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Oil & Gas

Use of fossil fuels — including oil and natural gas — is one of the defining characteristics of our time. Over the last two decades, the emergence of national oil companies and dwindling oil resources have moved the major independent oil and gas companies to tap into more and more unconventional resources, including deepwater subsea, shale plays, tar sands and subsalt. Given its complexity, oil field development is coordinated amongst multiple independent and highly specialized contractors, including industry equipment suppliers; engineering, procurement and construction (EPC) concerns; and service

ARTICLES

Federal Regulators green-light east-coast offshore oil exploration

July 22, 2014
Companies to use air guns and sonic sensors to pinpoint deposits from Delaware to Florida
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Oil industry in rush to replace old tank cars

July 18, 2014
The U.S. Transportation Department has drafted rules that provision a six-year period for oil companies and railroad operators to replace old tank cars that are prone to rupture with new, safer ones, but it seems that operators have no plans to wait that long.
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US refineries should look for export opportunities amid growing competition

July 17, 2014
The market is becoming more competitive globally, as exports offer higher margins, whereas domestic feedstock is cheap and abundant but not necessarily the right type of product they need.
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Is China getting ready for a fracking revolution?

July 15, 2014
Despite its huge fortune buried in shale rock formations, China has been very slow to realize the benefits of fracking and embrace the technology.
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North American fracking wastewater treatment market to reach $350 million in 2018

July 14, 2014
As oil and gas production in North America keeps rising, turning the country into the largest energy producer in the world, the industry seeks more opportunities to optimize and reduce its water use.
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Energy companies underestimate cyber security risks

July 14, 2014
Global oil companies and infrastructure operators are not sufficiently prepared to deal with cyber security threats, according to a recent analysis.
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API releases guidelines for oil & gas industry, community cooperation

July 11, 2014
In an effort to improve the public image of oil and gas companies, the American Petroleum Institute (API) has released a set of guidelines it refers to as "good neighbor standards."
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New York court allows towns to ban fracking

July 9, 2014
New York state communities will be allowed to ban hydraulic fracturing on their territories, following a ruling by the state's highest court.
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US overtakes Saudi Arabia, Russia as world's largest oil producer

July 9, 2014
According to a new report by Bank of America Corp., record output of oil from shale rock formations is fueling economic growth for the U.S.
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Quantum Energy to invest $2.5 billion in 'micro refining' units

July 9, 2014
North Dakota oil field development specialist Quantum Energy Inc. is planning to take advantage of the abundant Bakken Shale oil reserves and build five "micro refineries" that will produce ready-to-export fuel.
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