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Oil & Gas

Shale oil projected to account for 9% of 2020 global oil production

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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.
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BP to invest $596 million in South Africa, Mozambique

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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.
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Shell starts major petrochemical investment in Singapore

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Global energy giant Shell has announced plans to expand its investments in Asia by building new petrochemical units in Singapore.
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Statoil discovers new North Sea oil reserves

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Norwegian energy giant Statoil announced Friday that it had found "significant" new oil resources in the North Sea.
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Qatar Petroleum enters North American natural gas market

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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.
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UK publishes new oil and gas strategy

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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.
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UK oil and gas output expected to increase by 2017

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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.
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New Alberta pipeline in the works

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A new natural gas liquids pipeline, known as the Western Reach Pipeline System, is to be set up in northwest Alberta.
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India’s Oil Industry Safety Directorate, AIChE sign memorandum

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The Center for Chemical Process Safety of the American Institute of Chemical Engineers has signed a memorandum of understanding with the Government of India’s Oil Industry Safety Directorate.
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SNF to build specialty chemicals plant in northeast England

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SNF Oil and Gas Limited, a subsidiary of French-based water-soluble polymer producer SNF Group, has announced plans to build a specialty chemical plant in northeast England that will employ approximately 250 workers.
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