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Oil & Gas

Poland moves to attract foreign shale gas companies with tax breaks

March 17, 2014
Poland is thinking of implementing an extensive shale exploration and development plan that aims to reduce its energy dependence on Russia and boosts its own economy.
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Canadian crude unlikely to prevent North Dakota oil industry growth

March 12, 2014
If the United States moves to approve the proposed major pipelines carrying Canadian crude, the effect of the increased import of crude from north of the border may not be as significant as many industry representatives claim.
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Enbridge gets approval for major pipeline reversal

March 10, 2014
Canada's National Energy Board has given the green light to Enbridge's plan to reverse the flow of the pipeline known as Line 9, carrying crude oil from Montreal to Sarnia, Ontario.
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Shell closes Nigerian crude oil pipeline

March 4, 2014
Royal Dutch Shell announced that its Nembe Creek Trunk oil pipeline in Nigeria was closed on Feb. 23 because of a leak caused by theft.
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Middle East oil industry key for global growth, expert says

February 25, 2014
Part of the Western world is underestimating the importance of the Middle East as a result of the shale revolution in the United States but this may be too hasty a reaction.
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Shell sells Australian refinery to Vitol

February 24, 2014
Energy giant Royal Dutch Shell is to sell as many as 870 service stations and its Australian refinery to Swiss oil company Vitol. The deal is worth approximately $2.6 billion.
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French refiners report $945 million losses in 2013

February 12, 2014
Cheap U.S. natural gas and competition from Asia and the Middle East have dealt a heavy blow to the European refining sector, with French refineries alone losing about EUR700 million ($945 million) last year.
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China aims to develop shale gas industry

February 3, 2014
Chinese authorities are looking for ways to respond to climate change swiftly and effectively, turning their attention towards fracking and other non-conventional methods for energy production in the hope that the country will be able to radically cut down on its coal use.
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UK offshore exploration facing crisis, industry body warns

January 27, 2014
UK Continental Shelf exploration is in a "parlous state," according to experts, and the downward trend has persisted since 2011, when the number of wells drilled slumped by 50%.
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Iranian petrochemical industry faces challenges amid overcapacity, international sanctions

January 16, 2014
As international sanctions remain, Iranian petrochemical companies are facing contraction.
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