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Oil & Gas

Taiwanese companies plan to invest in petrochemical complex in China

The Petrochemical Industry Association of Taiwan announced Monday that a group of eight Taiwanese companies is planning to invest in the construction of a large petrochemical complex in China.
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European refineries still facing major challenges

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

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

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

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

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

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

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

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

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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