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The Forum > Article Comments > Oil megaprojects won't stay on the shelf for long > Comments

Oil megaprojects won't stay on the shelf for long : Comments

By Nicholas Cunningham, published 10/11/2015

Extracting oil from these frontier areas required more advanced technology and a lot more capital: Ultra deepwater, Arctic offshore, heavy oil sands, and increasingly, the Lower Tertiary.

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OK Plantagenet, understood.
Yes NG from shale has been a good saviour for the US.
The price is very low at present but the US expects it to rise.
It is affecting the price our CNG sells for from Gladstone.
They have only just started shipping it so they want to get some of
their capex back asap.

It may just go on like it all is at the moment.
There is some opinion I have seen where they do not expect a price
change till 2020. I do not see it myself, but I could be wrong.
I think the Wall St financiers are too twitchy about shale not to
pull the plug before 2020.
Posted by Bazz, Thursday, 12 November 2015 9:38:03 PM
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