Sentences with phrase «u.s. shale industry»

Many people hoped that it would hit the U.S. shale industry first and foremost but it hasn't happened so far,» said Vadim Yakovlev, first deputy chief at Gazprom Neft told Reuters.

The report is another piece of evidence that suggests the U.S. shale industry is perhaps struggling a bit more than is commonly thought.

Last year's conference was the first time that OPEC met with executives from the U.S. shale industry.

Not exact matches

If the U.S. develops its oilsands and its oil shale resources in the western states, it will be great news for Canada's energy industry for several reasons, writes Erica Alini.

The rapid increase in U.S. production is due in large part to the booming shale industry.

The U.S.'s shale gas industry, though, is more developed than Canada's, and much of the infrastructure needed to deep - freeze the gas and load it in liquid form onto tanker ships already exists.

OPEC was meeting with rival U.S. shale producers on the sidelines of the annual CERAWeek energy conference for a second year in a row, in an effort to learn what the industry can do to avoid the type of painful downturn faced in 2015.

«U.S. growth of 0.6 million barrels a day in 2017 beat all expectations, even with a moderate price response to the output deal as the shale industry bounced back — profiting from cost cuts, stepped up drilling activity and efficiency measures enforced during the downturn,» the group said.

March 27 - Reliance Industries Ltd said on Tuesday its unit would sell some of its shale assets in the United States to privately held Sundance Energy Inc for $ 100 million, as the Indian oil - to - telecom conglomerate moves closer to exit U.S. shale investments.

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

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.

Calpine's deal comes at a time when the U.S. wholesale power generation industry is struggling with margin pressure as cheap natural gas from shale fields in recent years has been driving down electricity prices.

- Continental Resources» (NYSE: CLR) Harold Hamm has said the EIA is overestimating U.S. shale production, arguing that the industry will only grow production by about 500,000 bpd this year instead of the 1 mb / d that the government agency forecasts.

Current WTI prices are not that far from a US$ 40 - per - barrel oil, which has the industry and analysts wonder how low an oil price the U.S. shale can afford.

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.

In a recent and highly informative article in Business Insider originally published in The Motley Fool and using energy industry consultant Rystad Energy research, author Matthew DiLallo shows that it costs Saudi Arabia around $ 9 per barrel to breakeven, Russia $ 19 and U.S. shale a little over $ 23.

OPEC is breaking bread with U.S. shale producers at an industry confab in Houston.

Now, investors are eyeing an OPEC meeting on November 27 to see whether the organization could even cut prices further in an attempt to retain its global market share, particularly in the face of competition from the U.S. where oil production has increased thanks to the shale gas industry.

Huge cost savings are waning for U.S. shale oil companies, marking an end to the drastic price cuts on equipment and services over the past 16 months that helped them survive the worst industry downturn in six years.

However, the fact that the average quantity of frack sand used per well has more than doubled in recent years — which has helped lower the breakeven price of U.S. shale oil — should help insulate the industry from the worst of the oil crash.

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.

«Leadership from both industry and the U.S. government may be needed to assure that economic benefits of shale gas development are realized without significant regional impairment of water resource quantity and quality,» the authors conclude.

Increased water use in the rapidly growing oil industry in North Dakota's Bakken oil shale region, or play, is surprisingly due not only to oil well development but also to people, according to a recent study by the U.S. Department of Energy's (DOE) Argonne National Laboratory.

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.»

It is estimated that U.S. shale deposits contain 100 years of natural gas supply, a «game changer» that is rejuvenating America's chemistry industry — and can strengthen U.S. manufacturing, boost exports, create hundreds of thousands of new jobs, and improve our nation's energy security.

His leadership in this arena initiative has been critical to ensuring that federal and state policymakers understand the link between domestic shale gas, the chemical industry and growth in America's manufacturing sector that will drive U.S. competitiveness, boost exports, and create new, high - paying jobs.

These include the U.S. - China Oil and Gas Industry Forum and a U.S. - China initiative on shale gas that he negotiated while at the State Department, which has broadened into the Unconventional Gas Technical Engagement Program.

Some analysts believe the prices are being kept artificially low by over-production in Saudi Arabia, aimed perhaps at scuppering the U.S. shale - oil industry.

The U.S. shale oil boom is becoming its own worst enemy, say industry analysts, who see the supply glut pushing the price of oil so low it may become uneconomical to pry petroleum from those tight rock formations.

The industry also faces stiff competition from a flood of U.S. oil unleashed from oil shale formations by hydraulic fracturing, or fracking.

The U.S. shale oil industry hailed as a «revolution» has burned through a quarter trillion dollars more than it has brought in over the last decade.

It reported that the U.S. - based oil and gas industry invested more than $ 165 billion between 2000 and 2012 in technologies that helped reduce emissions, including those critical to the development of shale gas.

It is estimated that U.S. shale deposits contain 100 years of natural gas supply, a «game changer» that is rejuvenating America's chemistry industry — and can strengthen U.S. manufacturing, boost exports, create hundreds of thousands of new jobs, and improve our nation's energy security.

This shale gas is a «game changer» that is rejuvenating America's chemistry industry — and can strengthen U.S. manufacturing, boost exports, create hundreds of thousands of new jobs, and improve our nation's energy security.

The «America First Energy Plan» web portal also promotes the use of «clean coal» and «reviving America's coal industry,» as well as tapping into the U.S. bounty of shale oil and gas via the use of hydraulic fracturing («fracking»).

Under a new Shale Gas Initiative, the U.S. and China will «use experience gained in the United States to assess China's shale gas potential, promote environmentally - sustainable development of shale gas resources, conduct joint technical studies to accelerate development of shale gas resources in China, and promote shale gas investment in China through the U.S. - China Oil and Gas Industry Forum, study tours, and workshops.»

While U.S. oil production is down from last year's highs and bankruptcies are up, the industry has become more efficient and the cost of extracting oil from shale is continuing to come down — resulting in the sixth straight week of an increased rig count and the 15th without a decrease.

Recent research, albeit backed by the oil industry, estimates that Falklands oil could be worth $ 180 billion in royalties and taxes for the U.K., potentially making it that country's answer to the shale boom that continues to generate work for many U.S. lawyers and their firms.