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Oil & Gas

Global oil and gas industry relies on automation for growth

Oil and gas companies outside the Unites States have had to take radical measures to remain competitive in a constantly changing market that seems to be currently favoring U.S. businesses.
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China takes first steps into shale gas development

The vast natural resources of China are one reason why the country has become one of the fastest growing economies in the world. After focusing on utilizing coal deposits for decades, the country is now looking at ways to exploit its shale gas.
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New directive proposed for EU oil and gas companies

The European Commission (EC) has proposed new regulations that could require oil and gas companies operating on European Union territory to submit emergency response plans and show evidence that they are able to fund the fixing of potential environmental damage caused during operation.
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Malaysia surpasses Indonesia as top producer of hydrocarbon in Southeast Asia

Malaysia managed to surpass Indonesia as the top producer of upstream hydrocarbon products in Southeast Asia in 2012, amid the difficulties that Indonesia experienced in attracting new investors.
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Qatar aims to increase petrochemical output

Qatar is planning to strengthen its position in the petrochemical market by increasing its petrochemical output to 23 million tons a year by 2020, the country's minister of energy and industry Muhammad Saleh Al-Sada said.
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Statoil given green light for North Sea oil field project

Norwegian energy giant Statoil is set to step into the UK sector of the North Sea following the green light it received from the British Department of Energy and Climate Change (DECC) for its Mariner heavy oil field project.
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Enbridge reveals plans to convert gas pipeline to oil

Enbridge Inc., the largest transporter of Canadian crude to the United States, and its partner, Energy Transfer Partners, have revealed plans to convert part of their natural gas pipeline to carry oil to the Gulf Coast, investing up to $3.4 billion in the scheme.
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Queensland to open up shale oil industry

The government of Australia's state of Queensland intends to give the go-ahead to the development of a commercial shale oil industry, Natural Resources Minister Andrew Crips said earlier this week.
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Kazakhstan to spend $3.7 billion on natural gas plant

Kazakhstan plans to spend $3.7 billion on a natural gas processing plant at the BG Group Plc- led Karachaganak field next year.
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World Energy Council report identifies critical issues facing global energy sector

Continued uncertainty in the future direction of climate frameworks, political instability of the Middle East and North Africa (MENA) region, energy price volatility and the global economic recession are what energy leaders consider as the top 'insomnia' issues.
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