shale | Egypt Oil & Gas - Part 6
US Shale Oil Firms: Refracking Not Best Path in Downturn
Refracking, the practice of fracking an oil and gas well a second time, is still too unpredictable to rely on as a way to slash costs and increase output during the oil price slump, top U.S. shale oil executives said ...
Shale Gas Reserves Discovered in Sweden
Colossal reserves of shale gas have been discovered in Sweden, according to a survey published in The American Association of Petroleum Geologists Bulletin. According to a team of researchers, the gas field located in...
Top US Shale Producer Betting on Oil Price Hike to Expand Drilling
EOG Resources Inc., the biggest shale producer in the U.S., will increase drilling activity as soon as oil prices stabilize at $65, anticipating a six-week long price rally will continue through the end of the year.Th...
Shale Stocks Drop as Major US Investor Criticizes Industry
Money manager David Einhorn slammed the shale drilling industry that ushered in a new era of U.S. oil production as wasteful, expensive and a terrible investment. Shale explorers including Pioneer Natural Resources Co...
China to Cut Special Subsidies for Shale Operations
China will cut special government subsidies for shale gas developers in the next five years even as the country encourages explorers to produce more clean energy such as natural gas to replace coal. The subsidies will...
Crude Oil Price Climbs as Analysts Fear Disrupted Supply from Middle East
Brent crude oil increases to $65.37 per barrel amid concerns over disrupted supply from Middle East and slowdown in US shale oil production Conflict in the Middle East and a downturn in US shale oil production are sai...
Canadian Banks Liable to US Shale Producers After Plunging Oil Prices
Canada’s biggest banks are on the hook for at least $478 million of the $26 billion owed to U.S. oil and gas firms that bought protection against plunging crude prices. Bank of Montreal, Canadian Imperial Bank of Comm...
Argentina’s YPF to Ask for Russian Help in Exploiting Country’s Shale
YPF and Russia’s powerful Gazprom International are expected to conclude a Memorandum of Understanding (MOU) during Galuccio’s visit to Moscow. The large shale oil and gas deposit in western Argentina’s Va...
