Thu May 12, 2011 16:22 GMT |
In the words of former Shell CEO Jeroen van der Weer, the era of ‘easy oil’ is over. Although a few bright spots remain for conventional oil and gas development, most notably in Iraq, the hydrocarbons industry will increasingly depend for production growth on more technically challenging ‘frontier’ fields. These will be located further offshore… [Read more]
Tags: Canadian sands, China, future trends, gas shale, industry, LNG, methane hydrates, Oil & gas, subsalt
Posted in: Africa, Asia, Brazil, China, Commodities, General, Latin America, Middle East, oil and gas, US
Mon Apr 12, 2010 16:49 GMT |
Technological advances in hydraulic fracturing and horizontal drilling have resulted in booming gas production from shale deposits in the US. US gas reserves, once thought due to run out in 30 years, now look sufficient to meet 100 years of demand. While this is good news for the US, as it reduces gas import dependency,… [Read more]
Tags: China, demand, energy, Europe, gas shale, Gazprom, horizontal drilling, hydraulic fracturing, implications, LNG, prices, US
Posted in: Asia, China, Commodities, Emerging Europe, Eurozone, General, US