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Oil & Gas Technology Report, Shale Report

Shale as a theme in Oil & Gas - Thematic Research

How will countries benefit from shale developments?

Shale developments have appropriately been described as a revolution and are forecast to provide continued growth for decades to come.

The US energy landscape has greatly benefited from the shale industry as production contributions have helped place the US at the top of global crude production, and future gas supply is anticipated to exceed demand far into the future.

  • What you need to know...
  • International shale players have faced significantly more challenges but may still impact the global trade in the long term.
  • The Permian Basin is driving oil production in the US and could become one of the largest oil patches in the world by the next decade.
  • Increasing dependance on natural gas imports is driving the resource-rich countries to develop their shale gas resources globally. China is at the forefront of shale gas development outside of North America.
  • Booming shale oil growth would enable the US to meet more than 50% of global oil demand growth by 2023.

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Which country is one of the most promiment in terms of shale development?

Unconventional oil and gas resources are generally considered more difficult and expensive to produce when compared with conventional oil and gas resources.

Outside of the US, China is one of the most prominent countries in terms of shale resource development. In order to meet the increasing demand for oil and natural gas, China aims to rapidly develop its shale oil and gas resources.

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