Sentences with phrase «oil shale exploration»

Tuesday's release of proposed rules for oil shale exploration across the Rocky Mountain West by the Bureau of Land Management was merely another shot across the bow in the political blame game over $ 4 - per - gallon gas.

Not exact matches

US oil exploration companies have flocked to the superrich Permian Basin in recent years and used shale - drilling technology to create an oil boom that simultaneously helped trigger a price crash two years ago.

«According to the most recent assessment, the steady oil price recovery since summer 2017 and renewed interest in growth opportunities has led to oil majors catching up in terms of exploration activity this year, both in the shale industry and offshore deep water,» OPEC said.

In California, oil companies are pressing for further exploration of the massive Monterey Shale, a 1,750 - square - mile area extending from the agricultural Central Valley to the Pacific Ocean that federal energy officials say could ultimately comprise two - thirds of the nation's shale oil reserves.

The sale would come as the offshore sector continues to struggle with low oil prices, and oil exploration and production companies focus investments on lower cost shale fields onshore, particularly the Permian Basin in West Texas.

He's also chairman of a $ 26 million fund, BH Logistics, established in April with backing from a Chinese conglomerate, and a $ 40 million fund involved in shale oil exploration, according to documents filed in June and first reported on by Bloomberg News.

The recent oil shale boom was powered mostly by small firms because larger multinationals like Exxon and BP are structured for big payoff, technically - difficult projects like deep water drilling and Arctic exploration.

However, oil prices have been dropping like hot potatoes, almost 30 %, and with that energy stocks are tanking in unison and singing songs with same tune, along with drilling and exploration companies for shale oil or natural 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.

Greenpeace said earlier this month it would encourage British landowners to join together in legally opposing fracking, a move that could strengthen the opposition to exploration and development of shale oil and gas.

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).

BNP Paribas recently announced that it was restricting financing for oil and gas projects from shale and / or oil from tar sands as well as exploration and production projects in the Arctic.

«The increased exploration and development spend we're seeing in this year's study speaks to the incredible opportunity unfolding in tight oil from shale formations and the high cost of developing these unconventional resources.»

Houston About Blog World Oil provides news, oil prices, data, statistics, shale reports and upstream industry trends relating to the exploration, drilling, completion and production of oil and gas, both onshore and offshoOil provides news, oil prices, data, statistics, shale reports and upstream industry trends relating to the exploration, drilling, completion and production of oil and gas, both onshore and offshooil prices, data, statistics, shale reports and upstream industry trends relating to the exploration, drilling, completion and production of oil and gas, both onshore and offshooil and gas, both onshore and offshore.

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