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Oil & Gas

US demand for refined petroleum products goes up in November

December 30, 2013
Demand for petroleum products in the United States increased by 4.9 percent in November compared to the same month in 2012, reaching an average of 19.4 million barrels per day.
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Colombia's Ecopetrol to invest $10.6 billion in 2014

December 30, 2013
The investment will be used to add more crude oil reserves to the company's portfolio and to fund the drilling of 20 new exploratory wells, most of which will be located onshore.
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Middle East to dominate new natural gas-processing capacity through 2017

December 30, 2013
The Middle East is set to outpace Europe and Africa in adding new capacity provided that Iran's industry is not stifled by international sanctions.
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Fracking chemicals can act as hormone disruptors, researchers claim

December 18, 2013
The team of scientists examined in laboratory conditions 12 chemicals that were commonly used in fracking and were either known to be endocrine disruptors or were suspected to have such properties.
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Chevron to spend $39.8 billion in 2014

December 17, 2013
This year's budget also included $4 billion for resource acquisitions that were not included in the original budget.
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California green organizations call for offshore fracking ban

December 17, 2013
California regulators should put an end to offshore hydraulic fracturing operations because they violate state laws, according to a group of environmental organizations who have urged the California Coastal Commission to act to prevent environmental damage.
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American Chemistry Council calls for 'comprehensive approach' to safety for rail transport

December 16, 2013
The American Chemistry Council has called on the U.S. Pipeline and Hazardous Materials Safety Administration to implement a more effective strategy to ensure rail safety and prevent incidents with trains transporting chemical substances by rail.
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US oil production hits highest level in 25 years

December 16, 2013
Because of the shale boom in recent years, the United States is more energy independent than ever and has been able to reduce energy imports dramatically.
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Fracking uses more water than thought, study claims

December 11, 2013
In one of the states where fracking has become a day-to-day business, authorities have found that, in order for the fuel to flow, "maintenance water" is also required.
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TransCanada launches operations at Keystone's southern leg

December 11, 2013
The pipeline section is expected to be operating at full capacity by the end of the year and will move about 3 million barrels of oil.
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