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Shale
Oil Shale
China's Major Shale Gas Field Records Output Growth in Q1
The Fuling shale gas field in southwest China's Chongqing Municipality produced over 1.8 billion cubic meters of natural gas in the first quarter of 2022, up 1.…
Oil & Gas Supply
US Shale Oil Production Growth Revised Downward, Natural Gas Outlook Rises: EIA
The US shale oil production forecast was revised downward in March by 116,000 b/d, although it is now expected to hit the previous March projection in April, th…
Oil Shale
US Shale Still Finding Footing amid Market Chaos
US shale players are not eager to significantly increase oil and natural gas production despite growing calls from the political set to boost supply in response…
Oil&Gas Drilling
Shale Drilling Climbs Most in Month as Biden Calls for More Oil
Shale explorers returned to growth mode this week, adding the most rigs in a month as the Biden administration calls on them to unleash more crude to offset a b…
Crude Oil
US Shale Investors Worry over Impact of Output Jump
US shale oil investors are concerned that quickly ramping up production to capture soaring crude prices could upset confidence in the steady growth business mod…
Whiting Petroleum and Oasis Petroleum Sign $6bn Merger Deal
US-based shale producer Whiting Petroleum signed a merger deal with Oasis Petroleum to create a new enterprise, valued at approximately $6bn.
Oil Shale
U.S. Shale Producers Oasis, Whiting to Merge in $6 Bln Deal
U.S. shale oil and gas producers Oasis Petroleum Inc OAS.O and Whiting Petroleum Corp WLL.N will merge in a $6 billion deal, the companies said on Monday.
Oil Shale
OPEC Meet with U.S. Shale Executives at U.S. Energy Conference as Oil Prices Skyrocket
Officials from the Organization of the Petroleum Exporting Countries on Monday met with executives of several top U.S. shale oil companies at a top U.S. energy …
China
China's Major Shale Gas Field Adds 19 New Wells
The Fuling shale gas field in southwest China's Chongqing Municipality has put 19 new wells into operation this year, increasing the daily gas output by 1.06 mi…
Oil Price
Putin’s Threats Against Ukraine Could Reinvigorate the U.S. Oil and Gas Industry
Russian President Vladimir Putin has long made it clear that he is no fan of U.S. shale drilling. But, if he invades Ukraine, he may unwillingly help bring back…
Crude Oil
Top U.S. Shale Producer Worries Oil Prices could Run too Hot
Scott Sheffield, the chief executive of top U.S. shale producer Pioneer Natural Resources Co, on Tuesday said he worries oil prices could get too high and furth…
Oil Field
Aramco awards $10B in Contracts for Vast Jafurah Shale Gas Field Development
In late November, the Saudi Arabian Oil Company announced the start of development of the vast Jafurah unconventional gas field, the largest non-associated gas …
Oil Shale
Exclusive: Exxon Launches Sale of Shale Gas Properties in Texas
Exxon Mobil on Monday launched a sale of its oil and gas properties in the first major U.S. shale field, a spokesperson confirmed, as part of a portfolio reshuf…
Oil Shale
Petrobras Sells Shale Oil Unit to Canadian Bank
Brazil's state-run oil company Petrobras signed a contract to sell its Shale Industrialization Unit for $33 million to Forbes & Manhattan Resources
Oil Price
Shale Operators Stay the Course Despite Oil Price Rally
After spending a year heeding investor calls for prudence, independent US shale producers are in no rush to use windfalls from surging oil prices to ramp up out…
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