News / International
Iran PetroChem Export Balancing Act Needs Russian Help
Russia is in talks with Iran for supplies of petrochemical products in exchange for assets as part of their barter deal, an official in Tehran has said.
Tankers Become Top Option for Moving Caspian Sea Oil
Since the 1991 collapse of the USSR, the Caspian basin has come surging into the global oil and natural gas market. The U.S. government’s Energy Information Administration estimates that the Caspian could contain as much as 250 billion barrels of recoverable oil along with 200 billion barrels of potential reserves, in addition to up to 9.2 trillion cubic meters (tcm) of recoverable natural gas, with conservative estimates valuing its reserves at more than $12 trillion. Needless to say, this attracted Western attention; in 1998 U.S. Vice President Dick Cheney remarked, “I can’t think of a time when we’ve had a region emerge as suddenly to become as strategically significant as the Caspian.”
Great Lakes’ Petroleum Pipeline Line 5 Deemed a Threat
There would never be a petroleum pipeline built today that runs underwater through the Great Lakes like the controversial Line 5, Canadian petroleum transport giant Enbridge's more than 60-year-old, parallel pipelines running through the Straits of Mackinac, Michigan Attorney General Bill Schuette said.
UK’s Frontera and Ukraine’s Naftogaz Sign Agreement
Frontera Resources Corp on Wednesday said it has signed a strategic memorandum of understanding with Ukrainian state-owned oil and gas company Naftogaz.
Task Forces Says UK Fracking ‘Could Be Safe’ Under Regulation
Fracking could potentially be done safely in the UK under "rigorous regulation", but it is too early to say whether it would be "a good idea", the Task Force on Shale Gas has reported.
Netherlands Bans Drilling for Shale Gas Until 2020
Government of Netherlands has banned drilling for shale gas in the country for the next five years over concerns about their environmental impact.
PX Pressure Exchanger for Oman Water Plant
Energy Recovery, a leader in pressure energy technology for industrial fluid flows, has won an order worth $3.96 million to deploy its PX Pressure Exchanger technology in an independent water plant located in Qurayyat, Oman.
ABB Wins EPC Automation Contract in UAE
ABB, a leading power and automation technology group, said it has been awarded a $100-million contract by Hyundai Heavy Industries to provide power and automation solutions for oilfields off the UAE coast.
