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Oil & Gas

Canadian petrochemicals industry faces major obstacles

February 4, 2013
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.
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Gulf companies invest in southeast Asia petrochemicals

February 1, 2013
Wealthy investors from the Arabian Gulf are eyeing markets in southeast Asia and investing huge sums of money in petrochemical production in the region.
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SCADA market for oil & gas propelled by Asia’s sprinting economy

January 29, 2013
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.
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Countries around the world consider fracking after US success

January 29, 2013
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.
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Yokogawa to supply integrated control and safety systems for Cygnus Development Project

January 29, 2013
The ICSS will feature Yokogawa’s CENTUM VP process automation system, ProSafe-RS safety system, Exaquantum production management solution and PRM asset management package.
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Brazilian oil giant to host first demo showcasing ROM solution

January 24, 2013
The Fieldbus Foundation on Wednesday announced plans to conduct a series of live field demonstrations showcasing its FOUNDATION™ for Remote Operations Management (ROM) technology.
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Iran reports considerable new oil, gas reserves

January 24, 2013
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.
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North Sea oil platforms closed after leak detected

January 18, 2013
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.
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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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