IEA: ‘Extraordinary’ growth in US shale oil could trigger OPEC action

The relentless rise of U.S. shale growth could soon spark another significant change of policy from leading oil producers, according to the latest monthly report from the International Energy Agency (IEA). “U.S. producers are enjoying a second wave of growth so extraordinary that in 2018 their increase in liquids production could equal global demand growth,” the IEA…


Shale gas surveys in Nottinghamshire will start – won’t include Sherwood Forest

INEOS has confirmed plans to undertake a 3D seismic survey across parts of Nottinghamshire – but Sherwood Forest National Nature Reserve won’t be affected. Nottinghamshire County Council has received formal notification from INEOS that it intends to start the six-month project on June 5. The survey area covers around 250 square km and covers parts of Worksop,…


Data analysis could trigger new shale gas revolution: Los Alamos Lab

Extensive data mining and analysis of 20,000 shale gas wells has revealed how “refracturing” existing wells with new technology could transform them from diminished producers into high-performers long after their initial peak production period has ended. “Our analysis could potentially aid in reducing the number of new wells to be drilled,” said Richard Middleton, lead…