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Oil trades above $33 on hopes of production cuts by major shale producers
2016-01-28 01:00:00| Offshore Technology
Oil prices steadied above $33 per barrel on Thursday, with the possibility of major shale producers joining hands to reduce production.
Tags: major
production
oil
cuts
Oil price plunge threatens shale revolution
2016-01-26 19:54:00| Climate Ark Climate Change & Global Warming Newsfeed
Agence France-Presse: Producers of oil and gas from once hard-to-tap shale deposits are now facing the payback of the energy revolution they wrought: ultra-low prices forcing them out of business. This year is expected to be a make-or-break year for US shale producers, after the 70 percent plunge in crude prices, with many at risk of failure. Dozens of shale drillers sought bankruptcy protection in the last year as low oil prices made their operations uncompetitive and they could not pay debts. But many are holding...
Tags: price
oil
revolution
threatens
BHP writes down $7.2bn of shale assets
2016-01-15 09:11:16| BBC News | Business | UK Edition
BHP Billiton has written down the value of its US shale assets by $7.2bn as a result of the collapse in oil and gas prices.
Tugboats Left Useless by U.S. Shale Boom Finally Have Job to Do
2016-01-12 16:04:56| Energy - Topix.net
Somewhere in the Gulf of Mexico right now, the Energy Atlantic is headed for Louisiana to collect an historic cargo: the first exports from America's shale gas revolution. Waiting to steer the giant tanker into Cheniere Energy Inc.'s $15 billion Sabine Pass terminal is a fleet of tugboats that's spent the past seven years killing time -- some days holding emergency exercises, some days racing each other.
Tugboats Left Useless by U.S. Shale Boom Finally Have Job to Do
2016-01-12 09:59:49| Oil & Gas - Topix.net
Somewhere in the Gulf of Mexico right now, the Energy Atlantic is headed for Louisiana to collect an historic cargo: the first exports from America's shale gas revolution. Waiting to steer the giant tanker into Cheniere Energy Inc.'s $15 billion Sabine Pass terminal is a fleet of tugboats that's spent the past seven years killing time -- some days holding emergency exercises, some days racing each other.
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