Shale Gas

Cal on February 23rd, 2017

China’s current Five-Year Plan envisions building seven new nuclear reactors a year between 2016 and 2020. China currently has 36 nuclear reactors in operation, 21 under construction and more waiting to start. There were only 174 crude oil and natural gas discoveries worldwide last year, compared to an average of 400-500 per year up until […]

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Cal on February 15th, 2017

Despite having only 20% of the world’s shale oil and gas resources, advantages in the US and Canada mean these countries will continue to dominate the market, according to a new Raymond James report. While abundant shale resources exist in several countries around the world, a variety of hurdles preclude their development, including technical know-how, regulatory barriers and […]

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Cal on January 6th, 2017

In 2016, the US oil and natural gas industry defaulted on $39 billion in high-yield energy debt, more than twice as much as the $15 billion in defaulted debt in 2015, according to Fitch. One in three US oil and gas exploration companies defaulted on high-yield bonds in 2016. In addition, more than 200 North American drillers and […]

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Cal on December 12th, 2016

OPEC and non-OPEC crude oil exporters have agreed to an additional 562,000 barrels per day of non-OPEC production cut in addition to the 1.2 million b/d cut that OPEC agreed on last week. At the meeting, Mexico pledged to cut 100,000 b/d, Azerbaijan 35,000 b/d, Oman 40,000 b/d, and Kazakhstan 20,000 b/d. Some analysts expressed doubt […]

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Cal on October 17th, 2016

The International Energy Agency revealed that the world is becoming more efficient at using energy. Energy intensity, which measures the amount of fuel consumed per unit of gross domestic product, fell 1.8% last year, triple the average rate over the past decade and more than the 1.5% reduction in 2014. Work has begun the construction of the docks […]

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Cal on October 12th, 2016

In the North Sea, the number of rigs drilling for crude oil and natural gas has plunged to the lowest level in nearly 35 years as energy companies cut spending in the wake of low prices. Norway is dipping into its $890 billion sovereign wealth fund to support an economic recovery as it foresees a continued slump for […]

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Cal on October 1st, 2016

From Business Insider we find out things that can be made with a barrel of oil. Each barrel of oil is refined to be used in a variety of applications that includes fuel, cosmetics, plastics, rubber, and candle wax. Transparency Market Research forecasts that Asia is going to become a big market for crude oil and petroleum […]

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Cal on August 3rd, 2016

Argentina’s recoverable shale oil reserves are estimated at 27 billion barrels and hold the third largest shale gas and fourth largest shale oil reserves in the world. The Vaca Muerta Shale spans across four provinces and is almost double the size of the Eagle Ford shale area in the US state of Texas. Current production from […]

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