Shale Oil

New UK Prime Minister Liz Truss has announced a plan to a lift a moratorium on fracking in the country as her government looks to encourage more domestic oil and gas development.

The decision by many European countries to stop importing Russian NG could result in a supply/demand gap of 100-300B m³ by the end of next year.

According to the EIA's most-recent Drilling Productivity Report (DPR),...

Europe's oil majors have made forays into the US shale industry, which was at a production advantage following the 2014 market collapse due to its low-cost, high-margin nature.

First the good news: shale output will rise in Sept. on record Permian Basin output, according to the EIA's latest Drilling Productivity Report released on Aug. 15.

The Globe and Mail reported on Aug. 9 that Germany, which banned fracking for shale gas in 2017, is now reconsidering this ban amid the ongoing energy squeeze being brought on by the phaseout ...

With US shale firms set to report strong 2Q earnings amid the ongoing recovery in energy demand and prices—Bloomberg estimates that combined free cash flow at the top 28 independent US oil producers will exceed $25B for 2Q—several of these firms announced plans to boost capital spending and output to further capitalize on higher demand and prices.

China National Offshore Oil Co. (CNOOC) announced the country's first offshore commercial shale oil and gas discovery at the Weiye 1 wildcat well in the Beibu Gulf in the South China Sea.

On July 19, the Chinese state energy major said had commenced production of 231 b/d of shale oil and 1.5K m³ (53.0K cf)/d of shale gas from exploration well Hua-2-ce in the mature Jiangsu oilfield in the eastern part of the country.

Colombia's Administrative Court of Santander overruled an April 2022 decision from the lower First Administrative Court of Barrancabermeja allowing the Colombian state energy firm to proceed with its two pilot fracking projects, ...