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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


Allowing crude exports would cut gas prices, GAO says

A new report by the Government Accountability Office (GAO) suggests that removing export barriers for U.S. crude oil could lead to a reduction of consumer fuel prices in the domestic market.
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Columbia's Reficar sources 2,800 instruments for refinery expansion project

Endress+Hauser, named the Main Instrument Vendor (MIV) by Refineria de Cartagena (Reficar) in Cartagena, Colombia, supplied more than 2,800 flow and level measurement devices to support a $3.8 billion refinery expansion and modernization project.
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Tesoro Logistics expands into natural gas midstream business

Tesoro Logistics LP (TLLP) is to acquire a natural gas gathering and processing business owned by QEP Resources, Inc., Tesoro Corporation revealed late Sunday.
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Rosneft, CNPC to strengthen partnership

Russian oil company Rosneft said on Monday that it has agreed to extend its strategic cooperation with China National Petroleum Corporation (CNPC).
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Ineos acquires second shale gas license in Scotland

Petrochemical company Ineos has bought a majority stake in a second license for shale gas exploration and development in Scotland.
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Gazprom to take over huge gas storage facility in Germany

Russian natural gas giant Gazprom will acquire Western Europe's largest underground gas storage facility this fall, according to media reports.
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New natural gas processing plant serves Powder River Basin producers

A new natural gas processing plant serving the Powder River Basin has been inaugurated by Meritage Midstream Services.
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Petronas warns of 15-year delay to Canada LNG project if no tax deal

Petronas, Malaysia's state-owned energy company, has warned that a planned $11 billion liquefied natural gas (LNG) plant in Canada could be delayed by up to 15 years unless a favorable tax deal is secured by the end of the month.
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Corn markets to influence propane demand

This fall's corn harvest will have an influence on the propane market, the U.S. Energy Information Administration (EIA) said last week.
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Louisiana biofuel plant secures USDA loan guarantee

The U.S. Department of Agriculture (USDA) will provide a $91 million loan guarantee to help finance a new biofuel plant being built by Cool Planet Energy Systems in Louisiana.
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