shales

China's Sinopec group, parent of Sinopec Corp., aims to more than double its receiving capacity of LNG over the next six years and lift domestic shale gas production by two-thirds by 2020. The plans are part of the state energy firm's efforts for clean fuel production to account for half of its total energy supply ...

State Impact Pennsylvania – Pennsylvania environmental regulators put a call out Friday for the public to weigh in on their draft final general permits to address methane emissions from new Marcellus Shale well sites and other natural gas facilities. Methane is the main component of natural gas. Compared ...

Capital discipline and shareholder returns should be the watchwords for the E&P industry, management teams have been told, and many of them have responded the FT says. Credit Suisse: "Cost structures are down and commodity prices are up. In this environment, a lot of companies are going to have ...

Ohio's shale gas country has had higher rates for two sexually transmitted diseases in the wake of the industry's rapid expansion, new research reports. The study from a team at the Yale School of Public Health adds to a growing body of knowledge exploring public health and social impacts of the fracking ...

Pennsylvania environmental regulators put a call out Friday for the public to weigh in on their draft final general permits to address methane emissions from new Marcellus Shale well sites and other natural gas facilities. Methane is the main component of natural gas. Compared to carbon dioxide, it's much ...

Democrat Conor Lamb declared victory this week with only a few hundred more votes than his opponent in the shale country congressional race in southwest Pennsylvania. The seat has been held by a Republican for more than a decade, but the results may be unofficial for weeks. Lamb, a Pittsburgh ...

LONDON (Bloomberg) -- Oil held above $61/bbl, paring the weekly loss, as investors weighed surging U.S. crude production against a warning from the International Energy Agency of an impending shortfall in global supplies. Futures in New York rose slightly Friday but headed for a weekly drop of 1.1%.

It's not an accident that the recovery in shale stocks over year-end 2016 and year-end 2017 both evaporated. Expect more starts and stops in the years ahead. Emerging limitations and developments within the shale sector will soon support higher oil prices. The maturing U.S. economy, with diminishing ...

U.S. shale is surging, threatening to take even more market share away from OPEC. But the prospect of U.S. oil edging out barrels from the Middle East is not nearly as simple as it might seem. Oil coming from the major shale plays in the U.S. is light and sweet, while a lot of oil coming from OPEC is medium ...

U.S. shale drillers have locked in higher prices for almost half of the oil they plan to pump this year, with oil hedges climbing above the historical average as producers take advantage of $60 a barrel oil. After the fourth quarter, U.S. oil companies increased their 2018 oil hedges to 48 percent, up from 30 ...

Oil prices reversed earlier gains in choppy trade on Tuesday, falling as American shale oil output surged and the U.S. stock market pulled back. A government forecast on Monday showed U.S. shale oil output is expected to rise to a record 6.95 million barrels per day in April. Libya said loadings of crude oil ...

U.S. shale oil output will hit nearly 7 million barrels a day next month, the Energy Information Administration forecasts. Output from seven shale regions will grow by 131,000 barrels a day, driven by gains in the Permian Basin in Texas and New Mexico. The forecast comes on the heels of the CERAWeek ...

Nutrient-rich volcanic ash may have fed similar dead zones that produced shale oil and gas fields from Texas to Montana. ... The rock record gets more incomplete as you go further back in time, but in terms of other U.S. shales, the Marcellus in Pennsylvania was laid down more than 400 million years ago ...

The biggest event of the oil and energy calendar, the CERAWeek, often dubbed as the annual pilgrimage of the industry was held last week in Houston. Industry leaders, policy makers, ministers, CEOs of energy majors, all were in attendance, endeavouring to decipher the mood of the industry and its future ...

U.S. shale drillers should pump another 131,000 barrels a day from six major plays this month, with the bulk of that coming from Texas' Permian Basin and Eagle Ford Shale, the Energy Department said Monday. The Energy Information Administration projected that West Texas oil producers in the Permian ...

Shale output at seven major U.S. oil and gas plays will climb by 131,000 barrels per day next month to hit a 6.954 million bpd according to a new report by the Energy Information Administration (EIA) on Monday. The Permian Basin, in New Mexico and Texas, will see the biggest climb, the data shows.

Better days ahead, as industry sits on brink of recovery · ShaleTech: Marcellus/Utica Shales · Turbodrills reduce well time and deliver lower cost per foot in hard and abrasive formations · A landmark year for the oil and gas industry · Geo-engineered completions improve recovery in unconventionals.

Shale crude-oil production from seven major U.S. oil plays is expected to see a climb of 131,000 barrels a day in April to 6.954 million barrels a day, according to a report from the Energy Information Administration released Monday. Oil output from the Permian Basin, which covers parts of western Texas ...

Saudi Arabia has big gas plans, with Aramco eyeing a twofold increase in its natural gas production over the next ten years as it seeks to switch local power plants to gas from oil, so it can export more crude. This gas, apparently, could come from shale deposits. The World Energy Council estimates that ...

A number of policy makers and scientists expect increased shale gas production to both reduce gas prices and lower greenhouse gas emissions. By replacing coal in electricity generation, shale gas has already contributed substantially to the observed 11% reduction in US greenhouse gas emissions since ...

Saudi Arabia's gas resources from shale and other alternative supplies are “huge,” Khalid Al Abdulqader, general manager of unconventional resources at Aramco, said Wednesday in Manama, Bahrain. Production at the kingdom's North Arabia basin will start by the end of March and reach its target by the ...

Shale oil pioneer Mark Papa warns that forecasts for U.S. production growth are overly optimistic. Papa says drillers in two major shale regions have burned through their best assets, and shareholders are pressuring companies to spend less money. The burden of meeting growing oil demand will fall on ...

U.S. oil production has surged to an all-time high, above 10 million barrels a day, driven by growth from America's shale fields. Despite the achievement, investors still worry about the prospects for shale drillers, who use expensive advanced technology to produce oil. The question of U.S. shale growth may ...

Oil States International Inc. (NYSE: OIS) is expanding its well completions business in key U.S. shale plays with an $85 million acquisition of Falcon Flowback Services LLC, the Houston-based company said Feb. 28. The acquisition comes as oilfield service M&A continues to heat up providing the industry ...

(Fresh throughout, adds details on auction, previous tenders and background) By Adriana Barrera MEXICO CITY, March 1 (Reuters) - Mexico will auction development rights to shale blocks in September, marking the first time the country has offered private oil companies the chance to develop the resource, ...

Not long ago, technological advancements led to the rise of U.S. shale. A significant increase in U.S. shale oil and shale gas production not only allowed the United States to reduce its oil import dependency but also influenced international oil prices. This may be good news from a consumer perspective, ...

America's role in the global oil market was flipped on its head in 2017. As shale producers cranked out more and more crude, the U.S. relied less and less on some of its traditional sources of oil. At the same time, exports of crude, gasoline and other refined fuels surged higher than ever before. Shale Surge

Range (NYSE: RRC) acquired more than 600 wells of Memorial Resource Development Corp. in a $4.2 billion all-stock deal that was helping it expand beyond Pennsylvania, where Range is one of the state's largest drillers. But Range executives acknowledged challenges in a conference call Wednesday ...

U.S. oil production reached a record high in November as the shale boom puts the nation among the world's biggest suppliers and upends global markets. Once the world's largest importer of crude, the U.S. is passing Saudi Arabia and closing in on Russia to become the world's largest producer. Oil prices ...

Fracing, or hydraulic fracturing, loosens hydrocarbons from shale by blasting water, sand and chemicals underground. Since December 2016, Oklahoma officials have counted 74 earthquakes of at least 2.5 magnitude that may be linked directly to fracing, said Matt Skinner, a commission spokesman, in an ...

Not long ago, technological advancements led to the rise of U.S. shale. A significant increase in U.S. shale oil and shale gas production not only allowed the United States to reduce its oil import dependency but also influenced international oil prices. This may be good news from a consumer perspective, ...

While the oil boom continues into 2018, investors who got into shale in time for the jump are anxious about their future payout – a payout that doesn't seem to be coming any time soon. The shale patch keeps producing huge amounts of oil, yet only a few drillers seem to churn out a profit. Investors are ...

“The comments from the IEA head about the pace of U.S. shale growth might have taken the wind out of the bull's sails,” said John Kilduff, a partner at Again Capital LLC, a New York-based hedge fund. Heftier stockpiles and a slide in refiner demand “should end up being a bearish factor for the market as ...

Shale drillers have squeezed more oil out of a given well over the past few years by becoming more efficient in their drilling operations. But the industry is still scaling up, and shale executives are now throwing around buzzwords such as “cube development” and “supersizing,” referring to the massive ...

U.S. shale production growth has outperformed even the most bullish forecasts, forcing OPEC and the International Energy Agency (IEA) to revise up American supply growth projections month after month. The U.S. Energy Information Administration (EIA) also expects shale/tight oil to continue to grow in all possible ...

Offshore crude oil extraction, including deepwater, is closing in on shale in terms of cost thanks to new production technologies, a senior Chevron executive said at an industry event, as quoted by Bloomberg. The company is laying pump networks on the ocean floor, connecting new wells with already ...