Sentences with phrase «shale oil»

Crude prices held firm, underpinned by robust demand forecasts and prospects for informal contacts sought by OPEC with U.S. shale oil producers at a key industry meeting in Houston this week.

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.

Reuters: The U.S. government on Tuesday jacked up its forecast for oil production next year by 250,000 barrels per day (bpd) as the boom in shale oil drilling continues to confound expectations of slower growth.

As prices soared to unprecedented highs in 2014, US shale oil producers increased production.

Nevertheless, US benchmarks were less volatile, as US shale oil production continued to increase in response to higher global prices, while US oil exports reached record levels.

Oil prices have slumped nearly 60 percent since peaking in June, driven lower by ample supplies from the U.S. shale oil boom and the Organization of the Petroleum Exporting Countries» decision not to cut output.

The biggest risk is from shale oil in the US, oil sands in Canada and conventional oil in Russia.

The Energy Information Administration (EIA) released another EIA Drilling Activity report that raised its estimates for shale oil production without considering the realities on the ground.

Angola's currency, the kwanza, has lost nearly half its value since oil prices collapsed in late 2014 as Saudi Arabia embarked on its ill - fated attempt to choke the U.S. shale oil revolution.

Recent news from the US shale oil industry suggests that a surge beyond what is currently projected is doubtful.

Keep an eye on the gas ratio on shale oil wells.

This reluctance is widely believed to be Saudi Arabia's way to squeeze U.S. producers extracting high cost shale oil as well as Canada's oil sands companies.

The proposal is the latest in a series of planned pipelines and expansion projects as a flood of crude from the oil sands and the Bakken shale oil field stretches existing networks.

Another is Harold Hamm, owner of Continental Resources, who opened up the Bakken shale oil fields and supports Republicans.

Well, there are many reasons, such as record demand, but a larger issue has to do with shale oil.

Meanwhile, the never - ending Middle East conflicts support high crude prices, which makes it feasible to produce shale oil in the US.

On the other hand, some analysts see the drop in the US rig count and question whether US shale oil output will continue rising.

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

Today, Russia is similarly hemorrhaging capital as a result of international sanctions and crashing oil prices, prompted by both the American shale oil boom and OPEC's inaction in stabilizing the commodity at last month's meeting.

It also includes feeds from Bracewell's blog and @bgenergy Twitter feed (the followers of which are probably a decent place to start finding shale oil tycoons on Twitter).

Shaken by shale oil production in the United States, softening demand from China and Europe, and rising global concern about climate change, Canada's tar...

According to the Interior Department shale oil costs between about $ 38 - 65 per barrel to produce, whereas onshore conventional oil costs about $ 19.50 per barrel.

Money's shifting toward U.S. shale oil plays, as well as a formation that straddles the Alberta-B.C.

You can talk about shale oil and rig counts all you want but you must also talk about oil in storage or the lack thereof.

There are rules that can be applied like replacing less efficient fuels (in terms of energy per CO2 released) like coal with more efficient ones like natural gas, and never switching towards less efficient fuels like shale oil from more efficient ones like regular oil.

Specifically, lower oil prices have resulted in marginally less activity at some of the domestic shale oil fields.

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

The final issue is just how much oil is left in the Permian and other shale oil basins that can be produced at wherever oil prices go.

The ongoing shale oil boom makes GE's oil and gas business an attractive play.

I imagine most shale oil tycoons already have lots of maps like this, but it's really interesting to see the scope of fracking laid out, geographically.

This controversial process involves extracting shale oil by blasting pressurized water, chemicals and sand to break up underground formations.

Estimates of the oil contained in the Monterey Shale place it at 15.4 billion barrels of oil, of 64 % of US shale oil reserves.

The companies say the pipeline would carry Bakken shale oil more cheaply and safely from North Dakota to Illinois en route to U.S. Gulf Coast refineries than it could be shipped by railroad or tanker trucks.

The US oil industry has slowed down: but EOG Resources, the country's largest shale oil producer, has forecast a return to «double - digit» production growth if the US benchmark, West Texas Intermediate, rises to $ 65 per barrel or higher.

Despite the international shale oil boom extracting natural gas with hydrofracking technologies, which most electric utilities, including the local ones, supply to customers as a major part of their power supply, the shift away from petroleum dependency has made remarkable progress in recent years through strategic incentives like the one which prompted this vote in Olive.

The largest import is crude oil and gas from Canada's abundant shale oil fields.

One of us (Kauffman) lives in Alberta, Canada, which exports shale oil, animal and forest products, and has an information technology industry correlated with the oil industry.

Of course now we won't have to because California is going to be the next shale oil bonanza.

They said it was «very likely» that several thousand weak to moderate earthquakes in recent years were triggered by deep - earth injection of water extracted from the ground as thousands of wells have been drilled into shale oil and gas deposits.