Shale ///

Hess provides update on progress, plans through 2025

Hess Corporation will provide a detailed update on progress in executing its strategy for long term value creation at its Investor Day in Houston. The company’s plans through 2025 are expected to deliver strong performance across the following areas:

API reports that access for development allows oil and natural gas industry to be a major revenue generator for Federal and state governments

The American Petroleum Institute released the following statement regarding the Department of the Interior’s presentation of nearly $500 million in revenue awarded to New Mexico from oil and natural gas production on federal lands:

Conoco sees U.S. shale growth at 25% in 2019, even as oil slides

ConocoPhillips, the world’s largest independent oil producer, sees shale production growing 25% next year even as crude prices tumble, proving the industry’s resilience in volatile markets, said CEO Ryan Lance.

Motley outlook amid new highs in gas production, prices

Jim Redden, Contributing Editor

Despite both production and seasonal gas prices at multi-year highs, asset-holders in the Haynesville and Bossier shales are sending mixed messages as to the breadth of the supposedly percolating recovery.

Permian producers become "victims of their own success"

Emily Querubin, World Oil

Despite a few recent snags, Permian basin production should continue its upward trend through 2019.

Companies in the news

Michele Cowart, World Oil

Companies in the news

Rovco live 3D visualization project awarded second phase of funding

Rovco, has been awarded further funding to develop the next stage of its integrated live 3D vision and artificial intelligence (AI) survey technology.

Primed-to-pump shale will take OPEC cut but no longer needs it

U.S. shale’s response to OPEC’s decision to cut supply and boost prices: We’ll take it, but we don’t need it.

Meet the new Permian, it's double the size of the old one

The U.S.’s fastest growing oil field may have even more to give.

Fracing slump deepens as Schlumberger walks oil `tightrope'

The North American fracing market -- already expected to be a downer for the holidays -- is turning out to be even worse than expected, according to the world’s biggest oil-service provider.

OPEC oil decision could undercut U.S. natural gas price surge

A decision by OPEC and its allies to cut oil output in order to bolster prices could, in an odd market twist, undermine a recent price surge for natural gas heading into winter.

Opinion: Qatar leaving is an ominous sign for OPEC

The immediate question raised by Qatar leaving OPEC is, of course, what to call this? Qatarexit, or even Qatexit, sound wrong. Qatar-ta-for-now has a nice ring to it, even if it’s a tad unwieldy. Maybe just go with Qatout.

Shale patch seen cutting budgets for first time since crash

Shale explorers will likely cut spending budgets next year for the first time since the last price crash as crude spirals down again, analysts said.

Shale boom raises specter of new glut: Gulf Coast oil terminals

The race to export U.S. shale oil overseas is about to get fierce, with at least nine proposed terminals angling for a piece of a very limited pie.

Gazprom BoD reviews prospects of shale gas, LNG sectors

The Gazprom Board of Directors took note of the information about the prospects of the shale gas and liquefied natural gas (LNG) sectors around the world, as well as the opportunities and threats facing the company.

Is a shale-sized oil boom hiding in Britain’s Atlantic Bedrock?

On a sunny October morning, members of the The Geological Society pack an ornate lecture theater at their imposing headquarters on London’s Piccadilly.

OPEC's worst nightmare: Permian is about to pump a lot more

OPEC’s bad dream only deepens next year, when Permian producers expect to iron out distribution snags that will add three pipelines and as much as 2 MMbpd.

PermianChain Technologies introduces blockchain network to improve investment

PermianChain Technologies is introducing the Permian Token (XPR), a crypto asset-class that will underpin holding rights to the value of potential but undeveloped oil and gas reserves.

U.S. shale boom lowered trade deficit by $250 billion

The boom in U.S. oil and gas production over the past decade has exerted a moderating force on what is a large domestic merchandise trade deficit by helping reduce the country’s net petroleum imports, a new report by business information provider IHS Markit says.

Companies in the news

Michele Cowart, World Oil

Ashtead Technology has completed a subsea installation monitoring project for Subsea7 in support of Equinor’s Utgard development, in Blocks 15/8 (NCS) and 16/18a (UKCS) of the central North Sea.