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Iraqi Kurds, Turkey to double oil export pipeline capacity

ALI BERAT MERIC and SELCAN HACAOGLU ANKARA, Turkey (Bloomberg) -- The Kurdish regional government in Iraq and Turkey are working to at least double the capacity of a pipeline that allows the Kurds to export crude oil, Turkish Energy Ministe......【More】

2014-08-21

Canada oil train crash report finds new safety steps needed

LAC-MEGANTIC, Quebec (Bloomberg) -- Canada must take a greater role to improve rail safety and demand railroads put measures in place to prevent runaway trains such as the one that destroyed the downtown of Lac-Megantic, Quebec last year, t......【More】

2014-08-20

IEA rates Brazilian oil production as "exceptional"

PARIS -- The International Energy Agency (IEA) classified as exceptional the increase in oil production in Brazil in the second quarter of this year, in a monthly report released Aug. 12. According to the report, Brazilian oil production re......【More】

2014-08-19

Oil sands at biggest risk from falling crude price, study says

LONDON (Bloomberg) -- ConocoPhillips and Royal Dutch Shell Plc are among global oil companies needing crude prices as high as $150 a barrel to turn a profit from Canadas oil sands, the costliest petroleum projects in the world, according to......【More】

2014-08-18

ZAK sees hydrogen blast at Poland ammonia plant

A hydrogen explosion at Polands Zaklady Azotowe Kedzierzyn (ZAK) led to eight injuries and forced the companys ammonia unit to shut down, the company said on Wednesday. ZAK said the situation is under control, with hydrogen being flared. Th......【More】

2014-08-14

Tata Steel inks contracts with Subsea 7 to supply undersea pipes

MUMBAI, India -- Tata Steel has signed a series of contracts with Subsea 7 to supply undersea pipes to four separate North Sea projects. The four contracts, signed over the past year and worth an estimated $13.4 Million (10 million) in tota......【More】

2014-08-13

Noble Energy, Marathon take the plunge in deepwater Gabon

HOUSTON -- Noble Energy and Marathon have announced the signing of PSCs to explore in deep waters offshore Gabon. Noble Energy has signed a PSC with the Government of Gabon covering Block F15 in the Gabon Coastal Basin. Under the terms of t......【More】

2014-08-12

Kinder Morgan merges oil, gas, pipeline assets in consolidation

HOUSTON (Bloomberg) -- Kinder Morgan Inc. will merge all its oil and natural gas storage and pipeline partnerships under the corporate parent in a $70 billion consolidation that creates the largest energy infrastructure company in North Ame......【More】

2014-08-11

Borealis pushing ahead on US ethane import plan

Borealis, an Austrian petrochemical company controlled by Abu Dhabi, signed a long- term ethane supply contract with Antero Resources as it pushes ahead with a plan to import cheaper US feedstock for its plant in Sweden. Navigator Holdings......【More】

2014-08-08

China to multiply LNG fleet

Beijing will seek to build 50 new LNG tankers by 2020 as part of its quest to secure an energy supply chain, and to boost its ailing shipbuilding sector, Reuters reports. According to the news service, six home-built tankers, constructed by......【More】

2014-08-07