shale

Oil

IEA: Expect OPEC move to hurt shale

Source: 
The Wall Street Journal

The International Energy Agency on Friday projected that OPEC's move to scrap its production limits last week would have a detrimental impact on competing shale oil production, and it estimated that the world would continue to see an oversupply into 2016, The Wall Street Journal reports.

Oil

Citigroup anticipates 500K barrel production dip by year's end

Source: 
Bloomberg

A Citigroup analysis projects that shrinking capital access for producers will drive a 500,000 barrel-per-day cut in U.S. oil production by year's end, Bloomberg reports.

Bill introduced in Pennsylvania to give tax break for use of shale gas

Source: 
Natural Gas Intelligence

Legislation has been introduced in the Pennsylvania Legislature to give tax breaks to qualified businesses that consume shale gas as an energy source, Natural Gas Intelligence reports.

U.K. county rejects shale development plan

Source: 
The New York Times

The local government in Lancashire County in England dealt a blow to British efforts to develop shale resources, rejecting a plan from Cuadrilla Resources to use hydraulic fracturing to extract natural gas, The New York Times reports.

Methane hydrates seen as viable energy for future

Source: 
National Journal

As extraction costs decrease and the Energy Department renews focus on research, some scientists say methane hydrates, gas trapped in ice, have strong potential to be a major source of U.S. energy in the future, National Journal reports.

France lawmakers call for limited fracking to estimate reserves

Source: 
Bloomberg

A group of French lawmakers called for the nation to allow hydraulic fracturing at research wells to gauge its shale oil and gas reserves, Bloomberg reports.

Storage pond at Alberta coal mine spills contaminated water into river

Source: 
Bloomberg

The Alberta Environment Ministry issued a drinking water warning after a storage pond at the Obed Mountain coal mine spilled water contaminated with coal and shale particles into the Athabasca River, Bloomberg reports.

Oil

Reuters poll: Shale will lead to much cheaper oil in next few years

Source: 
Reuters

A Reuters survey of energy and financial analysts projected that the cost of Brent crude will average 95 dollars a barrel -- 80 dollars in real terms -- in 2020. That's a drop of 20 dollars since last year's survey, and it's thought due to the shale boom.

Shale opponents see short-term, costly boom

Source: 
Bloomberg

A number of skeptics of the continued potential of shale drilling say the process will result in a short-term boom with high financial and environmental consequences, Bloomberg reports.

Oil

OPEC acknowledges role of shale development on world oil supply

Source: 
Reuters
In its annual World Oil Outlook, OPEC said the development in extracting oil and gas from shale is resulting in an expansion of the global oil supply, Reuters reports.

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