IEA: U.S. shale oil production growth ‘impressive’

Cost savings and technological improvements have contributed to the “impressive growth” from U.S. shale oil, the International Energy Agency said. IEA Executive Director Fatih Birol delivered a presentation on the state of the global energy market from Madrid. The low price for oil, by historical standards, has put strains on conventional hydrocarbons, though renewable energy is gaining dominance. On…


Self-driving shale oil drilling rigs will arrive sooner than self-driving cars

In the oil and gas world, a $75-million M&A transaction rarely generates big headlines. The acquisition of MOTIVE Drilling Technologies by Helmerich & Payne announced last week is no exception. However, the transaction’s significance for the shale oil industry may be greater than its modest size might suggest. The announcement marks the accelerating adoption by…