Offshore oil production is expected to hit a peak in 2020 before joining the shale industry in a slump that could dramatically rewrite market supply predictions.
A report by analysts at Sanford C. Bernstein & Co. sees projects in the Gulf of Mexico and off of South America significantly boosting...
Yantai-based Jereh Group, a private Chinese oil and gas equipment manufacturing company, released the world's first electric-drive fracturing equipment on April 20. The drive will significantly reduce costs and improve the efficiency of shale gas extraction.
China has the largest proven reserves of shale gas globally. And among the integrated...
