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Oil & Gas

New Zealand considers east coast oil and gas operations

New Zealand is considering whether to develop an onshore oil and gas industry on the East Coast of the North Island, following a government report looking into the potential benefits, impacts and risks of drilling operations in the region.
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Oil and gas investments in North Sea reach highest level in 30 years

According to the latest Oil & Gas UK 2013 Activity Survey, investments in the sector in the North Sea have reached their highest level for more than three decades.
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New environmental regulations to govern Canada's oil and gas industry

Canada's oil and gas businesses are likely to see new regulation governing the industry by mid-year, according to the country's environment minister Peter Kent.
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Africa looks for a share in global petrochemical, oil-refining markets

Ongoing reforms in Nigeria's gas sector will make the West African country a regional hub for petrochemical and fertilizer production by 2017, according to Nigerian National Petroleum Corp. (NNPC) Group Executive Director David Ige.
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Eni makes natural gas discovery in Mozambique

The discovery was made within the Mamba Complex, in Area 4, at the Coral 3 delineation well, and confirms the potential of Area 4 at 75 trillion cubic feet of gas in place, Eni said.
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Global oil and gas industry relies on automation for growth

Oil and gas companies outside the Unites States have had to take radical measures to remain competitive in a constantly changing market that seems to be currently favoring U.S. businesses.
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China takes first steps into shale gas development

The vast natural resources of China are one reason why the country has become one of the fastest growing economies in the world. After focusing on utilizing coal deposits for decades, the country is now looking at ways to exploit its shale gas.
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New directive proposed for EU oil and gas companies

The European Commission (EC) has proposed new regulations that could require oil and gas companies operating on European Union territory to submit emergency response plans and show evidence that they are able to fund the fixing of potential environmental damage caused during operation.
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Malaysia surpasses Indonesia as top producer of hydrocarbon in Southeast Asia

Malaysia managed to surpass Indonesia as the top producer of upstream hydrocarbon products in Southeast Asia in 2012, amid the difficulties that Indonesia experienced in attracting new investors.
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Qatar aims to increase petrochemical output

Qatar is planning to strengthen its position in the petrochemical market by increasing its petrochemical output to 23 million tons a year by 2020, the country's minister of energy and industry Muhammad Saleh Al-Sada said.
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