shale | Egypt Oil & Gas - Part 7
Oil Price Slump Catches Up with Wells Fargo Bank
Wells Fargo’s first-quarter profits slipped for the first time in seven years, as the biggest bank by market capitalisation in the US set aside more reserves to cover potential losses on its $18.5 billion (Dh67.9 bill...
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 ...
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. A report by the R...
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, accordin...
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). The oil producing cartel left its estimate...
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. Organizers say more than 1,000 demonstrators protested in Ouargla, a city 466 miles south of Algiers. Anot...
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. Exxon unveiled pla...
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 deposits...
