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Oil & Gas Industry Update

Processing's Oil & Gas Industry Update is delivered the second Monday of every month and covers the issues facing the oil & gas processing industry.

ARTICLES

Natural gas production in Marcellus Region reaches record high

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Natural gas production in the Marcellus Region exceeded 15 billion cubic feet per day (Bcf/d) in July, the U.S. Energy Information Administration (EIA) reported.
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Shale gas processing equipment market poised for growth

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With the U.S. leading the world in shale reserves exploration, and other countries starting to explore and develop their own reserves, strong growth is expected in the shale gas processing equipment market over the next five years.
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Bids invited for UK onshore oil and gas licenses

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A new bidding process for onshore oil and gas exploration licenses was opened by the UK government last week.
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Federal Regulators green-light east-coast offshore oil exploration

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Companies to use air guns and sonic sensors to pinpoint deposits from Delaware to Florida
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API releases guidelines for oil & gas industry, community cooperation

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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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US overtakes Saudi Arabia, Russia as world's largest oil producer

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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

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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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U.S.-Canadian joint venture completes pipeline from Oklahoma to Gulf Coast

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Houston, Texas-based Enterprise Products Partners and Canadian Enbridge Inc. have completed the construction of a 512-mile section of the Seaway Pipeline system, running from Cushing, Oklahoma, to the Jones Creek terminal near Freeport.
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EIA: Refineries unable to deal with increasing proportion of light crudes

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Production of U.S. light crude oil and condensates is likely to continue dominating the domestic oil market, accounting for the majority of extra oil extracted over the next two years.
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IHS: Lifting export restrictions on US crude oil would be smart move

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Lifting the restrictions on U.S. crude oil exports would be a wise move, says market and economic information provider IHS.
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