Source: Aya Batrawy, The Associated Press, April 4, 2018 DUBAI, United Arab Emirates — The small island-nation of Bahrain on Wednesday announced the discovery of 80 billion barrels of shale oil, its largest oil and gas find ever. Bahrain’s oil minister and energy executives detailed the find at a press conference, saying the tight oil was… Continue reading Bahrain’s largest oil find estimated at 80 billion barrels
Tag: shale oil
Why Canada is the next frontier for shale oil
Source: Nia Williams, Thomson Reuters, CBC News, January 29, 2018 Massive fields, mostly in Alberta, could rival the richest U.S. deposits The revolution in U.S. shale oil has battered Canada’s energy industry in recent years, ending two decades of rapid expansion and job creation in the nation’s vast oilsands. Now Canada is looking to its own shale… Continue reading Why Canada is the next frontier for shale oil
Don’t write oil’s ‘obituary,’ IEA says in long-term demand forecast
Source: CBC News, November 14, 2017 U.S. projected to become net oil exporter thanks to gains from shale oil output Global oil demand is expected to keep rising over the next two decades, albeit at a steadily decreasing pace, according to a new report released Tuesday by the International Energy Agency. “It is… Continue reading Don’t write oil’s ‘obituary,’ IEA says in long-term demand forecast