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Shale News

British Petroleum buys US shale assets for $10 billion

British Petroleum (BP) made one of its biggest investments in decades Friday with the $10.5 billion purchase of shale oil and gas assets from BHP Billiton (BHP).

Natural gas: Look for rising demand as market prices see rally

The natural gas market was suffering through an end-of-year meltdown, but with the advent of winter and the harsh conditions brought on by a blast of Arctic air, prices had a rally on Friday that looks to carry over into the new year.

France's Total says dropped shale gas licence in Poland

Warsaw - French oil giant Total said Monday it has decided not to renew its only shale gas exploration licence in Poland, the latest setback in the country's efforts to grow the sector.

Romanian villagers take on Chevron over shale gas

Pungesti - US energy major Chevron, shielded by barbed wire, under police protection and under fire from egg throwers, is in trouble in Romania with villagers angry at its drive to drill for shale gas.

GDF Suez reveals deal taking US liquefied gas to Taiwan

Paris - French gas group GDF Suez revealed on Friday a giant deal, the first of its kind, to ship liquefied natural gas from the United States to supply Taiwan.

Shale not a miracle solution for Europe

Paris - Shale oil and gas have had limited benefits for the US economy and their advantages for Europe will be even slimmer, a French think tank said Wednesday.The shale boon in the US has mainly benefited local economies and the gas industry with only "minima...

Saudi 'welcomes' US shale oil boom

Riyadh - Saudi Arabia, an Organisation of Petroleum Exporting Countries kingpin, is unconcerned by the US shale oil boom, Oil Minister Ali al-Naimi said Sunday as he met the US energy secretary in Riyadh.

France's Total 'to explore for shale gas in UK'

London - Total, the French oil giant, is to become the first major firm to explore for shale gas in Britain, the Financial Times reported on Saturday, despite a ban on exploration in France.

Op-Ed: Increasingly Uncertain Future for Algeria's Oil & Gas Production

Investment in Algeria's oil and gas production is threatened by new security fears that add on to longer term issues scaring away foreign firms.

Research: almost all recent U.S. earthquakes are likely man-made

In the past decade there has been a remarkable increase in earthquake activity in the U.S.A. A U.S. Geological Survey research team says that these earthquakes are "almost certainly man-made."

Israel sees shale replacing oil

The Israeli process for producing energy from oil shale will cut its oil imports by one-third.

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