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Oil & Gas

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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European pipelines fighting for clients

Competition among key European oil pipeline operators is more fierce than ever, as the number of clients declines, amid other concerns including economic instability and the occasional fuel shortage.
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Canada not ready to deal with offshore leaks, report finds

Canadian authorities are not ready to deal with the consequences of a potential offshore oil leak, according to a new report released by the federal commissioner of the environment and sustainable development.
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Arlington council approves controversial drilling operation expansion

A new natural gas well is on the agenda for Arlington, Texas, after the Arlington City Council approved the project for a second well on what proved to be a controversial site.
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Explosion at Pemex headquarters kills 36, injures at least 100

The explosion occurred at the basement of the administrative building, located in immediate vicinity of the company's 52-story main office tower, where several thousand people were working at the time of the incident.
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Canadian petrochemicals industry faces major obstacles

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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