Offshore fracking is seen by some as the next energy frontier, as companies are using the technique more commonly associated with onshore shale drilling to access deepwater oil and gas reserves.
Beijing is struggling mightily to catch up to the shale revolution, which to date has only occurred in the U.S. A number of hurdles, both above and below ground, forced China to cut its 2020 shale targets in half.
June’s crude oil exports hit their highest level since 1957, according to the U.S. Census Bureau. The summer boom is being driven predominantly by big increases in Canadian imports of U.S. oil.
A recent SEC filing paints a grim picture for China’s state-owned offshore oil company CNOOC, whose reserves seem to be rapidly running out. Energy concerns may play a larger role in Beijing’s South China Sea aggression than previously thought.
While South Korea and Japan currently build most of the world’s liquified natural gas (LNG) ships, China hopes to produce one-fifth of the world’s growing fleet over the next six years.
Gas production in the Marcellus shale formation is booming, producing more than seven times the amount of gas per day than it did just four short years ago.
Under-built pipeline infrastructure is forcing drillers in North Dakota to set on fire the gas they can’t get to market. Flaring, as this process is called, hurts gas companies and Gaia alike, and landowners aren’t happy with it, either.
We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.
We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.