The U.S. is on pace to export more energy products than it imports by 2022, as oil and natural gas production from the nation's shale plays keeps booming and domestic energy demand remains fairly tepid, according to the Energy Information Administration.
Mexico hopes to hold its first shale oil and gas auction by the end of 2018, the head of the country’s oil regulator told Reuters Wednesday, potentially opening up one of the world’s top reserves of unconventional fossil fuel to foreign investors.
U.S. crude oil production jumped the 10 million barrels a day (MMBPD) hurdle for the first time in nearly a half-century in November, according to new data released Wednesday by the Energy Information Administration.
Argentinean state-run oil and gas company, YPF, and its Norwegian counterpart, Statoil, have entered into definitive agreements for the exploration and potential joint development of an unconventional field in central-west Argentina.
U.S. crude oil supply will surpass the 10-million-barrels-per-day (MMBPD) mark this year, overtaking Saudi Arabia and rivalling Russia, the International Energy Agency (IEA) said Friday on its monthly oil report.