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Oil & Gas

Oil & gas industry contributes £35 billion annually to UK economy

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Although oil prices are persistently high and production is declining in the UK, the outlook for the oilfield services industry is very positive.
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Environmentalists warn of possible pollution, safety risks at Albany terminal

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Environmental groups and residents of Albany, New York, have called on the state Department of Environmental Conservation to tighten control over possible air pollution at the Port of Albany.
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Williams Partners announces pipeline expansion to Louisiana LNG terminal

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Williams Partners announced plans for an expansion of the Transco pipeline to deliver natural gas to the new liquefied natural gas (LNG) export facilities planned by Cheniere Energy Partners at Sabine Pass in Louisiana.
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Shale emerges as top revenue driver for oilfield companies

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More than half of U.S. oil field services companies and 40 percent of independent upstream producers see shale development and production as a crucial component of their business.
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Texas oilfield services firm announces plans to disclose fracking chemicals

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The news comes as other oil and gas industry players have declined to reveal the components of their fracking fluids, claiming they are trade secret.
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TransCanada frustrated with another Keystone decision delay

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The U.S. Department of State announced on April 18 that there would be another process delay, due to the fact that eight more federal agencies had been asked to weigh in on the matter.
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Regulators look into radioactive waste disposal at oil & gas production sites

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As production of oil and gas rises across the U.S., environmental and public health groups have been pressing for tighter regulation on radioactive waste.
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DOT accuses oil companies of holding back rail safety data

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The U.S. Department of Transportation (DOT) claims that oil companies are not providing all the information regulators need to effectively assess the safety of crude oil transportation by rail.
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Natural gas wells contribute significantly to methane emissions, study finds

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A new study suggests that methane emissions from natural gas wells are higher than expected, raising concerns that drilling and production of the fuel might be contributing to climate change.
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Report reveals projected impact of crude oil exports on US economy

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The report found that if crude oil exports were allowed the cost of gasoline and diesel fuel would drop, enabling Americans to save an average of $5.8 billion per year.
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