Saturday 28 March 2015
 
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Shale oil

Opec shouldn't cut output to ‘subsidise’ shale: Badri

The Organisation of the Petroleum Exporting Countries Secretary-General said on Sunday that the group's exporters should not cut output to "subsidise" higher-cost shale, an energy source whose recent growth is blamed by Opec for we

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Aramco extends bidding for unconventional gas work

State energy firm Saudi Aramco has extended the deadline for companies to bid for work on its unconventional gas facilities in the north of the country, signalling it remains committed to developing shale gas deposits, industry sources said.

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US to top world’s oil supply growth until 2020: IEA

Brent crude oil prices remained below $58 a barrel on Tuesday as the International Energy Agency (IEA) said the US will remain the world's top source of oil supply growth until to 2020, defying expectations of a more dramatic slowdown in sha

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Saudi Arabia leading Opec’s price war on shale

Opec’s decision not to cut output is a bold move which is designed to cramp non-Opec suppliers, especially US shale oil producers, a report said, adding that the decision was led by Saudi Arabia in a move to maintain its market share.

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Jordan’s shale oil power plant to begin ops by 2018

The first shale oil-fuelled power plant in Jordan will be ready by the end of 2018, a report said, adding it is expected to cut the country's energy spending by $500 million annually. The $2.2 billion plant will have a total c

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GCC exploring new growth horizons

Robin M Mills is head of Consulting at Manaar Energy, and author of The Myth of the Oil Crisis and Capturing Carbon. The year 2014 may be one in which the course of the GCC’s oil and gas industry is driven by the fickle w

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Fracking without freshwater in Texas

At a dusty Texas oilfield, Apache Corp has eliminated its reliance on what arguably could be the biggest long-term constraint for fracking wells in the arid western United States: scarce freshwater. For only one well, millions of

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Saudi not losing sleep over US shale

Top oil exporter Saudi Arabia remains unconcerned by a rising tide of US shale output which threatens to eat into Opec's market share, its deputy oil minister said on Wednesday. "The world economy over the long term will

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US 'set to become world's top oil producer'

The US will become the world's largest oil producer next year overtaking Russia, thanks to its shale oil boom which has remade the global energy landscape, the West's energy watchdog said on Friday. The prediction comes on

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Iraq ‘could hike oil income by $100bn per year’

Higher production of oil at $100 per barrel could generate an additional $100 billion per year income to Iraq by the end of the decade, providing crucial support to the country’s fiscal position, a report said. Using IMF pro

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