Business news

Chevron and its partners have plans to spend US$ 8 billion on expanding a Kazakh oilfield.

Shell Energy Europe (SEE) and SSE have agreed a 10 year gas supply agreement for Shell to supply long-term contractual gas to the UK market.

The White House Office of Management and Budget (OMB) has received a set of laws regulating fracking in the US and is due to review them.

At a recent meeting held by Gazprom executives, further headway was made into the Black Sea South Stream pipeline project.

Technip was awarded a contract by Kuwait Gulf Oil Company (KGOC), for the engineering, procurement, construction and commissioning assistance of their Gas and Condensate Export System project. The project is spread over onshore and offshore locations in two countries, Saudi Arabia and Kuwait.

The world’s leading oil exporter has offered to supply additional crude to India.

A major oil pipeline in the Syrian city of Homs has been damaged in the latest round of fighting in Syria between government troops and rebels.

The American Petroleum Institute say the President’s budget would tax one of the nation’s biggest job creators.

India has once again revised the date for the launch of its shale gas round.

In continued attempts to find alternatives to using Sudan’s infrastructure, South Sudan has signed a deal for a new pipeline to Djibouti.

American Fuel and Petrochemical Manufacturers say President Obama’s energy tax proposals would hurt consumers and workers

Copano is increasing its presence in the Eagle Ford Shale with a pipeline expansion and a new long-term contract.

Amid a deepening oil crisis and following months of disputes, landlocked South Sudan has signed a second oil pipeline deal in a bid to reduce its dependence on Sudan.

As production outstripped pipeline capacity in the Bakken shale, oil producers hit the wall and prices toppled.

Brent crude prices have continued to rise towards their highest value in the last six months.