Tight oil production to top 6m barrels a day by 2026

Tight oil production in the US is forecast to rise to above six million barrels per day (b/d) in the next decade. That’s according to a new report from the US Energy Information Administration (EIA), which suggests it won’t be long until tight oil makes up most of total oil production in the country. Tight oil is a light […]

Global shale oil production ‘to more than double by 2040’

Global shale oil production is expected to more than double between 2015 and 2040. The world will see an an increase from 4.98 million barrels per day (b/d) last year to 10.36 million b/d in 2040, according to the US Energy Information Administration (EIA). It states most of the projected increase will come from the […]

Argentina and China fracking leaders outside North America

Argentina and China are leading the way in developing commercial volumes of shale gas outside North America. That’s according to a new report from the US Energy Information Administration (EIA), which stated the two countries have the potential to “significantly increase” production of shale gas and tight oil. It added China has drilled more than 200 wells and […]

Only four nations commercially produce shale gas, tight oil – EIA

Only four countries in the world currently produce commercial volumes of shale gas or crude oil from tight formations – also called tight oil. That’s according to the US Energy Information Administration (EIA), which revealed the US, Canada, China and Argentina are the four nations, with the US being the dominant producer of both. Canada […]

‘Russia needs foreign money for long term oil production’

Russia needs to attract international investment to its oil and gas sector if it is to maintain production in the long run. That’s according to research and consulting firm Wood Mackenzie, which said the country needed to switch its focus away from the low hanging fruit of conventional onshore projects to more difficult and costly […]

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