Thursday 31 July 2014
 
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Shale

Sonatrach to spend $100bn to boost oil, gas

Algerian state energy group Sonatrach has approved a $100 billion investment plan for 2014-2018 to increase oil and gas output and also aims to start producing shale gas in 2020, the official APS news agency reported. Opec member

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Shale - a revolution in the making for many years

By now everyone knows the shale revolution was made possible by the combination of horizontal drilling and hydraulic fracturing. But although fracking has captured the popular imagination, and is often used as a synonym for the wh

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Only a few of big gas projects 'will be built'

Only a fraction of the natural gas export projects being developed around the globe will become reality as high costs and weakening gas prices torpedo those that until recently promised huge returns on investment. Large natural ga

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'Strong dollar a plus, shale a threat for GCC'

A strengthening US dollar and growing shale oil and gas exploration around the world will have implications for GCC economies and investors,a round-table in Dubai heard this week. “One of the major global themes is the perfo

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'Strong dollar a plus, shale a threat for GCC'

A strengthening US dollar and growing shale oil and gas exploration around the world will have implications for GCC economies and investors,a round-table in Dubai heard this week. “One of the major global themes is the perfo

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Shale revolution boosts US oil reserves to record levels

US exploration and production companies are finding accumulations of crude and condensates twice as fast as they are producing them, according to statistics published this week. Proved reserves of crude stood at 30.5 billion barre

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US energy revolution remaking world order

North America's energy revolution is remaking all aspects of the global economy and international relations in what has turned out to be the most profound shift in the second decade of the 21st century. Policymakers and climat

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Sabic plans to enter US shale market this year

Saudi Basic Industries (Sabic) is in talks with several US firms to invest in the US shale gas industry, and expects to enter that market this year, chief executive Mohamed al-Mady said on Wednesday. "We're currently in t

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Mideast producers face huge oil challenges: BP

Middle Eastern oil producers face a mountain of challenges in the next two decades as Russia and South America strive to replicate the US shale oil boom, while demand in the region's domestic markets rises sharply. Oil major B

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Rising Saudi fuel use 'bigger threat than shale'

Rising Saudi energy demand is a bigger threat to the world's biggest oil exporter than surging US shale output, Saudi Jadwa Investment bank said in a study published. "The key long-term challenge facing Saudi Arabia's

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