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
The effects on oil and gas producers in the GCC of surging shale oil and gas production in North America are minimal at present, said a Credit FAQ report by Standard & Poor's Ratings Services.
The report titled "What
Shale will not significantly boost oil production or bring down prices in the long term, according to the International Energy Agency (IEA).
The surprising findings are contained in the latest version of the agency's annual Wo
Sceptics are too quick to dismiss the potential expansion of horizontal drilling and hydraulic fracturing to other shale areas in the United States and around the world.
Based on early setbacks and the slow rate of progress outsid
Opec's Secretary General said he was comfortable with the market outlook for 2014 and a forecast drop in demand for Opec oil was not large, indicating the group may not make big changes to output policy at a December meeting.
The Bakken and Eagle Ford fields booms might get the most ink, but the biggest shakeup in global oil from the US shale revolution is likely to come from propane and other byproducts of shale gas production.
The drive towards extracting oil and gas reserves from unconventional sources such as shale is putting more pressure on the global energy sector to hire experienced people with the right skills, said a report.
The Global Oil and G
The period of rising oil prices is over but there could still be a decent nachspiel (after party) since there are powerful forces that will stop oil prices from sliding too far down, says a new report by leading oil analyst Torbjorn Kjus of DN
Senior oil and gas industry executives are set to discuss the future of the shale gas revolution and concerns over oil price discovery at an energy council, to be held in Korea.
The World Energy Congress will take place at the Exc
The balance of power between host countries and petroleum companies has shifted decisively as a result of the shale revolution and the push into deepwater oil and gas fields off the coast of Latin America and Africa.