Business news - 27 May 2014

According to GlobalData, China and Australia are emerging as major upcoming markets for shale developments.

GlobalData has said that infrastructure projects in Canada are going to allow Canada to gain first mover advantage for North American crude oil exports.

The Roadmap covers eight areas and will be executed between 2014 and 2018 in three stages.

Cairn Energy PLC selects Aquaterra Energy as partner of choice for riser analysis projects.

Rosneft and PDVSA sign a long-term contract for the supply of oil and oil products.

The Federal Pipeline and Hazardous Materials Safety Administration has imposed new safety requirements on the construction of the northern section of Keystone XL.

Alliance Pipeline has filed an application with Canada's NEB for regulatory approval of the tolls and tariff provisions required to implement its new services.

Expro awarded multi-year SONAR production testing contract in the Middle East.

OAO Severstal has begun shipments of 813 mm dia. pipes for the South Stream offshore pipeline.

In cooperation with Verbundnetz Gas, Gazprom will increase the stability of gas supply to its European consumers in the autumn-winter period.

Vallourec to supply premium line pipe solutions for the offshore TEN Project in Ghana.

Nancy Yamaguchi, Contributing Editor, looks at the US shale revolution and its impacts on the oil industry.