shale | Egypt Oil & Gas - Part 5

OPEC Still Dominant Player Despite Booming US Shale

OPEC's announcement that it is keeping crude output levels unchanged again, despite a collapse in oil prices, reflects the growing influence of booming US shale but analysts say the cartel is still the dominant player.

Saudi Oil Policy Misunderstood in US, says Former CIA Director

Saudi Arabia is trying to maintain its share of the global oil market rather than use its power in OPEC to curb U.S. producers, according to David Petraeus

OPEC Accepts US Shale Oil in Strategy Shift

The OPEC cartel, which meets on output this week, appears to have changed its approach to US shale oil -- which it now welcomes as part of the global energy landscape.

OPEC Becomes an Ally for US Amid Changing Times

The Obama administration has found an unlikely ally in its efforts to keep pushing more biofuel into the nation's gasoline supply: OPEC.

As Energy Demand Rises, Mediterranean Region Readies for the Challenge

Mediterranean states are on track to increase energy demand by 50 percent over the next 25 years, according to regional researchers, with the brunt of the growth falling on the southern part of the region.

OPEC Siding with Saudi Over Oil Price War

When Saudi Arabia argues next week that OPEC should keep up production to fight the rise in U.S. shale oil, prices will be on its side.

Solar Power Looking to Outpace Shale in the United States

Move over shale. The sun is now the fastest growing source of U.S. electricity.

PetroChina Accounces First Large Scale Shale Oil Field Discovery

PetroChina announced on its official website on May 26 that the country's first 100-million-tonne large-scale shale oilfield has been discovered, the Xinanbian oilfield in northern Shaanxi, adding further oil resourc ...

Shale Oil Producers to Ramp Up Drilling: Goldman Sachs

Shale oil producers, benefiting from lower costs, are expected to ramp up drilling activity if the price of U.S. oil stays near $60 a barrel, Goldman Sachs said.

UK’s Third Energy Applies for Gas Fracking Permission

Independent oil and gas producer Third Energy has lodged an application for hydraulic fracturing, or fracking, at a shale gas site in northeast England, the third such application being assessed by British authorities.

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