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Oil & Gas

Canada's oil and gas industry faces important changes in 2013

The Canadian oil and gas industry is facing a new year that could bring numerous changes not just for the sector but also for the development of the industry in the whole of North America.
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Gabon ponders new contract terms for foreign oil companies

LIBREVILLE, Gabon — Foreign investors in Gabon''s oil production sector might face tougher conditions, under new government plans aimed at squeezing more money from international companies.
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UAE's biggest petrochemical company launches employment drive

ABU DHABI — Abu Dhabi’s leading petrochemical company, Borouge, has announced plans to expand its operations and focus on creating jobs in the United Arab Emirates (UAE), according to
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DuPont breaks ground on cellulosic ethanol facility

NEVADA, Iowa — DuPont broke ground Friday on a new cellulosic ethanol facility in Nevada, Iowa, which the company believes brings it one step closer to commercializing advanced biofuels.
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Strategic alliance to advance biomass initiatives

OWOSSO, Mich. — Tri Mer Corp. and Enginuity Energy LLC have established a research agreement for the testing of biomass fuels at Enginuity Energy’s research and development lab in Harrisburg, Pa., the companies announced.
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Taiwan's petrochemical industry to see output rise in Q4

TAIPEI, Taiwan — Taiwan''s petrochemical sector is predicted to grow over the last three months of the year. A government report expects a 7.6 percent rise in output compared
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BP to sell Texas City refinery to Marathon Petroleum for $2.5 billion

BP has announced over $35 billion toward its goal of $38 billion in divestments
Oil & gas giant BP reached an agreement in October to sell its Texas City, Texas, refinery and a portion of its retail and logistics network in the Southeast U.S. to Marathon Petroleum Corp. for $2.5 billion.
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US to surpass Saudi Arabia as global oil production leader

LONDON — The United States is likely to emerge as the world''s biggest oil producer by 2020, following a shale oil production surge that will allow it to surpass
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Chevron announces natural gas discovery off Australian coast

SAN RAMON, Calif. — Chevron Corp. announced its Australian subsidiary has made a natural gas discovery in the Greater Gorgon Area, located in the Carnarvon Basin, a premier hydrocarbon
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European butadiene market to remain strong thanks to emergence of US shale gas

NEW YORK — Despite waning local demand, the European butadiene market will remain strong thanks to export demands from overseas, according to a new report by industry research firm
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