Pipeline Politics to Cost Canadian Economy $10.7B in 2018
Delayed oil pipeline construction is causing a steep discount for Canadian crude prices that is costing the economy roughly $15.6 billion a year, according to Scotiabank.
Mining Maintenance Boom Drives Huge Contractor Opportunities
Contractors in areas such as mechanical, electrical and equipment servicing are set to grab billions of dollars’ worth of opportunity as expenditure on maintenance and servicing...
Wave-shaped Pipes Capable of Better Withstanding Earthquakes
A new form of wave-shaped steel piping promises to enhance the seismic resistance of oil or water utilities infrastructure that traverses earthquake-prone fault lines.
US Congress Approves Keystone Pipeline
The US Congress has given final approval for the Keystone XL pipeline transporting Canadian oil to US refineries, but President Barack Obama is pledging to veto...
Renewable Energy Will Win the Battle Against Fossil Fuels
Given the recent decline of global oil prices, now to below US $50, one can be forgiven for wondering whether renewables-based electricity might lose the battle...
Caterpillar Q4 Earnings Drop
US heavy equipment maker Caterpillar says the plunge in oil prices hit the company's earnings in the fourth quarter of 2014.
How Technology is Revolutionising the Oil and Gas Industry
When a compressor at Chevron’s massive Sanha gas field off the coast of Southern Africa showed subtle signs of overloading, the first person to notice was...
Oil Majors not Threatened by Renewables
Two decades ago, BP set out to transcend oil, adopting a sunburst logo to convey its plans to pour $US8 billion over a decade into renewable...