ConocoPhillips in Negotiations to Make Bold Shale Move
American supermajor ConocoPhillips is in talks to acquire rival shale company, Concho Resources, in what represents a bold bet during a time when the industry is in a historically low period.
American supermajor ConocoPhillips is in talks to acquire rival shale company, Concho Resources, in what represents a bold bet during a time when the industry is in a historically low period.
US oil output is predicted to fall in October by 68,000 barrels per day (bbl/d) after output is set to decrease from seven major shale formations.
Saudi Aramco will soon finish the shale-production facilities it is building in northern Saudi Arabia.