shale | Egypt Oil & Gas - Part 3
US Shale Producers Lose Price Bet
The majority of US shale oil and gas producers passed up the opportunity to hedge prices by guaranteeing at least $60/b last quarter, Reuters reported. Roughly 70% of US companies did not choose to hedge prices, osten...
South Africa Contemplating Petroleum Law Reforms to Facilitate Shale Boom
South Africa’s ruling African National Congress backed a plan to split legislation governing the oil and gas industry from mining laws, said Bloomberg, citing a document released by the ANC. The argument is that petro...
North Dakota Sets Records for Oil, Gas Production
The US state of North Dakota recorded an average gas production rate of 1.6 mcf/d and an oil production rate of 1.21m b/d for the month of June, reported USAToday. These rates are a record in the state for gas, and th...
Britain Fast Tracking Fracking Applications
The British government recently announced changes in the way applications for hydraulic fracturing (fracking), are processed, Reuters reported. The new regulations will allow local Communities’ Ministers to directly a...
Oil Prices Rally on News of Declining US Shale Production, OPEC Meeting
Global oil prices rose in mid August amid news of declining US shale oil production, and rumors of an emergency OPEC meeting, The Wall Street Journal reported. Prices for benchmark Brent crude rose nearly 4% on the IC...
Algerian Inducements for Petroleum and Shale Investments, Legal Reforms on Books
According to a US Energy International Administration press release the Algerian government is amending its foreign investment laws in hydrocarbons to attract investment and technology. This was in an historic attempt...
Task Forces Says UK Fracking ‘Could Be Safe’ Under Regulation
Fracking could potentially be done safely in the UK under “rigorous regulation”, but it is too early to say whether it would be “a good idea”, the Task Force on Shale Gas has reported. It said ...
Netherlands Bans Drilling for Shale Gas Until 2020
Government of Netherlands has banned drilling for shale gas in the country for the next five years over concerns about their environmental impact. The Dutch authorities will also not renew the existing licenses for sh...
