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Oil & Gas

Rosneft, PDVSA sign collaboration agreements

The two firms have agreed to establish a joint venture that will provide engineering and construction services in the oil and gas industry.
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Future growth in oilfield process chemicals market led by enhanced oil recovery

Drilling-related chemicals account for more than a third, 36 percent, of the overall market. This category includes drilling fluids, workover/completion fluids and cementing additives.
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Oregon LNG granted approval for global exports

The U.S. Department of Energy (DOE) authorized the company to export up to 1.25 billion cubic feet per day of LNG to countries that do not have a free trade agreement with the United States.
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California regulators halt wastewater injection in local wells

Oil and gas waste injection has been halted at 11 sites in California following orders issued by the state's Division of Oil and Gas and Geothermal Resources.
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US Department of Transportation proposes new rule for crude shipments by rail

Tank cars used by oil and gas companies to transport crude oil and ethanol across the United States will have to comply with stringent new standards under new draft rules presented by the U.S. Department of Transportation last week.
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Halliburton: US fracking market turning a corner

While news about hydraulic fracturing has overwhelmingly focused on its impact on the environment, the market for hydraulic fracturing actually has exhibited behaviors typically associated with the oil and gas industry, i.e., boom and bust.
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Federal Regulators green-light east-coast offshore oil exploration

Companies to use air guns and sonic sensors to pinpoint deposits from Delaware to Florida
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Oil industry in rush to replace old tank cars

The U.S. Transportation Department has drafted rules that provision a six-year period for oil companies and railroad operators to replace old tank cars that are prone to rupture with new, safer ones, but it seems that operators have no plans to wait that long.
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US refineries should look for export opportunities amid growing competition

The market is becoming more competitive globally, as exports offer higher margins, whereas domestic feedstock is cheap and abundant but not necessarily the right type of product they need.
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Is China getting ready for a fracking revolution?

Despite its huge fortune buried in shale rock formations, China has been very slow to realize the benefits of fracking and embrace the technology.
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