At the end of each month, PennEnergy’s editorial staff will present its top ten picks for the best industry content in the power and petroleum sectors.
Below is a showcase of the most engaging and innovative news content in the petroleum industry for May 2012. Each selection features a short summary and a link to the original article. Enjoy!
Potential new oil recovery method field tested
Saudi Aramco’s EXPEC Advanced Research Center has embarked on a program to explore the potential of increasing oil recovery from carbonate reservoirs.
TransCanada to proceed with Keystone Hardisty Terminal
TransCanada Corporation announced it has concluded a successful open season for the Keystone Hardisty Terminal project.
Natural gas consumption hits record high
Data from the U.S. Department of Energy shows the nation's energy sector used a record amount of natural gas-fired generation this past February.
Natural gas pipeline hacking linked with China
Days after a report surfaced that the country's natural gas infrastructure has been under an ongoing cyber attack, investigators believe they may have identified a link to China.
Obama administration shifts support to natural gas
After committing early on in his term to renewable energy sources like wind and solar, President Barack Obama has steadily increased his support for increased natural gas exploration and production.
Nigeria losing 17 percent of oil to theft
Despite recent efforts to address the issue, Nigeria continues to lose a dramatic proportion of its oil production to theft.
Enterprise and Enbridge announce completion of Seaway Pipeline reversal
The reversal will initially provide 150,000 BPD of capacity, which is expected to increase to more than 400,000 BPD in the first quarter of 2013.
Iraq purchases drones to protect oil infrastructure
American officials recently announced Iraq intends to purchase some of the unmanned drones commonly used by the U.S. military in an effort to better protect the country's oil production and transportation infrastructure.
Repsol finds major offshore oil field in Brazil
Spanish oil exploration firm Repsol YPF SA recently announced it expects to find significant deposits of oil and natural gas at a new site off the coast of Brazil.
Major U.K. refinery to shut down
Petroplus' Coryton refinery could be forced to shut down in coming days after the plant's operators failed to secure any new source of funding.
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