The United States’ shale gas boom has kick-started a shift in the way the world things about energy – particularly oil – according to a new article in Financial Times. “The opening up of the US’s shale gas deposits has triggered a natural gas revolution that will have a lasting impact and the potential…sharply to [...]
Range Resources said Wednesday that it will sell all its holdings in the Barnett Shale and use the cash to invest in more profitable ventures elsewhere. The sale by Range, which also reported a loss of $8.2 million, or 5 cents a share, is part of a strategy to invest more heavily in fields that [...]
Japanese-owned Itochu Corp. agreed this week to purchase a 25 per cent stake in a Wyoming oil shale project. The Japanese company will invest about $400 million in the project, according to Bloomberg. Earlier this year, Japanese company Sumitomo Corp invested nearly $140 in a Pennsylvania shale gas reserve, but to date no Japanese company [...]
A new pictorial spread by National Geographic is lending some scientific insight into the process of drilling for shale gas in the US. Highlighting some of the key differences between oil production, and shale gas production, the article provides pictures and descriptions of some of the highly specialized equipment needed to extract shale gas. “Just [...]
The shale gas boom has the potential to transform the North American energy market in a way that increases security of energy supplies, reduces greenhouse gases and lowers costs for consumers, a leading official from the U.S. Department of Energy said in Calgary Tuesday. “Shale gas truly does have the potential to change the way [...]
The North American shale boom hasn’t only taken the energy markets by storm, it has also revamped the way energy company are approaching the new industry according to a new article posted in the Oil & Gas Financial Journal. The key to the new business model for small independent exploration and production (E&P) companies is [...]
State-owned oil & gas refiner Indian Oil Corporation (IOC) has expressed interest in US shale gas opportunities. According to The Telegraph India, the company is studying the prospects of venturing alone or with other state-owned firms to acquire stakes in the US. “The IOC has set aside $1 billion for overseas acquisitions in exploration and [...]
While shale gas is considered a booming industry in the US, analysts say Canada simply isn’t ready for that kind of boom. The prospects for shale gas in Canada seemed bright, especially given recent shale discoveries in the province of Quebec, but the excitement over the alternative energy source came too fast and too soon [...]
Quebec’s much-touted “shale gale” has been put on hold after the leading developers postponed a planned drilling program, citing high costs and public criticism of shale gas development. Questerre Energy Corp.and its partner Talisman Energy Inc. had planned to complete two new test wells this year to further assess commercial development of the shale gas [...]
Chesapeake Energy Corp.’s Chief Executive Aubrey McClendon said Wednesday that most significant natural gas and oil shale fields in the U.S. have already been found, and that investors shouldn’t hold their breath for major new discoveries. “If you decided, I’m going to pass on the Barnett, pass on the Haynesville, pass on the Marcellus, and [...]
