Oil & Gas Industry News

Petronas needs pipeline access to market its natural gas in North Montney area

CNL is responding to widespread criticism of the project near Deep River, Ont. by revisiting its plan to include a small amount of intermediate-level waste at the site

The National Energy Board said the hearing panel would enhance its evaluation of oil-spill scenarios, including cleanup and preventive programs

Enthusiasm for the sector has waned as investors flock to regions that offer bigger returns more quickly

The Texas upstream oil and gas economy grew in July for an eighth consecutive month after contracting during the previous 24 straight months.

Swedish refiner Preem AB, a wholly owned subsidiary of Corral Petroleum Holdings AB, Stockholm, is progressing with its previously announced plan to expand vacuum distillation capacity at its 11.4-million tonne/year refinery at Lysekil, Sweden.

 

The Cambodian government and KrisEnergy Ltd. have signed fiscal and technical agreements after 3 years of negotiating for the nation’s first oil field development in Cambodia Block A in the Gulf of Thailand.

 

Shell Petroleum Development Co. of Nigeria Ltd. (SPDC) has started production at Gbaran-Ubie Phase 2 in Nigeria’s Niger Delta region.

Cairn Energy Ltd. has increased its estimate of recoverable resources in SNE oil field offshore Senegal.

 

US commercial crude oil inventories declined 3.3 million bbl during the week ended Aug. 18 compared with the previous week’s total, continuing a months-long downward trend, the US Energy Information Administration reported.