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Oil & Gas

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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North American fracking wastewater treatment market to reach $350 million in 2018

As oil and gas production in North America keeps rising, turning the country into the largest energy producer in the world, the industry seeks more opportunities to optimize and reduce its water use.
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Energy companies underestimate cyber security risks

Global oil companies and infrastructure operators are not sufficiently prepared to deal with cyber security threats, according to a recent analysis.
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API releases guidelines for oil & gas industry, community cooperation

In an effort to improve the public image of oil and gas companies, the American Petroleum Institute (API) has released a set of guidelines it refers to as "good neighbor standards."
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New York court allows towns to ban fracking

New York state communities will be allowed to ban hydraulic fracturing on their territories, following a ruling by the state's highest court.
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US overtakes Saudi Arabia, Russia as world's largest oil producer

According to a new report by Bank of America Corp., record output of oil from shale rock formations is fueling economic growth for the U.S.
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Quantum Energy to invest $2.5 billion in 'micro refining' units

North Dakota oil field development specialist Quantum Energy Inc. is planning to take advantage of the abundant Bakken Shale oil reserves and build five "micro refineries" that will produce ready-to-export fuel.
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