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Oil & Gas

Inquiry examines safety of FLNG projects in Australian waters

A parliamentary inquiry into the safety of floating liquefied natural gas (FLNG) processing plants is being held in Western Australia.
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UK proposes sovereign wealth fund for shale gas revenues

A sovereign wealth fund could be created in the United Kingdom to help protect revenues generated by shale gas extraction, Chancellor George Osborne said on Monday.
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Ineos adds two more 'Dragon' ships for US ethane export

Chemicals company Ineos has ordered another two state-of-the-art vessels to transport U.S. shale gas ethane to its facilities in Scotland and Norway.
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TransCanada files application for pipeline to Eastern Canada

TransCanada Corporation has filed a formal application to build a new pipeline that would carry 1.1 million barrels of oil per day from Alberta and Saskatchewan to refineries in Eastern Canada.
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China's crude processing hits record high

China processed a record volume of crude oil in September, data from the National Statistics Bureau revealed last week.
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Fluor, Technip win additional RAPID refinery contract in Malaysia

A joint venture between Fluor Corporation and Technip has won another contract related to the RAPID project in Malaysia.
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Columbia's Reficar sources 2,800 instruments for refinery expansion project

Endress+Hauser, named the Main Instrument Vendor (MIV) by Refineria de Cartagena (Reficar) in Cartagena, Colombia, supplied more than 2,800 flow and level measurement devices to support a $3.8 billion refinery expansion and modernization project.
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Rosneft, CNPC to strengthen partnership

Russian oil company Rosneft said on Monday that it has agreed to extend its strategic cooperation with China National Petroleum Corporation (CNPC).
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Gazprom to take over huge gas storage facility in Germany

Russian natural gas giant Gazprom will acquire Western Europe's largest underground gas storage facility this fall, according to media reports.
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World oil consumption will continue rising, EIA says

Patterns of oil consumption are set to change over the next few decades, with a slow decline in some parts of the world and an increase in other regions.
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