As the turn toward unconventional gas and rise of tight oil continues, the expected revolution is gaining potential players worldwide. But the International Energy Agency warns that attention should be paid to policy and public concern.
Australia already has established itself as a major player in LNG exports. But a recent report suggests the country could surpass Qatar by 2020 if projects progress as planned.
A natural gas production surge is reducing US reliance on foreign countries to meet energy needs. The transformation, fueled by shale development, also is increasing investment opportunities.
The offshore rig market continues to progress with some drillship contracts surpassing $600,000 a day. The showing comes despite volatile crude prices.
The fracing industry has long considered water a nuisance. But water reclamation and treatment companies see H2O as liquid gold, and the technologies they bring to the game will play a pivotal role in the shale boom.
By 2020, Mozambique could become one of the world’s largest suppliers of LNG. The country is expected to join the US and Australia among others in that category based on a report by GlobalData.
Results for this year’s first half compared to last year’s showed the Mexican company’s struggles continue, but top executives seem optimistic about the future.
If the US proves successful in unearthing natural gas from shale formations, the geopolitical structure with the world’s top energy producers could shift in the nation’s favor.