US April shale oil output poised to hit highest level in a year

The Energy Information Administration (EIA) reported that it expects an increase in domestic shale-oil production to nearly 5 million barrels a day for April, which would be the highest monthly level in roughly a year. The EIA offered forecasts for a climb from seven major U.S. shale producers by 109,000 barrels a day to 4.962 million barrels…


Saudi Arabia steps in to, unintentionally, support US shale

Things are looking up in Shalelandia these days. Oil prices, despite the most recent drop, have stayed close to $50 a barrel. Rig-counts and production are rising. Even Saudi Arabia is looking discombobulated. Lest we forget, though, the chief reason things are looking up is because E&P companies fell way down. Back in October, Gadfly surveyed the financial…


Flexible US shale industry is changing world gas trade

A cargo of LNG hauled from Louisiana in late December has become a symbol of how global trade is changing for a fuel increasingly seen as a cheap, cleaner-burning option for countries from Latin America to China and India, Bloomber reports. The tanker Maran Gas Achilles passed through the Panama Canal and was headed toward Asia at…


US shale industry suppliers scramble to catch up to the boom

Five years ago, the thought of $55-a-barrel oil would have given Piotr Galitzine heartburn. Now it’s keeping one of his steel-pipe shops in Houston open 24/7 and fuelling a flurry of orders. It’s stoking business for National Oilwell Varco too, with the oilfield-equipment giant for the first time in better than a decade selling more land-based…


Fast growth, capacity on track for northeast US shale gas pipelines

A surge in pipeline capacity for natural gas in the U.S. Northeast this year and next is expected to boost profits for producers and help hold down prices for Midwest and East Coast buyers. The $13.8 billion infrastructure build-out involves seven large pipeline proposals that will take gas in all directions. Producers in the Marcellus…


China’s Anhui province has 3.7 trillion cubic metres of shale gas reserves: Report

China’s Anhui province has shale gas reserves of 3.37 trillion m³, according to a statement published on the provincial government website. The province has delineated eight reserves, while another nine sites have been selected as potential exploration areas, authorities said at the meeting to discuss the Wanjiang Economic Zone geological survey. Geological survey report suggested…