filmov
tv
Shale Revolution: Quale impatto geopolitico?
Показать описание
Marco R. Provvidera (Attorney at law) spiega quale impatto geopolitico ha la shale revolution.
Main shale oilfields in the US:
Bakken formation, running underneath North Dakota into Montana and Southern Canada; Eagle Ford, running in south Texas, from Austin into Mexico;
Gas field: Barnett Shale, north Texas;
Advances in two technologies were key in the late 1990's and early 2000's (at first only for gas): Hydraulic fracturing ("fracking") and horizontal drilling; First really successful oil drilling 2006-2009;
Drilling rigs in North Dakota doubled from May to December '09 from 35 to 75, doubled again to 173 by end of 2010. Statoil of Norway joined the game in 2011, buying local Brigham Exploration.
US oil production averaged 5.4 million barrels per day in 2009; last
month it was 9.4 million, approaching all-time high of 10 million
reached in 1970 (before oil crisis);
From 2011 to summer 2014 additional oil from the US was offset in world markets by shortage of supply from other countries, including Libya's civil war and sanctions to Iran. Conflagration in price after summer '14 and specially after OPEC meeting in Vienna, November 27 (Saudi Arabia refused to cut production).
Oil price in June '14 was more than $100 per barrel; Dropped to about $48 in January '15; Over the next 120 days almost half of the new drilling rigs in the US were out of operation. Today oil price partially rebounded through $58.
US shale industry is being resilient: entrepreneurial culture; depth of
knowledge in oil and gas; Silicon Valley-like innovation (sensors to get data from each single well etc); supportive capital markets; It is there to stay.
Main shale oilfields in the US:
Bakken formation, running underneath North Dakota into Montana and Southern Canada; Eagle Ford, running in south Texas, from Austin into Mexico;
Gas field: Barnett Shale, north Texas;
Advances in two technologies were key in the late 1990's and early 2000's (at first only for gas): Hydraulic fracturing ("fracking") and horizontal drilling; First really successful oil drilling 2006-2009;
Drilling rigs in North Dakota doubled from May to December '09 from 35 to 75, doubled again to 173 by end of 2010. Statoil of Norway joined the game in 2011, buying local Brigham Exploration.
US oil production averaged 5.4 million barrels per day in 2009; last
month it was 9.4 million, approaching all-time high of 10 million
reached in 1970 (before oil crisis);
From 2011 to summer 2014 additional oil from the US was offset in world markets by shortage of supply from other countries, including Libya's civil war and sanctions to Iran. Conflagration in price after summer '14 and specially after OPEC meeting in Vienna, November 27 (Saudi Arabia refused to cut production).
Oil price in June '14 was more than $100 per barrel; Dropped to about $48 in January '15; Over the next 120 days almost half of the new drilling rigs in the US were out of operation. Today oil price partially rebounded through $58.
US shale industry is being resilient: entrepreneurial culture; depth of
knowledge in oil and gas; Silicon Valley-like innovation (sensors to get data from each single well etc); supportive capital markets; It is there to stay.
0:02:07
2:07:40