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INEOS realigns portfolio, grabs shale gas to boost position as chemical sector giant: IHS Markit

INEOS, a global manufacturer of commodity and intermediate chemicals with annual revenues last year of $40 billion, is poised to strengthen its position as a global chemical industry giant once it realizes the benefits of two major investments. These initiatives include imports of U.S. natural gas liquids (NGLs) and investment in UK shale gas, says…

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Shale: Swing Supplier or Bridge Fuel? – EIA Energy Conference 2016

More than 1,000 people from industry, government, and academia turned out for Energy Information Administration’s 2016 Energy Conference, July 11 and 12 at the Washington Hilton in Washington, DC to discuss current and future challenges facing domestic and international energy markets and policymakers. Here’s the conclusions of the most significant presentation on shale (on whether shale oil is…

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Prospects for shale gas development in Europe: Report

Europe is particularly well suited for the development and use of natural-gas resources because of its large market, established pipeline infrastructure, increasing demand for energy, and its current dependence on natural-gas imports. Issues surrounding shale liquids and gas development in Europe are substantially different from those encountered in North America. In Europe, population density is…

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Eagle Ford shale takes big spending hit during the oil bust: Wood Mackenzie

Across the US, no other oil field has been hit with bigger spending cuts than the Eagle Ford formation, according to a new report by oil industry analysts Wood Mackenzie. Investments in the 26-county Eagle Ford field that is spread across South Texas plummeted by two-thirds to an estimated $10 billion this year from just…

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Economic benefits of the shale oil boom add $2.5 trillion to US stock values: Wharton study

The shale oil boom in the U.S. is a windfall for drivers and other consumers, cutting prices for gasoline, heating oil and other oil-based products. But what has it done for investors? New research by two Wharton professors and a colleague from the Simon School of Business at the University of Rochester shows the shale…

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US shale gas industry slams Obama’s new Climate Plan

Natural gas advocates denounced the Obama administration’s newly proposed power plant emissions guidelines for “perpetuating the false choice between renewables and natural gas.” “We don’t have to slow the trend toward gas in order to effectively and economically use renewables,” Marty Durbin, president and CEO of industry group America’s Natural Gas Alliance, said. The White…

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