US to set up emergency gas reserves

The US Government is to create the nation’s first two gas reserves in the Northeast after Hurricane Sandy in late 2012 left motorists in the region without fuel. The stockpile will be located near New York Harbor and in New England, with each location storing 500,000 barrels of gas – enough to provide short-term relief […]

China to invest ¥12.8bn on shale gas exploration

Businesses in China are set to invest around ¥12.8 billion (£1.3bn) for shale gas exploration in the country. A total of 16 firms have been awarded exploration rights on 19 shale gas areas to search and develop the “blocks” in the next three years, according to the Chinese Ministry of Land and Resources. The news […]

Guinea brings in US firm to develop petrochemical industry

Equatorial Guinea has brought in Energy Allied International to develop the petrochemical sector in the country. The new partnership with the Houston based firm will also bring more jobs hopefully drive the country closer to become an emergent and sustainable economy by 2020. The Ministry of Mines, Industry and Energy will work with Energy Allied […]