Business news

BNK Petroleum has completed drilling of its Gapowa B-1 exploration shale well in Poland, the results have so far validated the company’s geological predictions for the concession.

The two Latin American countries have signed an agreement that allows Ecuador to transport Amazon crude through a Peruvian pipeline.

A leading pipeline transportation and energy storage company in the US has announced significant oil and gas pipeline acquisitions.

Oil and gas imports and exports may be on the decline in Europe and the Mediterranean region, but the sector is as politically relevant as ever. Dr. Hooman Peimani looks at the transportation routes in the pipeline and their impact.

Jan De Nul Group launches its latest fall pipe vessel to be deployed in offshore oil and gas operations.

Sumitomo Corp. is to invest US$ 1.4 billion in exchange for 30% of Devon’s interest in approximately 650,000 net acres in the Cline Shale and the Midland-Wolfcamp Shale.

With its economy sinking under the weight of high energy costs, supply uncertainties and ripple effects of the Eurozone crisis, Ng Weng Hoong investigates India’s energy prospects and future plans.

Poland and Ukraine are planning to wean themselves off Russian oil and gas by developing domestic shale gas reserves.

North America is witnessing a fresh surge of natural gas production, which is encouraging investors to pump money into the industry, says a new report by natural resources expert GlobalData.

According to Nigerian regulators, Shell should be fined US$ 5 billion for environmental damage caused by an oil spill last year.

American Fuel & Petrochemical Manufacturers are calling for papers for the Reliability & Maintenance conference 2013.

The latest EIC Monitor quarterly report tracking new project announcements across the global energy industry shows an overall reduction in the number of projects announced during the second quarter of 2012.

EQT Corp has announced plans to convert drilling rigs to run on LNG rather than diesel in order to make oil and gas exploration more green.

Allegations of price fixing by Chesapeake and Encana have arisen as emails have been circulated showing how the two companies planned to avoid bidding against each other in Michigan land auctions.

The AFPM and API have both released statements commending the passage of the Domestic Energy and Jobs Act through the US House of Representatives.