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Oil & Gas

Keystone XL might be exposed to malicious actions, report warns

June 6, 2014
Once constructed, TransCanada's proposed Keystone XL oil pipeline could be at risk of attacks that might threaten water supplies to a large number of households, according to a new report.
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EIA: Refineries unable to deal with increasing proportion of light crudes

June 5, 2014
Production of U.S. light crude oil and condensates is likely to continue dominating the domestic oil market, accounting for the majority of extra oil extracted over the next two years.
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Research to examine if dilbit spills cause more damage than regular crude

June 4, 2014
A U.S. federal agency has announced it will be starting a study into the potential impact of spills of diluted bitumen (dilbit) produced in Alberta's oil sands on the environment and public health.
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Texas regulator clears gas company over alleged methane contamination

June 4, 2014
The amount of methane in many private water wells in North Texas has increased since 2011 but this rise cannot be linked to oil and gas drilling operations in the state.
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North Carolina to criminalize disclosure of fracking chemicals information

June 3, 2014
The North Carolina Senate has approved a proposal filed by three Republican state senators to criminalize the disclosure of confidential information concerning the type of chemicals used in hydraulic fracturing.
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IHS: Lifting export restrictions on US crude oil would be smart move

June 3, 2014
Lifting the restrictions on U.S. crude oil exports would be a wise move, says market and economic information provider IHS.
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US companies led the world in fracking technology patents in 2013

June 2, 2014
U.S. oil and gas services companies were the most active filers of patents for fracking technology last year.
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New rules imposed on Keystone XL after detection of pipeline defects

June 2, 2014
Two new conditions have been added by safety regulators to the 57 already agreed regarding the construction of TransCanada Corp.'s Keystone XL oil pipeline.
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Exxon focuses on LNG sales on Asian spot market

May 28, 2014
Exxon Mobil Corp. has been involved in negotiations with customers in Asia regarding sales of liquefied natural gas on the spot market.
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EIA cuts recoverable oil projections for Monterey Shale by 96%

May 28, 2014
Many experts believe this could be a heavy blow to the burgeoning industry that had projected 2.8 million new jobs and an extra $24.6 billion annually in tax revenue.
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