Sentences with phrase «new shale oil»

Because the world faces a fossil fuel glut in the future — the torrents of new shale oil and gas that increasingly flood world markets could themselves be swamped by next - generation methane hydrate fuels — Canada's energy resources could depreciate if left to stagnate in the ground.

New shale oil well productivity drove U.S. production higher in the last few years, with the average daily rate for the first month of operation rising from less than 100 Continue Reading

Not exact matches

There have been a number of high - profile derailments of trains — including one by UP — carrying shale oil, much of which is produced in new drilling areas without established pipeline networks and must be moved by rail.

U.S. shale producers have pioneered new techniques to drill oil more efficiently but also in places that were once seen as impossible.

Goldman Sachs has downgraded its estimations for oil prices for this year, citing a potential rise in shale gas production, new projects and OPEC restrictions.

New pipelines in Siberia and Central Asia, as well as the discovery of shale oil in China, mean that Asian refineries will have access to closer sources of crude, he says.

Trump tariffs hit raw nerve in energy pipeline sector Oil pipelines prepare new battle tactics for environmental activists US shale forecasts are too optimistic, pioneering fracker says

Despite the gusher of U.S. shale oil production, Grantham believes that prices are likely to reset higher again — to a baseline above $ 100 — because, outside of shale, finding new oil is getting harder.

Five years ago, says Gheit, the industry needed oil at $ 90 to justify the development of new production of U.S. oil shale.

This is especially true in the new boomtowns that have powered the shale oil revolution in the U.S. (For an on - the - ground report from North Dakota oil country, see «Waiting for the Reckoning.»)

Given the high cost of shale oil production, it's questionable much marginal new U.S. production will be able to displace established Canadian oilsands supply while also replacing production declines in California, Alaska and the Gulf of Mexico.

The extraordinary cost reductions achieved by North American oil and gas companies have likely reached their limit, and any boost in profitability for much of the U.S. shale and Canadian oil sands industries will have to come from higher oil prices, according to a new report from Moody's Investors Service.

NEW ORLEANS (Reuters)- U.S. shale oil producer Anadarko Petroleum Corp expects double - digit increases in service costs this year for its operations in the Permian Basin, the largest U.S. oilfield, its chief executive said on Tuesday.

NEW ORLEANS U.S. shale oil producer Anadarko Petroleum Corp expects double - digit increases in service costs this year for its operations in the Permian Basin, the largest U.S. oilfield, its chief executive said on Tuesday.

The British oil giant reported huge figures from the shale gas well, suggesting the Mancos could provide a massive new source of U.S. shale gas.

NEW ORLEANS, March 27 U.S. shale oil producer Anadarko Petroleum Corp expects double - digit increases in service costs this year for its operations in the Permian Basin, the largest U.S. oilfield, its chief executive said on Tuesday.

This means that new oil supply can come back on stream profitably — especially in US shale plays — at lower prices than before, perhaps putting a lid on further price increases.

U.S. oil and natural gas production from Pennsylvania could help power Ontario and Quebec for instance, even as Canadian shale flowed through pipelines from Alberta to the U.S. Infrastructure matters a lot in these settings, especially given the difficulties most companies are facing in building new pipelines (Exhibit A: see the Dakota Access Pipeline).

The looming supply growth is mostly due to two factors: the scheduled end of OPEC / non-OPEC production cuts in March and US shale production, including NGLs, «growing like crazy,» said New York - based Mike Wittner, managing director and global head of oil research at Societe Generale.

The majority of oil executives and industry analysts still believe that $ 50 - $ 60 oil will continue as the new normal, with U.S. shale supply growing stronger every time oil prices rise above $ 50.

These include: the slowdown in China, the recessions in Brazil and Russia, the emergence of new supplies of energy such as US shale oil, Iran and Iraq ramping up production, and commodity investment projects in Chile and elsewhere coming on stream.

For leading U.S. shale oil producers, $ 40 is the new $ 70.

NEW ORLEANS U.S. oil producer Devon Energy Corp said on Monday it was looking to sell even more assets than previously announced in order to focus its portfolio on three shale regions.

The new project indicates a further shift for Exxon, away from international projects and towards a focus on domestic endeavors, specifically those involving shale oil and gas.

shale oil may be a bubble but countries like Libya Iraq Iran produce nothing compared to their potential / production capacity + there is always offshore exploration recently Morocco seems to be in the spot light not to mention the arctic sea / north pole especially Russia where a new Koweit is to be found and also south China sea Venezuela's tight oil if all the types of oil are included venezuela must be a heaven with a quarter of global oil reserves with +300 billion barrels more than 260 bbls of Saudi Arabia that can still produce more than 10/11 million barrel / day that it's procucing today.

In North America's most active shale fields, the drilling and hydraulic fracturing of new wells is directly placing older adjacent wells at risk of suffering a premature decline in oil and gas production.

Many local towns and cities have expressed opposition to the project, citing the local dangers of pipeline leaks and wider implications of fracking (the oil bound for the Pilgrim Pipeline originates from the Bakken shale in North Dakota, the same deposits that have increased the volume of oil carried by trains and barges through the Hudson Valley to New Jersey refineries).

Ciba even acquired its own shale oil deposits in the Alps as a new feedstock.

To conduct the new study, the researchers collected and analyzed 44 samples of waters produced from conventional oil and gas wells in New York and Pennsylvania and 31 samples of flowback waters from hydraulically fractured shale gas wells in Pennsylvania and Arkansnew study, the researchers collected and analyzed 44 samples of waters produced from conventional oil and gas wells in New York and Pennsylvania and 31 samples of flowback waters from hydraulically fractured shale gas wells in Pennsylvania and ArkansNew York and Pennsylvania and 31 samples of flowback waters from hydraulically fractured shale gas wells in Pennsylvania and Arkansas.

«If oil shale energy does become commercially viable, it will be a huge new water drain,» says Dan Luecke, a Colorado - based hydrologist and Western water consultant.

Added Vengosh: «Our new study, which integrates data from multiple government and industry sources, provides the first comprehensive assessment of fracking's total water footprint, both nationally and for each of the 10 major U.S. shale gas or tight oil basins.»

Energy companies used nearly 250 billion gallons of water to extract unconventional shale gas and oil from hydraulically fractured wells in the United States between 2005 and 2014, a new Duke University study finds.

However, the stark reality is that global emissions have accelerated (Fig. 1) and new efforts are underway to massively expand fossil fuel extraction [7]--[9] by drilling to increasing ocean depths and into the Arctic, squeezing oil from tar sands and tar shale, hydro - fracking to expand extraction of natural gas, developing exploitation of methane hydrates, and mining of coal via mountaintop removal and mechanized long - wall mining.

May 7, 2012 • Cash - strapped states are embracing the millions of dollars in new tax revenue coming from shale oil and gas development.

It is appalling that while the federal government is pushing offshore oil drilling and mountaintop - removal coal mining, proposing to strip - mine shale oil and tar sands and to dramatically expand the production of high - level nuclear waste, they have declared a two - year moratorium on new solar electric power plants on public lands — which have some of the best solar energy resources in the world — for «environmental reasons».

Adopting of 2 °C means nothing unless we are serious with moratörium on new coal power plants today and on oil shales and tar sands... is this going to happen anytime soon?

In case you missed it, the oil was being carried from America's new oil patch, the Bakken shale fields of North Dakota, to a St. John, New Brunswick, refinery that, according to the owner, Irving Energy, sends more than half of its 300,000 daily barrels of petroleum products back across the border to the northeastern United Statnew oil patch, the Bakken shale fields of North Dakota, to a St. John, New Brunswick, refinery that, according to the owner, Irving Energy, sends more than half of its 300,000 daily barrels of petroleum products back across the border to the northeastern United StatNew Brunswick, refinery that, according to the owner, Irving Energy, sends more than half of its 300,000 daily barrels of petroleum products back across the border to the northeastern United States.

His study attributes the expected growth in oil output largely to a combination of high oil prices and new technologies such as hydraulic fracturing that are opening up vast new areas and allowing extraction of «unconventional» oil such as tight oil, oil shale, tar sands and ultra-heavy oil.

If the oil prices stay low and U.S. shale oil extraction becomes uneconomic, maybe oil workers can find a new career in clean energy...

Chip Northrup, a former oil and gas investor from Texas who now splits his time between Dallas and upstate New York, is an articulate and energetic opponent of hydraulic fracturing, or fracking, for the natural gas locked in deep shale layers in the state.

Despite our talk, the reality is that we and others are searching everywhere for more oil — from new oil fields, tar sands, oil shales, or anywhere else they may be hiding.

Let's reword all this and say that we want to improve energy efficiency and reduce waste and real pollution wherever we can, we want to move away from ever scarcer and costlier fossil fuels, particularly those that have to be imported from a price - fixing cartel of nations that are generally hostile to us and we want to develop new domestic sources of energy, be that shale oil and gas, new biofuels (not silly corn - to - ethanol schemes) and other renewable energy sources, etc..

The North American shale boom led to a glut of new oil on the market, driving down prices.

In the aftermath of the oil price fall in 2014, proposed new deepwater projects were generally among the first to be delayed or cancelled as the industry moved towards shorter cycle investments, including shale.

«The goal of Sapphire is to produce a crude product that can be introduced into the existing crude stream for production costs that are similar to other new opportunities like oil shales, oil sands, and even deep, deep water drilling,» Jason Pyle, Sapphire's chief executive said in an interview.

Hydraulic fracturing or fracking for shale gas is the new wild frontier of the fossil - fuel industry, one they're keen to promote as a low - carbon alternative to high - polluting coal and oil.

Global oil discoveries and new projects fell to historic lows in 2016 US shale oil production has become a fundamental factor in balancing low activity in the conventional oil industry 27 April 2017

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 quote from Mitt Romney's (allegedly «ghostwritten») book points to the conclusion that the USA should do more oil and gas exploration («drill, baby, drill») including shale deposits, to get more «energy independent» (combined, of course, with supporting basic research for new energy technologies).

Because we will be getting oil from two «new sources», the «shales» (very light oils, condensates, and NGL), and from very heavy crudes found in Canada and Venezuela.