There’s more evidence that the U.S. oil and natural gas industry is driving economic growth – not just in the industry itself, but also in the vast supply chain that sustains energy development – adding to overall GDP, wages and revenues to government. A new IHS study, commissioned by the Energy Equipment & Infrastructure Alliance (EEIA) estimates… Keep reading →
Unconventional Oil
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We will never sell or share your information without your consent. See our privacy policy.President Obama’s meeting with Saudi Arabia’s King Abdullah tomorrow is expected to largely focus on Iran, but other topics are likely to include Egypt, Syria and of course the US-Saudi strategic partnership. US-Saudi relations have been tumultuous of late – making this meeting especially important – due to disagreements over US-Iranian negotiations, the lack of… Keep reading →
There may be a shale oil deposit in Russia’s Siberian region larger than the Bakken. Exxon Mobil is investigating and oil service firms are “shipping equipment, technology and drilling crews from the Bakken and the Eagle Ford in Texas to Siberia, in what is becoming a full-scale west-east technology transfer.” [Financial Times] The Sudanese government… Keep reading →
The American Petroleum Institute’s latest statistics for US crude oil production show output for the month of August at its highest level in a quarter of a century. Production averaged more than 7 million barrels per day in August for the tenth consecutive month, according to API. “U.S. crude oil production in August increased by 1.2… Keep reading →
The US energy landscape today compared with 10 years ago is virtually unrecognizable, as the script with regard to import-dependent demand has been flipped to a potential export story. The seemingly moribund US natural gas industry characterized by decreasing reserves and production is now the apple of the world’s eye, with governments and private companies… Keep reading →
Credit rating agency Standard & Poor’s has released a report that seeks to answer an important question: are there any more big, profitable shales on the order of a Bakken or an Eagle Ford to be found in the US? The primary feature of the two plays that makes them so attractive is their oil… Keep reading →
The tight oil being developed in North America is certainly not the lowest-cost oil in the world. But of the opportunities available to major oil companies, relatively low cost is just one of many advantages it offers over other sources of production. “The shale revolution has changed the competitive landscape, because every investment decision we… Keep reading →
With all the great speakers and presentations at the USAEE /IAEE North American Conference in Anchorage this week, it’s hard to pick and choose among so many well-expressed ideas. Our USAEE updates represent just a few of our favorite quotes from the ongoing events. The US oil and natural gas production increase that’s taken place… Keep reading →
What is the difference between conventional and unconventional oil? Find out here: http://bit.ly/J5Y9Cf
By Peter GardettWhat is the difference between conventional and unconventional oil? Find out here: http://bit.ly/J5Y9Cf IEA