shale | Egypt Oil & Gas - Part 7

Saudi Arabia Spearheads OPEC Oil Boom as U.S. Shale Slows Down

Saudi Arabia pumped close to a record amount of crude oil last month, leading the biggest surge in OPEC output in almost four years just as the U.S. shale boom shows signs of slowing, the International Energy Agency ...

Oil Price Slump Catches Up with Wells Fargo Bank

Net income was off 5% at $3.7b

Saudi Still Waiting for Non-OPEC Help, Moving into Shale

Saudi Arabia's oil minister Ali al-Naimi said on Tuesday that the kingdom stood ready to "improve" prices but only if other producers outside of the Organization of the Petroleum Exporting Countries (OPEC) joined the ...

UK Concerns Rise Over Proposed Fracking Regulations

Anti-fracking campaigners have accused the shale industry of wanting companies "to be allowed to mark their own homework" by suggesting independent checks on wells could be done in-house.

US Shale Oil Producers Struggle with Financing

Lenders are preparing to cut the credit lines to a group of junk-rated U.S. shale oil companies by as much as 30 percent in the coming days, dealing another blow as they struggle with a slump in crude prices, accordi ...

OPEC Expects US Shale to Decrease in Coming Year

US shale oil producers could reduce output late this year if low oil prices continue, according to a new report from the Organisation of Petroleum Exporting Countries (Opec).

Protests in Algeria Against Shale Gas Drilling

Thousands of Algerians demonstrated Saturday against plans to drill for shale gas in the south of the country.

Exxon Turns to U.S. Shale Fields to Lead International Growth

In a world of $55 a barrel oil, Exxon Mobil Corp. is relying on shale fields in Texas, Oklahoma and North Dakota to help fund the next wave of big overseas projects it needs to thrive in the future.

Aramco Extends Shale Gas Bid Deadlines

State energy firm Saudi Aramco has extended the deadline for companies to bid for work on its unconventional gas facilities in the north of the country, signalling it remains committed to developing shale gas deposit ...

BHP Billiton to Lower Shale Rigs in US by 40%

In response to lower oil prices, BHP Billiton will reduce its US shale drilling spending by reducing the number of rigs by 40%.

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