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Oil & Gas

Petronas hands refinery construction contract to Sinopec Engineering

Malaysian state-owned oil and gas company Petronas has awarded an oil refinery construction contract to China's Sinopec Engineering (Group) Co. Ltd., media reports said last week.
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Natural gas production in Marcellus Region reaches record high

Natural gas production in the Marcellus Region exceeded 15 billion cubic feet per day (Bcf/d) in July, the U.S. Energy Information Administration (EIA) reported.
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Shale gas processing equipment market poised for growth

With the U.S. leading the world in shale reserves exploration, and other countries starting to explore and develop their own reserves, strong growth is expected in the shale gas processing equipment market over the next five years.
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Bids invited for UK onshore oil and gas licenses

A new bidding process for onshore oil and gas exploration licenses was opened by the UK government last week.
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Rosneft, PDVSA sign collaboration agreements

The two firms have agreed to establish a joint venture that will provide engineering and construction services in the oil and gas industry.
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Future growth in oilfield process chemicals market led by enhanced oil recovery

Drilling-related chemicals account for more than a third, 36 percent, of the overall market. This category includes drilling fluids, workover/completion fluids and cementing additives.
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Oregon LNG granted approval for global exports

The U.S. Department of Energy (DOE) authorized the company to export up to 1.25 billion cubic feet per day of LNG to countries that do not have a free trade agreement with the United States.
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California regulators halt wastewater injection in local wells

Oil and gas waste injection has been halted at 11 sites in California following orders issued by the state's Division of Oil and Gas and Geothermal Resources.
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US Department of Transportation proposes new rule for crude shipments by rail

Tank cars used by oil and gas companies to transport crude oil and ethanol across the United States will have to comply with stringent new standards under new draft rules presented by the U.S. Department of Transportation last week.
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Halliburton: US fracking market turning a corner

While news about hydraulic fracturing has overwhelmingly focused on its impact on the environment, the market for hydraulic fracturing actually has exhibited behaviors typically associated with the oil and gas industry, i.e., boom and bust.
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