The cash - and - stock deal marries operations that are broadly complementary in terms of geography as well as giving Marathon extra capacity in the U.S. light crude produced by a booming
shale oil sector.
Not exact matches
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
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.
The IEA report noted that Estonia is unique among OECD countries in that its energy
sector is dominated by one primary source,
oil shale.
Kevin Bullis, MIT Technology Review's senior editor for energy, has a piece noting that the most significant advances in the energy field the past year resulted from surging natural gas and
oil production from
shale via hydraulic fracturing — an impact Bullis says is unlikely to be unsurpassed by other energy
sectors in the near future:
Canadian
oil sands development is now operating at scale, the
shale gas and tight
oil revolutions are upon us in the United States, and major institutional energy reforms in Mexico are under way that could enable substantial new investment in the Mexican
oil and gas
sector.
The most recent energy
sector development strategies until 2030 do foresee maintaining the dependency on
oil shale use in power production.
The first document listed companies and individuals that Canadians may not sell to or have business dealings with, but the prohibitions have been amended many times, rolling in first some lending and capital investment and, last December, a ban on specified exports to parts of the Russian energy
sector: offshore, Arctic, and
shale oil production.