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Tag Archives: Shale

Russian Putin says shale oil technologies are "barbaric"

Russian President Vladimir Putin speaks during the Russia call! VTB Capital Investment Forum on November 20, 2019 in Moscow, Russia. Mikhail Swetlow | Getty Images News | Getty Images Russian President Vladimir Putin has sharply criticized states such as the US for ignoring the environmental impact of shale oil and gas production, calling it a "barbaric" process in which the …

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OPEC plans take market share from US shale

In one of the least hot meetings of recent years, OPEC and its allies have postponed their production cuts to March 2020, suggesting that the oil market is still over-supplied and demand growth at least seems to be weaker by 2019. [19659002] OPEC's mission to reduce excess inventory would, if successful, lead to higher oil prices, which cartel members need …

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Fossils found in Burgess Shale by B. C. add branches to the tree of life: study

An Agnostid is shown in this handout image. HO / The Canadian Press The tiny remnants of an extinct, bug-like creature discovered in the 500-million-year-old British Columbia Burgess Shale Fossil Deposit add a new branch of the evolutionary tree of life, says a doctoral student who tracked the development of the organism. The discovery of fossilized soft tissue, including the …

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Chesapeake Energy plans to sell Utica Shale shares for $ 2 billion

HOUSTON (Reuters) – The Chesapeake Energy Corp. ( CHK.N ) plans to sell its entire Ohio natural gas area to privately owned Encino Acquisition Partners for approximately $ 2 billion, the company said Thursday. Chesapeake Energy Corporation's 50-hectare campus will be seen on April 17, 2012 in Oklahoma City, Oklahoma. REUTERS / Steve Sisney Oklahoma City-based oil and gas producer …

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BP buys BHP shale assets for more than $ 10 billion

Updated on July 27, 2018 at 01:03 ET Sydney- BP BP -1.13% PLC buys the bulk of BHP Billiton Ltd. BHP -1.03% U.S. Onshore oil and gas unit for 10.5 billion US dollars, as the British oil company in the United States after the Deepwater Horizon disaster is rebuilt and BHP leaves a company that calls it a costly and …

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Shale surges, but oil market power swings back to Saudis

The US produces more oil than ever before, but when it comes to pulling the strings of the market, Saudi Arabia is still king. Oil flows from slate fields at record speed, driving US production to about double in a decade. This remarkable growth had led some observers to pronounce the US as a new swing producer on the market …

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After targeting US farmers, China signals that it can beat shale

China's tariffs in one corner of the energy market signal that US shale fields could serve the nation's farms as a trade war escalates. Beijing has proposed on Wednesday against America's rural heartland political levies sensitive agricultural commodities such as soybeans targeted under 106 US products. The list also included petrochemicals and liquefied propane, suggesting that the world's largest oil …

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