Business news - 25 February 2011

In less than three years of development, the Eagle Ford Shale already accounts for over 6% of the Gross Regional Product for the 24-county South Texas area it encompasses.

API urges a considered political response to a new study documenting the economic potential of the Alaskan OCS resources.

Information on the event based in Denver is now available online.

BP has cast serious doubt on the feasibility of the Nabucco pipeline by claiming that the cost estimate is too low.

Telvent have been contracted to design, install, configure, test and commission the 800 km Jingbian-Xi’an pipeline control and communications systems.