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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


Researchers develop improved method for detecting pipeline leaks

Scientists have published details of a new method that finds even small leaks from oil and gas pipelines.
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China's crude processing hits record high

China processed a record volume of crude oil in September, data from the National Statistics Bureau revealed last week.
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Fluor, Technip win additional RAPID refinery contract in Malaysia

A joint venture between Fluor Corporation and Technip has won another contract related to the RAPID project in Malaysia.
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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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