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Oil & Gas

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Labour Party wants stricter rules on fracking in Britain

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Britain's Labour Party is aiming to amend the current infrastructure bill before the House of Lords in an attempt to strengthen the regulation covering fracking.
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China's Sinopec shortlists 37 bidders for fuel marketing unit

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State-controlled Chinese energy giant Sinopec has selected 37 potential buyers for a 30 percent stake in its fuel marketing unit, which analysts value in the region of $20 billion.
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LNG imports help diversify energy sources of US islands

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Imports of liquefied natural gas (LNG) may soon allow island states and territories of the United States to diversify their energy sources and benefit from lower fuel prices.
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Ineos moves into UK shale exploration

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Chemicals company Ineos has acquired a majority stake in an onshore exploration and development license in Scotland that includes its Grangemouth refining and petrochemical complex and the area around it.
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Petronas hands refinery construction contract to Sinopec Engineering

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Malaysian state-owned oil and gas company Petronas has awarded an oil refinery construction contract to China's Sinopec Engineering (Group) Co. Ltd., media reports said last week.
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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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New series of earthquakes shakes Oklahoma

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A series of earthquakes in Oklahoma occurring within hours of one another has added evidence to earlier scientific claims that the unusual seismic activity registered in the state recently is caused by fracking-related operations.
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US refineries should look for export opportunities amid growing competition

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The market is becoming more competitive globally, as exports offer higher margins, whereas domestic feedstock is cheap and abundant but not necessarily the right type of product they need.
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Is China getting ready for a fracking revolution?

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Despite its huge fortune buried in shale rock formations, China has been very slow to realize the benefits of fracking and embrace the technology.
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Iran to offer incentives to foreign investors

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Iran seems determined to open up to foreign investors, in the hope of attracting international businesses that would inject fresh capital into Iranian industry.
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