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Oil & Gas

BP awards contracts worth £1 billion For North Sea development

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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

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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

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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

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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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Report praises Alberta for its pipeline safety

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Alberta has the best regulatory framework of all Canadian provinces when it comes to pipeline safety and the oil and gas industry as a whole, a new independent review found.
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UK oil, gas production drops sharply

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UK production of oil and gas has dropped sharply, raising questions over the future of the industry, British industry leaders have warned.
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Chevron remains confident about fracking opportunities in Central, Eastern Europe

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U.S. oil supermajor Chevron believes that Central and Eastern Europe will warm up to fracking and throw support behind the company's exploration projects.
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Middle East to remain top oil supplier over next five years

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Despite the rapid growth in U.S. oil and gas production, the Middle East will remain global leader in energy supply.
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Uganda's first refinery expected to start operations by 2018

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Uganda expects its first oil refinery to start operations by 2018. The facility will have an initial capacity of 30,000 barrels per day, the aim being to reach 60,000 barrels by 2020.
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Veolia Water, Petrobras sign contract for oil-bearing secondary material processing unit

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Veolia Water Solutions & Technologies Brazil and Veolia Water Americas signed a contract with Petrobras to design, build, own and operate an oil-bearing secondary material processing unit at its Alberto Pasqualini REFAP Refinery located in Porto Alegre, South Brazil.
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