Hamm’s Continental Resources, in a joint venture with US-based TransAtlantic Petroleum and Turkish Petroleum, plans to explore and extract resources in the Diyarbakir Basin and Thrace Basin, which are ...

By Newsbase MENA syndicate Iran has struck new deposits of “unconventional” oil estimated to hold up to 5bn barrels ...

Sinopec has certified 1.3 billion barrels of new shale oil reserves in eastern China, despite the challenges of deep ...

Sinopec Corp said on Monday the Chinese government has certified about 180 million metric tons, or about 1.3 billion barrels, ...

Beijing has launched a drive to uncover new domestic fossil fuel reserves as it seeks to reduce its dependence on imports.

The recoverable shale oil reserves in China, one of the world's major crude oil consumers, ranks third globally. Data from ...

Scott Sheffield, the retired shale impresario who built a fortune drilling for Permian Basin oil, has grim advice for former rivals as President Donald Trump pushes for “drill baby drill” to bring ...

A senior industry representative has called on the Chinese government to extend and enhance fiscal incentives for domestic ...

Senior Vice President and Director of Research, Federal Reserve Bank of Dallas The "shale revolution" has stimulated tremendous production of oil and natural gas in the United States. The ...

In a major boost for China amidst the ongoing tariff war with the United States, Beijing has discovered large reserves of shale oil two separate regions of the country. According to details ...

Oil prices rebounded on Friday after Russia’s deputy prime minister suggested oil cartel Opec+ could reverse a plan to ...