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Oil & Gas


China's gas demand to almost double by 2019, IEA says

June 23, 2014
Demand for natural gas in China will grow to 315 billion cubic meters by 2019, according to the 2014 Medium-Term Gas Market Report by the International Energy Agency.
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IEA: Canada can become global energy power but needs to manage costs

June 16, 2014
Canada can profit immensely from its oil industry if it plays its cards wisely and manages to keep project costs at a reasonably low level, according to the International Energy Agency.
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Canadian pipeline operators to assume liability for oil spill damage under new rules

June 5, 2014
Canada is toughening its rules concerning pipeline safety and response to spill damages, transferring the responsibility for oil spills to pipeline companies and making them liable for all costs associated with accidents.
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Canada, US improve oil & gas industry logistics

June 2, 2014
Even though Canadian pipeline operators are experiencing difficulties in having major projects approved by U.S. authorities, the links between Alberta's oil fields and refineries south of the border are getting better.
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Exxon focuses on LNG sales on Asian spot market

May 28, 2014
Exxon Mobil Corp. has been involved in negotiations with customers in Asia regarding sales of liquefied natural gas on the spot market.
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Gazprom signs 30-year gas delivery contract with China

May 27, 2014
Russia and China have signed a historic 30-year gas delivery deal that is estimated to be worth more than $400 billion.
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House of Lords committee calls for 'urgent' fracking regulation in UK

May 12, 2014
The UK urgently needs to regulate fracking, so that the country's economy can start benefiting from the opportunities created by shale gas.
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Oil & gas industry contributes £35 billion annually to UK economy

May 2, 2014
Although oil prices are persistently high and production is declining in the UK, the outlook for the oilfield services industry is very positive.
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Domestic demand to fuel Russia's petrochemical industry growth

April 21, 2014
The Russian petrochemical industry is set to benefit from increasing domestic demand over the medium term, with non-oil industrial sectors emerging as the strongest driving force for growth.
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Petronas to build $27 billion refinery complex

April 15, 2014
Malaysia's state-owned oil and gas company Petronas has announced plans to invest $27 billion in the construction of a new refining and petrochemical complex in the southern state of Johor.
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