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Oil & Gas

Chevron signs renewed agreement for shale development in Argentina

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

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

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

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

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

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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EPA calls for detailed review of LNG export impact on emissions

The U.S. EPA has urged the Federal Energy Regulatory Commission to assess the potential indirect greenhouse gas effect that liquefied natural gas exports from a Louisiana project may have on the environment.
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Kinder Morgan to build new carbon dioxide pipeline

Kinder Morgan Energy Partners will invest approximately $1 billion as a part of an expansion project that seeks to enhance its oil recovery program.
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New York State urges EPA to review oil spill contingency plans

The need for an improved contingency plan is pressing, as more crude is being shipped from the Bakken shale through New York to refineries in the south, according to New York State Department of Environmental Conservation Commissioner Joe Martens.
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US accounts for 10% of global oil production

The nation's average daily output of tight oil between October and December last year stood at 3.22 million barrels per day.
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