has an estimated shale oil resource of 10.5 billion tons, of which 1.73 billion tons have been identified as prospective reserves, Sinopec said. Despite the huge resource size, shale oil remains ...
China has abundant shale oil resources, but they are mainly continental shale oil, making exploration and production difficult. Compared with the shale oil reserves in North America, those in Jiyang ...
The industry has developed in Brazil, China, Estonia and to some extent in Germany and Russia. Several other countries are currently conducting research on their oil shale reserves and production ...
Senior Vice President and Director of Research, Federal Reserve Bank of Dallas The "shale revolution" has stimulated tremendous production of oil and natural gas in the United States. The ...
And what of the shale oil reserves that have propelled the United States to becoming close to energy-independent and threaten to knock Saudi Arabia off its pedestal as the world's top oil producer?
This is the Marcellus shale ... of where the richest reserves lay. This was an important differentiator between America and countries where big, lumbering national oil companies moved more ...
The U.S. is far behind at 4% of the world’s proved reserves. This is why OPEC often plays the long game in the crude oil markets. They know if they can outlast the shale oil boom, they might once ...
More consolidation in the US shale sector is needed to cope with soaring costs to identify and exploit untapped oil reserves, according to Kimmeridge Energy Management Co. So-called finding and ...