shale oil

  • Bahrain to Begin Shale Oil Production

    Bahrain to Begin Shale Oil Production

    Monday, 11th March 2019

    Bahrain began the first shale oil well drilling a few months ago.

  • Oil Shortage Might Lead to Investments, Discoveries Decline

    Oil Shortage Might Lead to Investments, Discoveries Decline

    Tuesday, 11th July 2017
    The world might face an oil supply shortage following a steep drop in investments and a scarcity of fresh conventional discoveries, Saudi Aramco's CEO, Amin Nasser, stated.
  • Iran Discovered Its First Shale Oil

    Iran Discovered Its First Shale Oil

    Monday, 20th February 2017
    Iran has discovered its first shale oil reserve containing over 2b barrels of light crude. The deposit is located in the western province of Lorestan.
  • Angola Secures 10-Year Commitment from Chinese Oil Firm

    Angola Secures 10-Year Commitment from Chinese Oil Firm

    Thursday, 17th December 2015
    Angola’s state energy company Sonangol signed a 10-year agreement with Sinochem Group seeking to increase its funds to withstand low oil price and US shale competition.
  • Argentina to Cut Energy Subsidies, Lure Investors

    Argentina to Cut Energy Subsidies, Lure Investors

    Tuesday, 1st December 2015
    Argentina's newly appointed Energy Minister, Juan Jose Aranguren, has announced his ambition to boost investors' confidence in the country through enhancement of business conditions.
  • OPEC and Experts Say Oil Prices to Recover in 2016

    OPEC and Experts Say Oil Prices to Recover in 2016

    Tuesday, 10th November 2015
    The oil market is expected to become more balanced in 2016 as demand continues to grow, OPEC Secretary-General Abdullah al-Badri announced on Monday.
  • Qatar Petroleum Feels Oil Price Pinch, Restructures

    Qatar Petroleum Feels Oil Price Pinch, Restructures

    Monday, 18th May 2015
    State-owned Qatar Petroleum will announce a restructuring plan in the coming months to adapt to the drop in oil prices, the head of its wholly owned international subsidiary said.
  • US Shale Drillers Plan Strategy

    US Shale Drillers Plan Strategy

    Monday, 20th April 2015
    American oil drillers, battered and bruised by the steep drop in crude prices, are descending on Houston this week to plan their survival.
  • US Oil Production for 2014 at 100 Year High

    US Oil Production for 2014 at 100 Year High

    Monday, 6th April 2015
    U.S. crude oil production surged last year by the largest volume in more than 100 years. American producers pumped an additional 1.2 million barrels per day of crude oil and condensate in 2014 compared with the year before, reaching 8.7 million daily barrels, according to the U.S. Energy Information Administration.
  • US Shale Oil Producers Struggle with Financing

    US Shale Oil Producers Struggle with Financing

    Thursday, 2nd April 2015
    Lenders are preparing to cut the credit lines to a group of junk-rated U.S. shale oil companies by as much as 30 percent in the coming days, dealing another blow as they struggle with a slump in crude prices, according to people familiar with the matter.