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Oil & Gas

Peru to hold third national petrochemical conference in January

January 14, 2013
Peru's Ministry of Energy and Mines (MEM) will hold the Third Peru Petrochemical Conference on Jan. 24-25, in Lima.
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Saudi Arabia considers natural gas price hike

January 14, 2013
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.
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UK to introduce new offshore oil and gas production rules

January 7, 2013
The British government is introducing new rules that aim to increase safety standards and environmental care in the UK's offshore oil and gas industry.
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Pipeline project delays harm Canada’s crude oil sector

January 7, 2013
Delays in the construction of new pipelines are detrimental to Canada's energy sector, as transportation of crude oil is prevented by lack of infrastructure.
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Gazprom presses ahead with South Stream, asks EU for special status

January 7, 2013
The South Stream pipeline project that will see Russian natural gas flow to Eastern and Central Europe carried by pipes laid under the Black Sea and across the Balkans is moving ahead.
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US plastics industry export grows in 2012

January 7, 2013
According to new data from the Society of the Plastics Industry (SPI), the end of 2011 marked a growth for the U.S. plastics industry, with the first recorded job increase since 1999.
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Indonesia to invest heavily in petrochemical industry

December 19, 2012
Indonesia is planning to boost its petrochemical industry and start exporting by 2016 thanks to two upstream petrochemical centers that will be constructed over the next couple of years.
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UK government lifts ban on fracking but tightens controls

December 19, 2012
The British government has decided to lift the restrictions on extracting gas from shale rocks using the method of hydraulic fracturing, known as fracking, the Department for Energy and Climate Change (DECC) has announced.
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Canada's oil and gas industry faces important changes in 2013

December 12, 2012
The Canadian oil and gas industry is facing a new year that could bring numerous changes not just for the sector but also for the development of the industry in the whole of North America.
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Gabon ponders new contract terms for foreign oil companies

December 10, 2012
LIBREVILLE, Gabon — Foreign investors in Gabon''s oil production sector might face tougher conditions, under new government plans aimed at squeezing more money from international companies.
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