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Oil & Gas
SubscribeUse 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
Enbridge applies for capacity extension of Alberta Clipper pipeline
May 14, 2013
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Calgary-based pipeline transport company Enbridge is seeking U.S. approval to increase the capacity of a pipeline carrying crude from Alberta to Wisconsin.
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California moves closer to fracking ban
May 13, 2013
California appears to be on the verge of formally forbidding the technology, as three bills are currently going through the state's legislature on banning operations until fracking has been found to be safe.
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US oil companies sell assets overseas to invest at home
May 10, 2013
A number of large American companies have made arrangements to sell their assets abroad and redirect their capital toward domestic projects.
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Shell to start fracking in Colorado
May 8, 2013
Shell Oil announced Monday plans to utilize hydraulic fracturing at two of its wells in northwest Colorado, Craig Daily Press reported.
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Investors withdraw from clean energy, turn to drilling
May 7, 2013
In recent years some investors and businesses have focused on development of renewable energy resources and tried to move away from fossil-fuel based energy. But solar and wind power and biofuels have failed to live up to initial expectations, while natural gas and oil industries have made huge gains.
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US oil and gas industry execs expect new regulation to lead to consolidation
May 7, 2013
The United States is likely to maintain a leading position in global oil and gas production, but new regulation may cause a wave of consolidation amidst concerns about increasing operating costs, just-released research suggests.
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Fluor reports benefits of oil & gas, petrochemical industry expansion
May 7, 2013
Fluor Corp. financial results for its first quarter ending March 31 were driven by growth in its oil & gas and industrial & infrastructure segment businesses, the company says. Revenue topped $7 billion, and was up 14% from the previous year.
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US oil and gas reserves outstrip previous estimates
May 6, 2013
New figures released by the Obama administration suggest that the United States has twice the previously announced amount of oil and three times the amount of natural gas under the states of Montana, North Dakota and South Dakota.
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Shale oil projected to account for 9% of 2020 global oil production
April 30, 2013
Shale oil is set to increase its importance globally and will continue to expand in terms of production and share on the international energy market, to account for 9% of total global production.
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Scientists use E. coli to make biofuel
April 24, 2013
Researchers from the University of Exeter have found a way to turn sugar into a fuel very similar to conventional diesel by using a genetically modified E. coli bacteria.
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