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Oil & Gas

Petronas to build $27 billion refinery complex

April 15, 2014
Malaysia's state-owned oil and gas company Petronas has announced plans to invest $27 billion in the construction of a new refining and petrochemical complex in the southern state of Johor.
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Chevron signs renewed agreement for shale development in Argentina

April 14, 2014
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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Japan launches first fracking operations

April 11, 2014
Commercial production of shale oil in the northern prefecture of Akita will start at a much smaller scale than in the United States.
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Global refining industry outlook predicts growth in 2014, 2015

April 9, 2014
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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UK oil & gas companies upbeat for short-term growth

April 8, 2014
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

April 7, 2014
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

April 3, 2014
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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US accounts for 10% of global oil production

March 28, 2014
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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Report: Middle East oil & gas companies excel at risk management

March 26, 2014
The report examined the comparative risk quality of oil, gas and petrochemical facilities located in the Middle East, in comparison to more than 500 similar facilities globally.
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Europe may reconsider stance on fracking

March 25, 2014
Recent political events in Ukraine and Russia's involvement may cause some EU member-states to reconsider their stance towards hydraulic fracturing.
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