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US Shale Rebound to Remain Subdued Even as Oil Prices Rise

2021-02-22 11:10:00| OGI

The lack of a U.S. shale rebound could make it easier for OPEC and its allies to manage the market, according to OPEC sources.

Tags: prices remain oil rise

 

Russia Makes Progress On Shale Oil Output But Hurdles Remain

2021-02-18 15:09:24| OGI

Gazprom Neft estimates that the reserves of the light, low-sulphur and low-viscosity Bazhenov formation stand at between 18 billion and 60 billion tonnes.

Tags: makes progress remain oil

 
 

Shell, Ovinitv Sell Out of Canadas Duvernay Shale Play

2021-02-18 00:35:00| OGI

For Shell, the transaction marks the latest divestiture in the North American country by the European oil major. Meanwhile, Ovintivs sale comes roughly a month after an activist investor launched a proxy fight against the Denver-based producer.

Tags: play sell shell shale

 

US Shale Could Face Weeks of Depressed Oil Production Due to Cold

2021-02-17 10:55:00| OGI

Roughly 500,000 to 1.2 million bbl/d of crude production in Texas has been shut-in by the weather, which hit the state with the coldest temperatures in 30 years, Rystad Energy says.

Tags: to due weeks face

 

Yergin: US Shale Will Grow under Bidens Rule

2021-02-17 10:00:00| OGI

There are a lot of economic advantages from shale production and some foreign policy advantages, says IHS Markit Vice-Chairman and energy guru Daniel Yergin. And Joe Biden is a foreign policy person.

Tags: rule grow shale bidens

 

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