Image - Shale Gas Market to Register Capital Expenditure of $41.43Bn in 2014

Shale Gas Market to Register Capital Expenditure of $41.43Bn in 2014

The new report, now available on ASDReports the Shale Gas Market 2014-2024: Expenditure Forecasts for Key Market, Plays And The Prospects For Leading Companies indicates that the shale gas market will see Capex of $41.43bn in 2014. Over the past few years the shale gas market has been largely confined to North America, with the USA and Canada the only countries to have achieved commercial production of shale gas. The USA pioneered the proc...

Oil and Gas - Sep 19, 2014


Image - ExxonMobil Statement on Treasury Department Sanctions on Russia

ExxonMobil Statement on Treasury Department Sanctions on Russia

ExxonMobil is complying with all U.S. sanctions. The U.S. Treasury Department, recognizing the complexity of the University-1 well and the sensitive Kara Sea arctic environment, has granted a license to ExxonMobil and other U.S. contractors and persons involved to enable the safe and responsible winding down of operations related to this exploration well. The license recognizes the need to protect the safety of the individuals involved in thes...

Oil and Gas - Sep 19, 2014


Image - US Oil and Gas Production Continues to Increase Thanks to Hydraulic Fracturing

US Oil and Gas Production Continues to Increase Thanks to Hydraulic Fracturing

A decade ago, it was believed that wells that had been hydraulically fractured would have a short life span, that the oil and gas industry would need to keep drilling to keep output up, and that the oil and gas boom would dissipate fairly quickly. But, recent data show that not to be the case. Production is still increasing despite a slowing in oil and gas rig growth, which indicates that the early skeptics who thought this was a temporary produc...

Oil and Gas - Sep 19, 2014