Shale Oil Mining News

Trump’s energy policy to focus on boosting fracking, reviving coal sector

US President Donald Trump has outlined his goals in terms of energy and mining, leaving out specifics about how exactly he aims to achieve them.

BHP Billiton to lose chairman Jac Nasser next year

He said he had intended to announce his retirement last year but chose to stay on while BHP dealt with the aftermath of the Samarco mine disaster in Brazil.

World’s top miner BHP Billiton finally sees signs of recovery in mining

BHP is not the first major player to flag green shoots in the mining industry. Caterpillar, the world's largest heavy machinery maker, said the same last month.

World’s No. 1 miner BHP Billiton put its money on oil and gas

The company believes the market is set to move back into balance in 2017, with demand to exceed global supply.

BHP takes largest-ever write-down on US shale operation

The world’s largest miner announced Friday a roughly $7.2 billion pretax charge against its U.S. onshore energy assets

Oil sands industry to remain under siege until 2020 on low crude prices

The gloomy outlook comes as the International Energy Agency predicts crude oil won't reach $80 a barrel until at least the end of the decade.

BHP Mackenzie calls US Congress to lift four-decade ban on oil exports

More than a dozen energy companies have been pressing U.S. authorities to lift the nation's four-decade moratorium on oil exports.

IEA predicts huge collapse in US oil output next year

The agency believes U.S. tight oil supply will sink by nearly 400,000 barrels a day in 2016.

BHP Billiton beats iron ore guidance, takes copper write-downs

The world's No.1 miner will continue boosting its iron ore output, adding to a global glut and keeping pressure on prices.

BHP Billiton to take a $2.8 billion write-down on US assets

With this impairment BHP will have written down its oil and gas business by more than $4 billion since 2011.

U.S. widens battle for global oil market: allows condensate exports

The government also published a list of answers to common questions about crude exports, providing guidance in a matter plagued by confusion.

New low in oil prices drags BHP Billiton stock below 2009 levels

The stock closed in Sydney below the $30 mark, which is the lowest it has traded in the last five years.

BHP Billiton to export US oil without permit

The move is considered another sign that Washington’s decades-old federal ban on crude exports is crumbling.

Canadian studies endorsing fracking highly flawed — critics

The two documents released Tuesday conclude the debated extraction process just needs to be closely monitored and properly regulated.

The US now produces more than 10% of the world's crude, thanks to the shale industry

US tight oil production averaged 3.22 million barrels per day over the past three months.

Mexico passes historic bill ending oil monopoly

In a country that celebrates “Oil Industry Nationalization Day,” the energy package approved last night has automatically become Mexico’s most significant and controversial economic reform since the NAFTA.

U.S. to become world’s top oil producer earlier than expected

But not a long-term threat to the OPEC.

Diversification is key to energy value

Frank Holmes and Brian Hicks of U.S. Global Investors view shale oil plays as integral to an energy renaissance.