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Shale gas to boost investmentsThe shale gas advantage of North American petrochemical majors provides a boost for investments in the region, primarily in the US. However, the oil price crash narrowed this advantage and is likely to af More… |
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Shale gas to boost investmentsThe shale gas advantage of North American petrochemical majors provides a boost for investments in the region, primarily in the US. However, the oil price crash narrowed this advantage and is likely to af More… |
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ConocoPhillips to buy shale-rich land in CanadaUS-based ConocoPhillips, a global energy corporation, said that it has signed an agreement to buy land in Canada from Kelt Exploration in the shale-rich Montney acreage for cash consideration of approximately $375 million. This ac More… |
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US shale supply badly hit by price warFollowing the WTI price fall to around $30 per barrel due to an oil price war between Saudi Arabia and Russia, US shale production has been badly hit. The outlook is quite difficult for indebted shale operators, says an analyst. More… |
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DTE Energy buys natural gas pipeline for $2.25bnUS-based DTE Midstream, a non-utility business of DTE Energy, said it will acquire a natural gas gathering system and pipeline in the Haynesville shale formation of Louisiana for a purchase price of $2.25 billion in cash. The deal More… |
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New oil find studies encouraging: Bahrain ministerReservoir simulation studies at the Khaleej Al Bahrain basin, where the kingdom discovered some 80 billion barrels of tight oil, have been encouraging and by the end of next year there could be an international company engaged in the first dev More… |
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What if oil goes to $100?Brent is expected to peak at $95 per barrel (/bbl) by the end of Q2 2019, said the Bank of America Merrill Lynch (BofAML), citing a forecast by Francisco Blanch and team and analysing the impact on global growth of an even larger and more More… |
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Global energy investment drops 2pc to $1.8trn in 2017Global energy investment totalled $1.8 trillion in 2017, a 2 per cent decline in real terms from the previous year, said the International Energy Agency (IEA) in a new study, citing the World Energy Investment 2018 report. The ele More… |
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Oil revival sets stage for Opec-shale clash in 2018Oil continued its revival from the biggest crash in a generation, with prices set for a second annual gain after a year marked by hurricanes, Middle East conflict and the tussle between Opec (Organization of Petroleum Exporting Countries) and More… |
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Simulation of new oil find encouraging: Bahrain ministerReservoir simulation studies at the Khaleej Al Bahrain basin, where the kingdom discovered some 80 billion barrels of tight oil, have been encouraging and by the end of next year there could be an international company engaged in the first dev More… |
