Shale Oil / Shale Gas

Exclusive: Exxon Mobil chief revamps refining, chemical operations – spokeswoman

Exclusive: Exxon Mobil chief revamps refining, chemical operations – spokeswoman

Published 27/11/2017

Darren Woods, Chairman & CEO of Exxon Mobil Corporation speaks during a news conference at the New York Stock Exchange (NYSE) in New York, U.S., [more…]

U.S. oil exports boom, putting infrastructure to the test

U.S. oil exports boom, putting infrastructure to the test

Published 30/10/2017

Tankers carrying record levels of crude are leaving in droves from Texas and Louisiana ports, and more growth in the fledgling U.S. oil export market may before long test the limits of infrastructure like pipelines, dock space and ship traffic. [more…]

South Korea expects arms, shale gas on U.S. agenda in trade talks

South Korea expects arms, shale gas on U.S. agenda in trade talks

Published 13/10/2017

South Korea's trade minister Kim Hyun-chong said on Friday the United States may demand that Seoul guarantees it will step up arms purchases and imports of U.S. shale gas if the two countries renegotiate a free trade agreement. [more…]

U.S. shale hinders hopes for oil market rebalancing: Reuters poll

U.S. shale hinders hopes for oil market rebalancing: Reuters poll

Published 29/09/2017

Oil prices are unlikely to rise much beyond this month's two-year highs this year, as concern among analysts persists that growing U.S. shale output will hamper the rebalancing between global crude supply and demand, a Reuters poll showed. [more…]

Harvey throws a wrench into U.S. energy engine

Harvey throws a wrench into U.S. energy engine

Published 28/08/2017

A hurricane in the heart of the U.S. energy industry is set to curtail near-record U.S. oil production for several weeks, with the impact expected to reverberate throughout the country and across international energy markets. [more…]

Oil eases as rising output weighs, but still near nine-week highs

Oil eases as rising output weighs, but still near nine-week highs

Published 07/08/2017

Oil prices edged down on Monday but still held near nine-week highs, supported by robust U.S. jobs data last week and a slight fall in the U.S. drilling rig count, even as rising output from OPEC reined in crude markets. [more…]

U.S. oil prices open above $50 for first time since May, but headwinds persist

Published 01/08/2017

FILE PHOTO: A worker checks the valve of an oil pipe at Nahr Bin Umar oil field, north of Basra, Iraq December 21, 2015.

U.S. oil opened above $50 per barrel for the first time since late May on Tuesday, supported by strong fuel demand, but ongoing high supplies from producer club OPEC kept prices from rising further.

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ConocoPhillips trims capex after posting quarterly loss

ConocoPhillips trims capex after posting quarterly loss

Published 27/07/2017

ConocoPhillips Chairman and Chief Executive Officer Ryan M. Lance (C) rings the closing bell at the New York Stock Exchange (NYSE), February 27, 2013.

ConocoPhillips (COP.N) cut its 2017 capital spending by 4 percent on Thursday, the latest U.S. oil and natural gas producer to do so in reaction to depressed crude prices.

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Big Oil turns to big data to save big money on drilling

Big Oil turns to big data to save big money on drilling

Published 23/06/2017

FILE PHOTO - A pump jack used to help lift crude oil from a well in South Texas’ Eagle Ford Shale formation stands idle in Dewitt County, Texas, U.S. on January 13, 2016. REUTERS/Anna Driver/File Photo

In today's U.S. shale fields, tiny sensors attached to production gear harvest data on everything from pumping pressure to the heat and rotational speed of drill bits boring into the rocky earth.

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OPEC extends oil output cut by nine months to fight glut

OPEC extends oil output cut by nine months to fight glut

Published 25/05/2017

OPEC President, Saudi Arabia's Energy Minister Khalid al-Falih, and OPEC Secretary General Mohammad Barkindo talk to journalists before the beginning of a meeting of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, May 25, 2017. REUTERS/Leonhard Foeger

OPEC decided on Thursday to extend cuts in oil output by nine months to March 2018, OPEC delegates said, as the producer group battles a global glut of crude after seeing prices halve and revenues drop sharply in the past three years.

[more…]