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Oil & Gas

Sinopec takes aim at US petrochemical competition

Chinese oil and gas company Sinopec says it is striving to lower its petrochemical production costs and optimize its product mix in order to stave off competition from the U.S.
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Williams plans major petrochemical investment in Alberta

The Tulsa, Okla.-based firm is going to open a propane dehydrogenation (PDH) facility, located near its existing complex in Redwater.
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US shale gas exports to India should be allowed, experts claim

The United States should allow shale gas exports to India as this might prove a win-win situation for both countries, energy experts claim.
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German RWE to sell oil and gas exploration operations

German electric utilities company RWE has announced that it is putting an end to its oil and gas exploration activity, in the hope of cutting its debt and capital expenditure.
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Coal use in UK rises in 2012

The double-dip recession in the UK last year had far-reaching implications and affected every sector of its economy. Energy was no exception, according to a new report released by the Department of Energy and Climate Change.
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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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