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Oil & Gas

BP to close Australian refinery in 2015

April 3, 2014
BP has announced plans to close down its refinery in Brisbane, citing an inability to compete with large refinery complexes in the Asia Pacific region.
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US accounts for 10% of global oil production

March 28, 2014
The nation's average daily output of tight oil between October and December last year stood at 3.22 million barrels per day.
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Report: Middle East oil & gas companies excel at risk management

March 26, 2014
The report examined the comparative risk quality of oil, gas and petrochemical facilities located in the Middle East, in comparison to more than 500 similar facilities globally.
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Europe may reconsider stance on fracking

March 25, 2014
Recent political events in Ukraine and Russia's involvement may cause some EU member-states to reconsider their stance towards hydraulic fracturing.
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Total plans to tap into Iraqi petrochemical market

March 18, 2014
French oil company Total is exploring options to expand its presence in the Middle East and tap the growing local market by constructing a large petrochemical complex in Iraq.
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Poland moves to attract foreign shale gas companies with tax breaks

March 17, 2014
Poland is thinking of implementing an extensive shale exploration and development plan that aims to reduce its energy dependence on Russia and boosts its own economy.
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Canadian crude unlikely to prevent North Dakota oil industry growth

March 12, 2014
If the United States moves to approve the proposed major pipelines carrying Canadian crude, the effect of the increased import of crude from north of the border may not be as significant as many industry representatives claim.
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Enbridge gets approval for major pipeline reversal

March 10, 2014
Canada's National Energy Board has given the green light to Enbridge's plan to reverse the flow of the pipeline known as Line 9, carrying crude oil from Montreal to Sarnia, Ontario.
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Shell closes Nigerian crude oil pipeline

March 4, 2014
Royal Dutch Shell announced that its Nembe Creek Trunk oil pipeline in Nigeria was closed on Feb. 23 because of a leak caused by theft.
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Middle East oil industry key for global growth, expert says

February 25, 2014
Part of the Western world is underestimating the importance of the Middle East as a result of the shale revolution in the United States but this may be too hasty a reaction.
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