Sentences with phrase «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.

In the end, the Saudi's market share strategy pushing US shale companies through bankruptcy restructuring will back fire on them and guarantee that oil will stay much lower for much longer as it will make the US shale industry much for competitive for the future.

(House Speaker Mike) Turzai spoke to reporters on a windblown hill at Dura - Bond Pipe, a manufacturer that intends to hire 150 people this year because of the thriving Marcellus shale industry, according to its vice president, Jason Norris.

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

The state's oil production grew tenfold over the past decade as it built a thriving oil shale industry virtually from scratch, driving unemployment to a national low and filling government coffers with surging tax revenue.

-LRB-...) The deal, to be announced on Monday, will be seen as a big vote of confidence in the UK's fledgling shale industry.

In an effort to train more workers for the surging shale industry, Ohio's Washington State Community College hosted an informational session on opportunities for students and workers with an emphasis on filling new positions locally.

Although George Howard met with and solicited information from multiple shale industry groups, one lobbyist was particularly influential.

The US shale industry came perilously close to losing access to capital.

And just as it had during the production ramp up, the US shale industry led this change as well: in two years, the cost of shale project development was cut in half.

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

So her caseworker from Pennsylvania's workforce development program asked her if she'd ever considered driving a big rig — the kind now much in demand thanks to the Marcellus shale industry.

Risks to a timely recovery include any unexpected production increases (Iran, North Africa and a highly elastic US shale industry all come to mind) or demand hiccups due to an economic slowdown.

Short - seller Jim Chanos explains why he's bearish on the shale industry and short Continental Resources, at Delivering Alpha 2017.

«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.

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

«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.

«The resilience of US onshore oil supply in the face of lower prices demonstrates the profound technological transformations witnessed in the shale industry.»

The U.S. shale industry's war on OPEC, or the Organization of Petroleum Exporting Countries, reached a tipping point in 2016 after the cartel essentially capitulated to America's growing influence in the market.

Despite efficiency improvements, the shale industry is expected to be cash flow negative by a combined $ 20 billion this year as oil prices sink.

The U.S. shale industry has already added almost a half million barrels per day since the end of last year, taking production up to 9.3 million barrels per day (mb / d).

The EIA has once again undercut its previous estimates for U.S. oil production, offering further evidence that the U.S. shale industry is not producing as much as everyone thinks.

Despite oil prices plummeting over the past year, falling from around $ 100 per barrel to now under $ 60 per barrel, the U.S. shale industry has proved resilient.

While these factors are definitely favorable, the growing share of the shale industry means that output is much more flexible than it has ever been, and prices will likely be capped thanks to that.

The real issue for the Saudis is whether the US shale industry can respond to $ 80 - $ 100 oil by increasing production enough to flood the market again.

Beyond the impact of lifted sanctions, the slowdown in global growth, the strength of the US shale industry and the global glut of oil supply (a surplus estimated at one million bpd) continue to fuel the downward spiral of the market.

In tandem with this shift in strategy, global upstream costs have fallen both in the US shale industry and globally — these costs were a key determinant of skyrocketing expenditure in the first part of this decade.

The government has continued its push to develop a shale industry in the UK, which it claims could boost jobs, the economy and energy security.

ANGA is the lead lobby group for the fracking and shale industry, with a budget of $ 69 million in 2012.

Documents obtained by Greenpeace also reveal that the shale industry was close with one commissioner in particular.

Heath provided a fracking chemical disclosure bill to Howard that the shale industry and its political allies previously passed in Colorado.

Wonder how many of those millions was from the shale industry, looking to open Maryland for drilling?

(In its 2005 energy bill, Congress included an exemption from SDWA oversight for the water put into the ground for hydraulic fracturing — a provision that has come to be known as the «Halliburton loophole» after the oil and gas industry service company that is active in the shale industry.)

The shale industry specifically benefits from longer horizontal sections, better targeting of sweet spots and multi-pad drilling, which leads to optimizing logistics.

«It's not a prize of the same magnitude as the deepwater, it certainly is a key priority of the Mexican government to see the development of the shale industry there.»