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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

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

July 8, 2014
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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UK agencies look into risk of water contamination through fracking

July 8, 2014
The British Geological Survey and the Environment Agency have published the results of a large-scale study into the risk of drinking water being contaminated by fracking operations.
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Colorado regulator halts wastewater injection due to earthquake link

July 7, 2014
Colorado officials recently suspended injections of fracking wastewater underground, following the discovery that disposing of wastewater in a local well might be linked to seismic activity in the area.
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North Dakota to introduce gas flaring restrictions

July 7, 2014
The North Dakota Industrial Commission is introducing new regulations on the maximum amount of natural gas that oil and gas companies will be allowed to burn off in the process known as flaring, in an effort to reduce the overall amount of gas burned off within the state.
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Large proportion of US crude from shale more volatile than previously thought

July 1, 2014
Crude oil extracted from shale formations across the United States may be more challenging to transport and process than previously considered due to the presence of highly volatile gases.
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US oil, gas reserves up 9%

June 30, 2014
Oil reserves in the United States went up to almost 25.4 billion barrels, marking a rise of 2.1 billion barrels or 9 percent on the previous year and an increase of 52 percent compared to 2009.
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