

Oil and gas companies in Texas may face a severe shortage of water for their fracking operations if they continue to drill at current rates, according to a new report.
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Shell sells Australian refinery to Vitol

Energy giant Royal Dutch Shell is to sell as many as 870 service stations and its Australian refinery to Swiss oil company Vitol. The deal is worth approximately $2.6 billion.
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EIA launches interactive fracking well map

The U.S. Energy Information Administration (EIA) has rolled out a new interactive map of the United States where the public can explore all fracking wells located across the country, including those that are currently being developed.
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North Dakota well spills oil, fracking fluid

A hydraulic fracturing well in North Dakota started leaking fracking fluid and oil on February 13, spilling an estimated 200 barrels of oil per day.
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North American oil & gas production to grow by 1.8% through 2035

North American oil and gas production will continue to grow over the next two decades, at an average annual rate of 1.8 percent, a new report by consultancy firm ICF International reveals.
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Sempra Energy LNG export facility in Louisiana gets green light

A liquefied natural gas (LNG) export facility will be built in Cameron Parish, La., by California-based natural gas company Sempra Energy.
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Kentucky gas pipeline explosion injures two, destroys homes

The pipeline is operated by Houston, Texas-based Columbia Gulf Transmission, part of Columbia Pipeline Group, and is located about 20 feet under the surface.
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Phillips 66 announces two midstream projects in Texas

U.S. oil and refining giant Phillips 66 is planning a shift in focus, moving away from production of refined products and concentrating on energy transportation and processing infrastructure.
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French refiners report $945 million losses in 2013

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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