The exploration of shale gas is a revolution, and is changing global energy picture, chief economist of the International Energy Agency Fatih Birol said in a recent interview with Xinhua. Birol said several major changes were seen in ...
Today (January 7, 2014), Ing. Guillermo Coco, President of Gas y Petróleo del Neuquén S.A., Martin Bachmann, Member of the Board of Executive Directors of Wintershall Holding GmbH and responsible for Exploration & Production ...
Tags: Gas y Petróleo del Neuquén, Wintershall, Aguada Federal
Environmentalists hoping that oil production will peak in 2014 will be disappointed. New supplies will comfortably outstrip fresh demand, preventing prices from rising. Countries leading the way will include Brazil, Iraq, America and ...
Tags: oil production, Energy
Although oil demand will continue to increase globally, it will become the fuel with the slowest consumption growth because of structural changes in the energy sector, experts said. China will surpass the United States, becoming the ...
Oil demand growth in the US this year is likely to exceed that of China's for the first time since the 1990s, skewing overall global demand in favor of developed markets, investment bank Goldman Sachs said in a new report released Friday. ...
Tags: US, China, oil demand
Rosneft and Statoil today signed the Shareholders and Operating Agreement for a joint venture to assess the feasibility of commercial production from the Domanik shale formation. The document was signed Igor Sechin, President ofRosneft, ...
Tags: Oil and Gas News, Rosneft and Statoil, Shale Oil Cooperation
Oil production in the US state of Texas, the largest oil producer of the nation, hit a record high in September 2013, according to new data released on Tuesday. The Lone Star State pumped 2.7 million barrels of crude oil per day during ...
OPEC should realize the reality that higher oil prices are unnatural and the result of geopolitical issues including imposing sanctions on Iran, a situation that will not be helpful to the organization. Former Iran’s governor for ...
ecorpStim welcomes the conclusions of OPECST* which considers propane stimulation a genuine alternative to hydraulic fracturing for the extraction of shale oil and gas. French parliamentary office OPECST today released its report on ...
Tags: Metallurgy, Mineral, Energy, gas, oil
The American Iron and Steel Institute (AISI) Wednesday applauded the US House passage of a bill allowing states to continue to make their own decisions about the regulation of shale oil and gas production. Thomas J. Gibson, president and ...
Tags: Metallurgy, Mineral, Energy, Oil, Gas
OPEC should realize the reality that higher oil prices are unnatural and the result of geopolitical issues including imposing sanctions on Iran, a situation that will not be helpful to the organization. Former Iran’s governor for ...
Tags: OPEC, benefit, high price
A chief executive officer of a U.S. energy giant on Tuesday called for the government to remove its current ban on crude oil exports so as to lower consumer prices and stimulate further shale oil production, the Houston Chronicle reported. ...
Tags: Crude Oil, Export Ban
Calling it a "game changer" for West Virginia, Gov. Earl Ray Tomblin announced that Odebrecht will build an ethane cracker and three polyurethane plants in the Mid-Ohio Valley region. Odebrecht is an established international petrochemical ...
Tags: Shale, oil, gas, processing, facility, Wood County
Engineering and construction firms have come to the forefront in the efforts of the U.S. oil and gas industry to optimize and accelerate shale development and delivery, according to a new PwC US report released today entitled, Shale Gas: ...
Tags: engineering, construction, acceleration, shale, PwC
In a panel discussion on fuel surcharges at the CITT's National Conference on Supply Chain & Logistics today, Lou Smyrlis, editorial director of Truck News, asked shippers, carriers, and oil industry experts to weigh in on the discussion ...
Tags: Transportation, shipping, auto