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Oil & Gas

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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Report identifies 327 accidents in Louisiana refineries in 2012

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Overall, these accidents led to two million pounds of air pollution and over 12 million gallons of water pollution, a report by the Louisiana Bucket Brigade claims.
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Massachusetts looks to impose 10-year fracking ban

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A bill presented by the Massachusetts Joint Committee on Environment and Natural Resources looks to impose a temporary ban on all hydraulic fracturing operations until at least 2024.
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US methane emissions exceed EPA estimates by 50%, study finds

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The study revealed that much of the excess gas comes from livestock, from refining operations and from leaks from oil and gas drilling wells.
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