united states | Egypt Oil & Gas - Part 4
Hope Ends for Future of Shale Gas in Poland
Hopes kindled just four years ago that Poland would become a gas exporter — a “second Norway,” in the words of then-foreign minster Radek Sikorski — have been doused by the decision of U.S. energy giant ConocoPhilips’...
US Overtakes Russia as Biggest Oil, Natural Gas Producer
The U.S. has taken Russia’s crown as the biggest oil and natural-gas producer in a demonstration of the seismic shifts in the world energy landscape emanating from America’s shale fields. U.S. oil production rose to a...
US Companies With Low Cost Oil Set to Become Main Focus
“When something on this scale happens, every board asks: ‘What do we do?’ And they call in their M&A advisers and ask them the same question.” According to one senior oil executive, Royal Dutch Shell’s £55bn offer...
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 ...
Pipeline That Caused California Oil Spill Was Badly Corroded
A pipeline rupture that spilled an estimated 101,000 gallons of crude oil near Santa Barbara last month occurred along a badly corroded section that had worn away to a fraction of an inch in thickness, according to fe...
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...
Major US Pipeline Company Shells Out $2.15b for Texas Pipelines
Enterprise Products Partners LP, one of the largest pipeline companies in the U.S., will buy Texas oil and gas pipelines and processing plants from Pioneer Natural Resources Co. and Reliance Industries Ltd. for $2.15 ...
Abundance in Supply as OPEC Outputs Rise Causes Oil Prices to Fall
Crude oil prices dipped in early Asian trading on Monday as rising OPEC output and an expectation that the group would keep production high added to sentiment that the market remained over supplied despite ongoing fal...
