Extending output cuts would ‘encourage’ US shale, IEA says
An extension to international production cuts would encourage the rival US shale sector, as it could fill the shortfall, the International Energy Agency (IEA) said today.
shale
Expiring hedges create uncertain 2018 for shale drillers
A surge in hedging contracts is helping U.S. shale drillers ride out the turmoil in global oil markets this year. Next year may not be so easy.
Marathon buys bolt-on 21,000 acres of Permian basin for $700million in cash
Marathon Oil (NYSE:MRO) has snapped up another 21,000 acres of Permian basin for $700million in cash.
IGas reveals debt restructuring plans, shares drop 5%
Shale company IGas said today that it planned to reduce its debts to £8million from £100million through a financial restructuring
US shale 2.0 challenges Opec again
When the who’s who of the oil industry met a year ago in Houston, Saudi Arabia’s energy minister had harsh words for U.S. shale drillers struggling with the worst price crash in a generation.
SNS 2017: Big questions over Scottish gas supply remain unanswered, CEO says
Scotland will have to answer some very big questions about energy supply over the next year, a leading industry figure has said.
Shell to spend $300m on Argentina shale project
Shell has struck a preliminary deal with Argentina’s YPF to develop a shale field in the South American country.
Empyrean nets shale sale cash for funding Chinese development
London listed Empyrean Energy (LSE:EME) has received $2.6million from the sale of its interest in the Texas based Eagle Ford unconventional play.
Investor honeymoon with OPEC falters as shale drilling booms
There are limits to investors’ love affair with OPEC.
Donald Trump could make US world-leader with $25 dollar oil, claims Wall Street analyst
A leading Wall Street investment expert claims that Donald Trump could make the US a world leading "energy powerhouse" during his presidency.
As OPEC acts on New Year’s resolution, US shale pumps away
U.S. shale is getting in the way of a New Year’s resolution by OPEC to cut production and boost the market.
Friends of the Earth says fracking talks with Ineos a ‘huge waste of time’
The director of a Scottish green group said yesterday that discussing fracking with chemicals giant Ineos would be “a huge waste of time”.
Ineos plans to frack near Robin Hood’s ‘old haunt’
Chemicals giant Ineos plans to look for gas under the forest made famous by the legend of Robin Hood.
New US study says communities net beneficiaries of fracking
New US research has indicated that the positives from fracking outweigh the negatives for communities.
Shale drillers promise no 2017 binges as oil hangover eases
Shale oil companies are ready to play chicken with supply and demand again.
Shale specter haunts OPEC as oil seen rallying into 2017
After pulling off the biggest oil-market deal in a decade, OPEC faces a new balancing act in 2017: boosting prices without igniting shale.
US shale is now cash flow neutral
Oil prices are probably already high enough to spark a rebound in shale production.
There’s Profit in Destroying Things the Shale Boom Left Behind
When business is bad for the coal industry, it’s good for Mark Loizeaux.
Goldman says Saudis wrong to rule out US shale oil rebound
Saudi Arabia is wrong to think that U.S. shale production won’t respond to higher oil prices in 2017, according to Goldman Sachs Group Inc.
Firm aims to generate ‘green gas’ at sites planned for fracking
A renewable energy firm has submitted planning applications for schemes to generate “green gas” from grass - on sites where fracking is planned.
Former Greenpeace director to advise Ineos on climate change
A former executive director of Greenpeace is to advise petrochemical giant Ineos on climate change.
Shale fracking rebound starts with costlier grains of sand
The oilfield service companies that supply everything from sand to sophisticated robot rigs are seeking a new lease on life as America’s fracking fortunes begin to turn.
Union claims future of fracking “desperately needs examination”
A union has claimed the future of fracking "desperately needs examination" after a new shale gas site was given the go-ahead.
Shale expert tells Scottish Government to look at US examples of good fracking
Hydraulic fracking can be carried out safely and responsibly in Scotland if the right regulations are put in place, a shale gas expert said.
SNP to face pressure on fracking as expert findings published
The SNP will face renewed pressure to make a decision on fracking today when ministers publish a plethora of expert evidence on its impact.