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Oil & Gas

Chevron to spend $39.8 billion in 2014

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This year's budget also included $4 billion for resource acquisitions that were not included in the original budget.
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California green organizations call for offshore fracking ban

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California regulators should put an end to offshore hydraulic fracturing operations because they violate state laws, according to a group of environmental organizations who have urged the California Coastal Commission to act to prevent environmental damage.
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American Chemistry Council calls for 'comprehensive approach' to safety for rail transport

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The American Chemistry Council has called on the U.S. Pipeline and Hazardous Materials Safety Administration to implement a more effective strategy to ensure rail safety and prevent incidents with trains transporting chemical substances by rail.
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US oil production hits highest level in 25 years

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Because of the shale boom in recent years, the United States is more energy independent than ever and has been able to reduce energy imports dramatically.
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Fracking uses more water than thought, study claims

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In one of the states where fracking has become a day-to-day business, authorities have found that, in order for the fuel to flow, "maintenance water" is also required.
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TransCanada launches operations at Keystone's southern leg

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The pipeline section is expected to be operating at full capacity by the end of the year and will move about 3 million barrels of oil.
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Oil & gas companies to spend more on exploration, production in 2014

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International oil and gas companies are set to increase their spending on exploration and production in 2014, with the rise being most significant in North America.
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Mexico may allow private companies to extract oil

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The proposal to amend Mexico's constitution and allow private investors access to the country's oilfields comes from members of the two largest political parties.
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US refineries benefit from rising crude production

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U.S. refineries have been exporting production at relatively high margins over the past year, allowing for further investments across the value chain.
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Fracking regulation might weaken economic growth, US Chamber of Commerce claims

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A study on the effects of oil and gas drilling operations using fracking, due to be released next year, might prevent the United States from becoming the world's most powerful energy producer, the U.S. Chamber of Commerce warns.
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