Oil & Gas

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The Canadian petrochemicals industry has the potential to grow dramatically thanks to low natural gas prices, but a number of obstacles are standing in its way.

Wealthy investors from the Arabian Gulf are eyeing markets in southeast Asia and investing huge sums of money in petrochemical production in the region.

Following the global recession of 2008-2009, the Asia market for supervisory control and data acquisition (SCADA) has rebounded strongly, growing at a near double-digit rate. Asia’s fast-growing economy is further boosting the market for SCADA oil and gas systems.

Tempted by the U.S. shale gas revolution that could soon see that country top the charts in natural gas production, countries around the world are considering introducing the same technology, in the hope of achieving similar results.

The ICSS will feature Yokogawa’s CENTUM VP process automation system, ProSafe-RS safety system, Exaquantum production management solution and PRM asset management package.

The Fieldbus Foundation on Wednesday announced plans to conduct a series of live field demonstrations showcasing its FOUNDATION™ for Remote Operations Management (ROM) technology.

Iran's oil minister Rostam Qasemi has announced that huge oil and gas reserves have been discovered on the country's northeastern and western borders with Turkmenistan and Iraq.

The Brent pipeline network in the North Sea, which services up to 27 oil fields, has been temporarily closed following the detection of a leak in one on the platforms off Shetland, Cormorant Alpha.

Peru's Ministry of Energy and Mines (MEM) will hold the Third Peru Petrochemical Conference on Jan. 24-25, in Lima.

Next year the country may hike the price of its natural gas, which is currently the lowest in the world, in a bid to tackle energy waste and cut high-cost subsidies.