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Oil & Gas

US refineries should look for export opportunities amid growing competition

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The market is becoming more competitive globally, as exports offer higher margins, whereas domestic feedstock is cheap and abundant but not necessarily the right type of product they need.
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Is China getting ready for a fracking revolution?

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Despite its huge fortune buried in shale rock formations, China has been very slow to realize the benefits of fracking and embrace the technology.
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Iran to offer incentives to foreign investors

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Iran seems determined to open up to foreign investors, in the hope of attracting international businesses that would inject fresh capital into Iranian industry.
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Energy companies underestimate cyber security risks

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Global oil companies and infrastructure operators are not sufficiently prepared to deal with cyber security threats, according to a recent analysis.
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China's gas demand to almost double by 2019, IEA says

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Demand for natural gas in China will grow to 315 billion cubic meters by 2019, according to the 2014 Medium-Term Gas Market Report by the International Energy Agency.
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IEA: Canada can become global energy power but needs to manage costs

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Canada can profit immensely from its oil industry if it plays its cards wisely and manages to keep project costs at a reasonably low level, according to the International Energy Agency.
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Canadian pipeline operators to assume liability for oil spill damage under new rules

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Canada is toughening its rules concerning pipeline safety and response to spill damages, transferring the responsibility for oil spills to pipeline companies and making them liable for all costs associated with accidents.
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Canada, US improve oil & gas industry logistics

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Even though Canadian pipeline operators are experiencing difficulties in having major projects approved by U.S. authorities, the links between Alberta's oil fields and refineries south of the border are getting better.
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Exxon focuses on LNG sales on Asian spot market

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Exxon Mobil Corp. has been involved in negotiations with customers in Asia regarding sales of liquefied natural gas on the spot market.
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Gazprom signs 30-year gas delivery contract with China

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Russia and China have signed a historic 30-year gas delivery deal that is estimated to be worth more than $400 billion.
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