BHP Billiton is in talks with potential buyers of its US shale assets - acquired in a contentious $20billion deals spree in 2011 - and will delay a move into potash after months of public skirmishes with activist investors led by Paul Singer’s Elliott Management Corp.
Oil output from major U.S. shale plays is poised to reach a fresh record next month, further complicating OPEC’s efforts to support prices.
Highlands Natural Resources said today that it had started drilling on a shale project in Colorado.
Oil extended declines for a third day amid speculation that a predicted gain in U.S. output will offset OPEC-led efforts to trim a global glut.
A leading oil economist has warned that global production cuts agreed to by the Opec cartel and 11 other countries including Russia may not be enough to overcome the rise of US shale.
The “magic” of $50 oil is now in the sights of deep-sea drillers as they try to lure customer spending from shale wells on land.
The frantic shale race may be causing some long-term damage to assets in the Permian and other major U.S. oil fields.
Oil’s bear market may finally be taking its toll on the shale boom.
The biggest US oil-import hub wants to grab a piece of surging North American crude exports.
OPEC producers are finding that shale oil drillers aren’t their only adversaries in their battle to drain a three-year crude glut .
Police are investigating after a drilling rig was vandalised at a facility near Chesterfield, a news report said.
Halliburton has hired about 100 new workers each month this year to keep up with surging demand for fracking in West Texas, a sharp turnaround after the job-killing oil bust.
US oil companies are spending more money on so-called super-spec rigs, machines that churn out wells much faster than older models that led the first shale boom.
It took a surge of gas flowing out of UK for the country to finally take part in the US shale boom.
XTO Energy, the US shale drilling arm of Exxon Mobil, plans to move 1,600 workers to the Houston area from its Fort Worth headquarter offices starting in mid-2018.
The US shale industry isn't alone in the burst of oil production offsetting OPEC's cuts.
U.S. shale is coming perilously close to puncturing its own rally.
Coal appears to have no future in the energy market as consumption fell sharply for the second year in a row, BP said yesterday.
Oilfield service giant Halliburton's new incoming chief executive claims North America is the firm's "growth story today".
Oil bulls, take heart! U.S. drillers have dramatically reduced their hedging activity, a move that could portend a break in the production gains that have upended global crude prices.
America’s shale gas could soon head to China under long-term contracts for the first time, bolstered by a new trade deal that may not even change existing rules.
The UK’s onshore oil and gas trade body has called for the Scottish Government to realise fracking’s potential and ditch its moratorium on the technology.
It was all so simple. By lifting restraints on output, Saudi Arabia would stop subsidizing high-cost oil producers and halt the rapid rise in U.S. production that was eating into OPEC's market share. At least, that was the logic back in November 2014.
Wall Street banks’ growing optimism about the energy industry is the latest boost for US oil and natural gas producers already enjoying higher prices.
Schlumberger has signed a deal with Argentina’s YPF to start a shale oil pilot project in the South American country.