Oil and Gas Industry Latest news

19.11.2013 Russia, China to Drill for Shale Oil, Gas in 2014

Hydraulic fracturing of shale in search of oil and gas has hardly started outside the U.S., but that’s changing, Bloomberg has said. 

19.11.2013 California Comes up with Oil Well Fracking Regulations

The Brown administration has released much-anticipated proposed rules for fracking, a controversial technique for drilling for oil and natural gas reviled by environmentalists, Los Angeles Times reported on November 15.

19.11.2013 Multi-Stage Hydraulic Fracturing Increases Oil Output

Specialists from Irkutsk Oil Company have conducted multi-stage hydraulic fracturing in a horizontal well at the Danilovskoye oil and gas condensate field in the Katanga district of Irkutsk Region, EnergyLand.info has reported.

19.11.2013 Turkmenistan Hosts Oil and Gas Exhibition

A three-day international exhibition and conference "Turkmenistan's Oil and Gas" (OGT-2013) , organized by the Oil and Gas Ministry, the Chamber of Commerce of the country with the participation of British Summit Trade Events Ltd.

19.11.2013 Rosneft to Upgrade Eastern Petrochemical

Oil major Rosneft will invest 1.3 trillion rubles to raise the capacity of Eastern Petrochemical Company based in the town of Nakhodka in Russia’s Pacific coast to 30 million tonnes from 10 million tonnes of oil, Prime reported on November 19, citing the company as sayin

19.11.2013 Russia’s Bashneft Gets Ready for IPO - Newspaper

Russian oil company Bashneft has started preparing for an initial public offering to be held by 2015 and has to boost output and solve problems linked with the Trebs and Titov deposits and ownership structure issues, Vedomosti business daily reported on November 19, citi

19.11.2013 Ukraine to Buy Russian Gas, Repay Debt

Ukrainian energy company Naftogaz Ukrainy will continue purchasing natural gas from Russia until the end of the heating season, Energy and Coal Industry Minister Eduard Stavitsky told reporters Monday, as cited by RIA Novosti, Prime reported on November 18.

19.11.2013 Russia to Remain Main Energy Supplier – EU Rep

Russia will remain the main energy supplier of the E.U., but Russian gas should become more competitive, Vygaudas Usackas, head of the E.U. representative office in Moscow, said on November 18, Prime has reported.

19.11.2013 Colorado Proposes New Rules to Reduce Methane Leaks

Colorado proposed new rules on November 18 to reduce methane leaks from oil and gas operations, the first effort in the country to address emissions of the greenhouse gas that is a byproduct of the domestic fossil fuel boom, Los Angeles Times has reported.