Oil & Gas

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Calgary-based pipeline transport company Enbridge is seeking U.S. approval to increase the capacity of a pipeline carrying crude from Alberta to Wisconsin.

The agreement establishes a commercial framework to sell up to the full 15.6 million metric ton annual (MTA) output of the Golden Pass Products liquefaction project.

Brazilian conglomerate Odebrecht announced May 1 plans to invest $20 billion globally over the next three years, 85 percent of which will be invested in Latin America.

Shale oil is set to increase its importance globally and will continue to expand in terms of production and share on the international energy market, to account for 9% of total global production.

BP Southern Africa will spend 4.7 billion rand in South Africa, including 2.5 billion rand to upgrade the Sapref refinery in Durban, and 800 million rand to refurbish infrastructure in Mozambique.

Global energy giant Shell has announced plans to expand its investments in Asia by building new petrochemical units in Singapore.

Norwegian energy giant Statoil announced Friday that it had found "significant" new oil resources in the North Sea.

The dramatic increase in shale gas output in the United States in recent years has transformed the domestic energy sector but it has also had far-reaching implications in global markets.

The British coalition government has announced the UK Oil and Gas Industrial Strategy, which demonstrates the country's renewed interest in utilizing reserves in the North Sea.

The decline in the UK's oil and gas production in the North Sea is likely to prove short-term and is predicted to pick up thanks to better technology and renewed interest from investors.