Sunday 14 February 2016
 
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Shale

Oil slump sparks second wave of budget cuts

Less than two months into the year, the top US shale oil companies have already cut their budget for 2016 a second time as the relentless drop in oil prices continues to erode their cash flow. With oil prices firmly wedged in the

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Energy market ‘shifting from scarcity to abundance’

The world is witnessing a shift in the energy market, driven by geopolitics and oilfield discoveries, from a time of great demand and scarcity to one of abundance in supply and weaker demand, said a global industry expert. Referri

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Oil rises after Opec sees market balance in 2016

Oil prices rose on Tuesday after the head of Opec forecast a more balanced market next year and the US energy department said domestic output is likely to fall further, though gains were limited as the overall picture of a market in glut remains

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Opec 'has stalled the shale revolution'

The resilience of US shale producers has surpassed all expectations as they have wrung extra efficiencies out of their operations and pulled rigs back to the most prolific sections of existing plays. The shale sector's ability

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Opec 'has stalled the shale revolution'

The resilience of US shale producers has surpassed all expectations as they have wrung extra efficiencies out of their operations and pulled rigs back to the most prolific sections of existing plays. The shale sector's ability

More…

Opec focuses on rival mega projects

After almost a year of painfully low oil prices, Opec members are beginning to believe they are winning against upstart US shale producers in a short-term market share contest. Yet insiders and experts say Opec is looking for a lo

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Opec focuses on rival mega projects

After almost a year of painfully low oil prices, Opec members are beginning to believe they are winning against upstart US shale producers in a short-term market share contest. Yet insiders and experts say Opec is looking for a lo

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JGC wins Aramco shale gas contract

Japan's JGC Corp has won a contract to build shale gas facilities in the northwest of Saudi Arabia for state oil company Saudi Aramco , industry sources familiar with the matter said. The project, known as System A, will invol

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Get used to cheap oil, derivatives markets say

Oil prices will stay low for years to come, derivatives markets say, keeping a lid on inflation and helping boost global growth. Oil has more than halved in value over the last year, thanks to huge oversupply, and many oil compani

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Oil oversupply to last through 2016: IEA

World oil demand is growing at its fastest pace in five years thanks to rebounding economic growth and low prices, but global oversupply is so great that it will last through 2016, the West's energy watchdog said on Wednesday.

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