Tag: shale

Shale drilling Ovintiv will increase 2024 oil and fuel manufacturing goal on surprising Permian success

(Bloomberg) – Shale driller Ovintiv Inc. elevated its 2024 manufacturing goal, the second oil and fuel firm to take action this 12 months. ...

Why are futures outlook bleak when shale oil manufacturing is winding down

The newest information is that US oil manufacturing is winding down resulting from depletion of oil within the Permian Basin. (The ostriches who nonetheless suppose we have now oil for 200 years can...

Natural gas from Texas shale fields becoming more coveted than oil

(Bloomberg) — In the hydrocarbon-rich fields of Texas, natural gas was always treated like the dregs that crews had to deal with as they pulled oil out of the ground. The two often...

INEOS renews offer to drill shale gas test well in the UK

INEOS is renewing its offer to the UK government and the new Prime Minister Liz Truss to drill a shale gas test well in the UK. ...

UK lifts shale gas fracing ban in hopes of boosting fuel supply

(Bloomberg) — New British Prime Minister Liz Truss removed a ban on drilling for shale gas, an effort to boost domestic energy supply that will have to overcome the same obstacles that stymied...

Young shale CEOs eye output boost in oil patch struggling to grow

(Bloomberg) — Investors desperate for clues on the outlook for U.S. shale oil production now have one of their first official forecasts for 2023, with the new chief executive officers of Permian Resources...

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