shale | Egypt Oil & Gas - Part 5
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, former director of the Central Intelligence Agency. The Midd...
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. “Shale oil is a phenomenon that will s...
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. The lowest oil prices in over six years have fueled a resurgence in U.S. g...
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. According t...
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. Crude plunged for eight of nine weeks prior to the group’s November gathering, wh...
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. Solar power capacity in the U.S. has jumped 20-fold since 2008 as companies including Apple Inc. use it to reduce their carbon footprint....
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 re...
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. “We believe that should West Texas Intermediate p... 
