Sentences with phrase «american shale drillers»
American shale drillers using the same technology have flooded their domestic market in recent years, pushing out higher - cost Canadian supply.
http://www.canadianbusiness.com/ Not exact matches
In our Special Energy Report: An American Energy Renaissance, we highlight that just a few years ago investors were contemplating the supply constraints facing the petroleum industry, but with the disruptive technology in shale oil and gas in the U.S., we could now be looking at decades of drilling ahead.
A rush to invest and drill Top producers Chesapeake Energy and Exxon Mobil Corp., along with hundreds of big and small oil and gas producers, are pouring billions of dollars into developing North American shale formations.
The formation, composed of layers of shale and hydrocarbons, is beneath land that has been the site of conventional oil and gas drilling since the 1880s, when American oil companies first began operating.
A key element in the success of North American shale gas production has been combining cost - effective horizontal drilling, a technique developed over the last 30 years, with hydraulic fracturing, which has been practised since the 1940s.
Better yet would be to debate an energy policy for the USA, including opening up exploratory oil and gas drilling including shale deposits, limiting the exponential growth of regulations currently stifling new exploration, ending the EPA regulatory war on coal, reactivating the Keystone pipeline, etc.; these issues have direct impact on American jobs and future energy independence, both of which are more important issues for US voters (and presidential candidates) than any «climate» debate.
The quick reaction time by some of the high - cost producers, notably the American shale oil drillers, is why one of the world's foremost oilmen, Sadad Al - Husseini, the former executive vice-president of Saudi Aramco, the world's biggest oil and gas company, is becoming bullish on oil even as Brent prices sink to the low $ 60s.
american - energy oil - and - natural - gas - production gasoline - prices domestic - production imports fossil - fuels economic - benefits hydraulic - fracturing horizontal - drilling shale - energy
Cuadrilla was given the go - ahead by the government last year to resume drilling, reflecting ministers» hopes of replicating the shale revolution that has cut US gas prices and bolstered American energy security.
In other words, the American energy renaissance, and millions of jobs and numerous economic benefits it has made possible, would not have happened if not for technological advances in hydraulic fracturing and horizontal drilling that have unlocked previously inaccessible resources in shale formations.
Modern hydraulic fracturing and horizontal drilling in American shale deposits allowed companies to increase natural gas production 50 percent over the past decade:
Meanwhile, the ongoing American shale gas boom — powered in part by decades of federal investments in shale drilling technologies — is accelerating the closure of US coal - fired power plants.