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Oil & Gas

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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Fines for pipeline safety violations hit record high in 2013

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The total value of civil penalties imposed on U.S. pipeline operators for alleged safety violations broke all records in 2013, reaching the unprecedented sum of $9.78 million.
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Oklahoma drillers to collect wastewater injection data daily under new proposal

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The Oklahoma Corporation Commission has approved new rules that would require fracking companies to record the volume of injected wastewater and the pressure at which it is injected underground on a daily basis.
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Chevron signs renewed agreement for shale development in Argentina

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U.S. energy giant Chevron Corporation has announced plans to invest more than $1.6 billion to develop shale reserves in Argentina.
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Global refining industry outlook predicts growth in 2014, 2015

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Chinese refiners are predicted to add the largest proportion of new refining capacity planned globally in 2014/2015, with the launch of a further 1.2 million bpd.
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Bakken Shale oil production to hit 1.7 million Bpd in 2020

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Oil reserves worth approximately $118 billion are still lying under the Bakken/Three Forks Shale play system in Montana and North Dakota, according to a new estimate by research and consultancy group Wood Mackenzie.
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UK oil & gas companies upbeat for short-term growth

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Over the next two years UK oil and gas companies anticipate that they will create as many as 39,000 new jobs.
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TransCanada wins firm natural gas transportation commitments for ANR

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Calgary-based pipeline operator TransCanada Corp. has secured long-term commitments for the transportation of nearly 2 billion cubic feet of natural gas per day via its ANR pipeline system.
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BP to close Australian refinery in 2015

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BP has announced plans to close down its refinery in Brisbane, citing an inability to compete with large refinery complexes in the Asia Pacific region.
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