US to become top oil producer by 2019 at latest, IEA says
The US will soon beat Russia to the title of "world's biggest oil producer", the International Energy Agency (IEA) said, according to a news report.
shale
Shell shows interest in BHP assets amid plans to expand in shale
Shell said it’s potentially interested in BHP Billiton’s oil assets on sale in the Permian basin in the US as it seeks to boost its role in shale.
BHP speeds up plans to exit $10bn US shale unit
BHP Billiton is accelerating plans to exit its $10 billion U.S. shale unit, flagging that deals could be announced before the end of the year.
OPEC says shale won’t thwart plan to clear glut
Surging output of U.S. shale oil won’t be a “huge distorter” of efforts by global crude producers to clear a glut, according to OPEC’s president.
Oil’s rally from worst week in two years restricted by shale fears
While oil is rebounding from its biggest weekly decline in two years, a surge in U.S. shale still looms over the market.
Can The Shale Boom Avoid These Bottlenecks?
Shale companies continue to drill at a frenzied pace, adding rigs and breaking U.S. oil production levels with each passing week. Yet, the oil production is becoming increasingly geographically concentrated. Not only is the Permian basin accounting for much of the new oil production in the U.S., but a relatively small number of counties within the Permian are home to most of that action.
Oil Below $70 as U.S. Shale Surge Looms Over Bullish Banks
Brent crude traded below $70 a barrel as the specter of expanding U.S. supply was weighed against Wall Street banks’ growing faith in a price rally.
Why is the shale industry still not profitable?
Echoing the criticism of too much hype surrounding U.S. shale from the Saudi oil minister last week, a new report finds that shale drilling is still largely not profitable. Not only that, but costs are on the rise and drillers are pursuing "irrational production."
Rig-count chaos: Shale drillers are confusing US oil analysts
Call it a rig-less recovery.
Oil fightback sets stage for another OPEC-shale battle in 2018
Oil’s revival from the biggest crash in a generation persisted, with prices set for a second annual gain after weathering everything from hurricanes and Middle East conflict to the tussle between OPEC and U.S. shale.
BNK Petroleum announces drilling and bank borrowing increase
BNK Petroleum Inc. has announced that its indirect wholly-owned subsidiary BNK Petroleum (US) Inc. has obtained an increase in its Borrowing Base to US 30,000,000 on its US 75,000,000 revolving line of credit (“credit facility”) from BOK Financial (“BOKF”).
Five oil signals to watch as 2018 pits OPEC against U.S. shale
Oil traders are going to have their work cut out in 2018.
Oil dips as OPEC deal expected to cause potential shale surge
Oil retreated amid worries that OPEC’s deal to extend production cutbacks may take U.S. shale activity to a whole new level.
Million-barrel oil hedging surge signals shale boom here to stay
Oil explorers took advantage of a market rally to lock in prices for almost 1 million barrels a day’s worth of future output, signaling the shale boom’s staying power as OPEC ponders the extension of its supply curbs.
Ineos wins extension to injunction against unlawful protests at shale sites
A High Court judge has continued an injunction obtained by energy giant Ineos prohibiting unlawful activities such as trespass or obstruction at its shale gas sites.
High court ruling due on injunction at Ineos shale gas sites
A High Court judge is ruling on whether an injunction obtained by energy giant Ineos prohibiting unlawful activities such as trespass or obstruction at its shale gas sites should be continued.
US shale to power ahead after cuts boost prices, Opec says
OPEC said shale oil production will grow considerably faster than expected over the next four years after the group’s output cuts triggered a crude-price recovery that helped U.S. producers.
Pioneering map to provide Scottish fracking and oil production clues
A first land motion map has been created showing movement across Scotland.
Encana calls time on Permian land race as focus switches to output
Encana Corp. Chief Executive Officer Doug Suttles says drillers in Texas’s prolific Permian Basin can no longer impress investors with how much acreage they’re snapping up or how quickly they’re boosting production.
Ineos appoints new shale boss to build a UK natural gas boom
Ineos AG, Britain’s largest closely held company, has taken another step toward creating a shale boom on its side of the Atlantic.
Shale and oil sands need prices above $50 to pay off
Shale drillers and oil sands producers have posted some healthy profits so far this year, but it’ll take oil consistently above $50 a barrel for their investments to pay off in the long run.
Judge renews Ineos injunction against trespassing at fracking sites
A judge has renewed an injunction obtained by energy giant Ineos prohibiting unlawful activities such as trespass or obstruction at its shale gas sites.
Fracking campaigners return to court hoping to overturn decsision
Campaigners fighting to overturn a Government decision to approve a fracking site in Lancashire are returning to court for the latest round of their legal battle.
Prolonged shutdowns from Harvey could strand shale output
The mutual dependency of pipeline companies and refiners is being magnified as Tropical Storm Harvey takes its toll on the Gulf Coast, putting at risk the U.S. shale boom.
Oil companies salivate for BHP Billiton’s shale acreage
Analysts expect a hot market for BHP Billiton’s shale acreage.