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Oil & Gas

US overtakes Saudi Arabia, Russia as world's largest oil producer

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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

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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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U.S.-Canadian joint venture completes pipeline from Oklahoma to Gulf Coast

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Houston, Texas-based Enterprise Products Partners and Canadian Enbridge Inc. have completed the construction of a 512-mile section of the Seaway Pipeline system, running from Cushing, Oklahoma, to the Jones Creek terminal near Freeport.
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UK agencies look into risk of water contamination through fracking

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The British Geological Survey and the Environment Agency have published the results of a large-scale study into the risk of drinking water being contaminated by fracking operations.
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Colorado regulator halts wastewater injection due to earthquake link

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Colorado officials recently suspended injections of fracking wastewater underground, following the discovery that disposing of wastewater in a local well might be linked to seismic activity in the area.
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North Dakota to introduce gas flaring restrictions

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The North Dakota Industrial Commission is introducing new regulations on the maximum amount of natural gas that oil and gas companies will be allowed to burn off in the process known as flaring, in an effort to reduce the overall amount of gas burned off within the state.
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Large proportion of US crude from shale more volatile than previously thought

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Crude oil extracted from shale formations across the United States may be more challenging to transport and process than previously considered due to the presence of highly volatile gases.
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US oil, gas reserves up 9%

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Oil reserves in the United States went up to almost 25.4 billion barrels, marking a rise of 2.1 billion barrels or 9 percent on the previous year and an increase of 52 percent compared to 2009.
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Survey reveals trends in US fracking wastewater regulation

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The role of hydraulic fracturing for the growth of the U.S. energy sector is undeniable but states seem to have widely divergent views when it comes to the technology in general and to fracking wastewater regulation in particular.
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Shell to sell midstream unit shares worth $750 million

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Shell Midstream Partners, a wholly-owned subsidiary of Royal Dutch Shell, is planning to launch an IPO of up to $750 million in shares in an effort to deliver more value to its shareholders.
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