Business news - 05 March 2014

CIT serves as sole lead arranger in US$ 43 million financing to Laney Directional Drilling.

API has said that Obama’s budget for FY 2015 adds to the deficit of new ideas, repeats calls for US$ 92 billion oil and gas tax hike.

Queen’s University has been included in the ICheme roll of honour in recognition of its mercury removal process.

President Obama’s 2015 budget proposal makes critical investments in all of the above energy strategy and national security.

Gazprom Neft connects Badra field to main Iraqi pipeline system.

TransCanada makes initial filing for Cdn$ 12 billion Energy East oil pipeline.

Petrogas has entered into an agreement with Chevron to buy a storage and distribution facility for bulk shipments of propane, butane and iso-butane gas.

US President Obama has requested US$ 711.0 million for fossil energy programs in the FY 2015 budget.