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Oil & Gas

European refineries still facing major challenges

October 14, 2013
The future of Europe's refining sector continues to look bleak, as the industry seems unable to adapt to new market conditions and struggles to remain competitive with the United States and emerging markets like the Middle East and China.
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Mideast refineries shift focus in production

October 9, 2013
Refineries in the Middle East are facing serious challenges to remain competitive, struggling to reduce operating costs and to maximize production among other problems.
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Russia losing ground in oil, gas production to US

October 8, 2013
Russia is gradually losing its position as the world's leader in oil and gas production, as the United States has been gaining ground thanks to its energy revolution.
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French court to decide if fracking ban is unconstitutional

October 4, 2013
The ban on hydraulic fracturing as a method to extract natural gas and oil in France will come under review next month in a French court. Judges will have to decide if the ban is against the constitution, as oil and gas companies have claimed.
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Mexico aims to unlock its energy potential

October 1, 2013

Mexican President Enrique Peña Nieto has once again confirmed his plans for reform in the Mexican energy sector that would ensure industry growth and would attract more international investors on the market.

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OPEC prepares for falling oil market share in 2014

September 18, 2013
The global oil market is "well-supplied," despite predictions that the market share of the Organization of Petroleum Exporting Countries (OPEC) is likely to slip in 2014, due to increased production from non-OPEC countries.
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BP awards contracts worth £1 billion For North Sea development

September 16, 2013
British oil giant BP announced last week that more than 30 UK companies have been awarded contracts worth a total of over £1 billion for the development of two oil fields in the North Sea.
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Venezuela blames saboteurs for deadly blast at refinery in 2012

September 11, 2013
Venezuela's oil minister, Rafael Ramirez, announced that the deadly blast at the state-run Amuay Refinery, which killed 42 people, was the result of sabotage.
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Latin American refining sector struggling to capitalize on growing oil output

September 9, 2013
Latin America's oil production has been on the rise over the past few years but most economies in the region have had difficulties capitalizing on this development.
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EU launches first pipeline to Moldova

August 28, 2013
A pipeline connection between Moldova and the European Union has been established, as part of efforts by the EU to reduce European countries' energy dependence on Russia.
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