The new drilling technology and short drilling cycle will effectively lower extraction costs of shale oil from Daqing Oil Field, ensuring national energy security, said Du Lei, a project manager ...

New production from the Gulf of Mexico or Alaska will take years to materialize and, as mentioned, most shale drilling is on ...

While the United States leveraged its shale oil revolution to shift from an oil importer to a net oil exporter, the major ...

Ryan Kellogg, a scholar at the university's Energy Policy Institute, said he expects lower industry investments and falling global oil supply, bucking a belief that oil producers would accelerate near ...

The recoverable shale oil reserves in China, one of the world's major crude oil consumers, ranks third globally. Data from China's National Energy Administration shows that the country's crude oil ...

Argentina’s Vaca Muerta shale play reached a new oil production record of 400,000 barrels per day in the third quarter and is ...

Argentina’s Vaca Muerta shale play reached a new oil production record of 400,000 barrels per day in the third quarter and is ...

Argentina's massive Vaca Muerta shale formation produced a record 400,000 barrels per day (bpd) of oil in the third quarter, ...

U.S. oil and gas producers are unlikely to radically increase production under president-elect Donald Trump as companies ...