The global attention towards the development of shale oil may have continued to suffer setback, as the hope of nations on the assessed world energy changer gets dimmer owing to sliding crude prices.
Indeed, oil multinationals that were wholly committed to the shale projects are now having a rethink, as the projects become more uneconomical by the day. Shale oil producing countries, such as Turkey, Ukraine and Argentina, Romaian , Poland and Hungary, Germany and South Africa, are now left at crossroads on the way forward to oil boom.
Read more @ The Guardian
United Arab Emirates Energy Minister Suhail Al Mazrouei said he hopes BP Plc, Royal Dutch Shell Plc and Total SA have “a good chance to compete” for concessions in the nation’s biggest onshore deposits of crude oil.
The three companies, together with Exxon Mobil Corp. and Portugal’s Partex Oil & Gas, were partners with Abu Dhabi, the UAE’s largest emirate, in a joint-venture agreement that expired in January.
Read @ The Punch
Indeed, oil multinationals that were wholly committed to the shale projects are now having a rethink, as the projects become more uneconomical by the day. Shale oil producing countries, such as Turkey, Ukraine and Argentina, Romaian , Poland and Hungary, Germany and South Africa, are now left at crossroads on the way forward to oil boom.
