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Shale oil

News and analysis about shale oil

October 2023

  • The logo for Chevron appears above a trading post on the floor of the New York Stock Exchange

    Chevron to buy oil and gas producer Hess in $53bn all-stock deal

    Takeover puts Chevron head-to-head with ExxonMobile in oil-rich Guyana and US shale industry
  • A shale oil power plant in Auvere, Estonia

    Court orders Estonian state energy firm to halt shale oil plant construction

    Judges rule environmental impact in Narva-Jõesuu had not been fully assessed after activists brought case
  • FILE PHOTO: Illustration shows ExxonMobil and Pioneer Natural Resources logos<br>FILE PHOTO: ExxonMobil and Pioneer Natural Resources logos are seen in this illustration taken, October 8, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

    Exxon reinforces support for fossil fuels with deal to buy shale giant for $60bn

    Deal to buy Pioneer Natural Resources shows Exxon’s confidence that fossil fuel output will not be hampered in years to come

October 2022

  • Henny Beaumont opinion cartoon for 6 October edition

    Guardian Opinion cartoon
    Henny Beaumont on Jacob Rees-Mogg’s enthusiasm for fracking – cartoon

    The business secretary says he would be ‘delighted’ if shale gas extraction took place in his back garden

April 2022

  • Cuadrilla’s hydraulic fracturing at Preston New Road shale gas exploration site in Lancashire

    Ministers launch fracking study, paving way to end moratorium in England

    Conservatives seek to examine latest techniques, citing rising energy costs

March 2022

  • Taneco oil refining and petrochemical complex in Tatarstan, Russia

    After Ukraine, how will the world replace Russia’s oil products?

  • Smoke billows from Belchatow power station, Europe's largest coal-fired power plant in Poland.

    The Observer view on Ukraine and the climate emergency

January 2021

  • A crude oil pump jack on a drill pad silhouetted at dawn in the Permian Basin in Loving County, Texas.

    Energy agency forecasts lower demand for oil as Covid cases surge

    Influential IEA cuts forecasts for rebound in market as new lockdowns bite

December 2020

  • Shale gas drilling site

    How tough will Joe Biden be on the US shale industry?

    The president-elect plans to reduce incentives for fracking, but has stopped short of a ban

October 2020

  • ExxonMobil share price sign

    ExxonMobil warns of $30bn writedown of shale assets amid energy price slump

    Announcement follows record quarterly loss of $680m, its third quarterly deficit in a row

May 2020

  • Vaca Muerta gas well

    Polémico proyecto de fracking en Argentina amenazado por la pandemia de coronavirus

    El confinamiento y la caída del precio del petróleo ponen en juego el futuro de un enorme yacimiento petrolífero argentino

April 2020

  • An aerial view of a gas well

    Coronavirus pandemic threatens controversial fracking project in Argentina

    Lockdown and oil price slump leave future of vast Argentinian shale project hanging in balance
  • Natural gas is flared off as oil is pumped in the Bakken shale formation in North Dakota.

    US shale industry expected to shrink sharply as oil price falls

    Producers forced to shut rigs as demand slumps and US market drops below $18 a barrel
  • Saudi Arabia’s minister of energy, Prince Abdulaziz bin Salman Al-Saud

    Major oil-producing nations agree historic 10% cut in output

    Saudi Arabia and Russia reach truce after collapse in demand caused by coronavirus

January 2020

  • A polluted beach in Mumbai. Novel ways to collect plastic from rivers and oceans were introduced last year.

    The plastic polluters won 2019 – and we're running out of time to stop them

    Further steps have been taken to clean up beaches and seas in 2019 – but much more needs to be done

October 2019

  • Albino Campo Maripe in front of a burning well in Neuquén province, Argentina.

    The polluters
    Indigenous Mapuche pay high price for Argentina's fracking dream

    Community tell of devastating environmental impact on land where their animals grazed

August 2019

  • A test drilling site for shale gas

    UK shale gas reserves may be fraction of what is claimed – study

  • Three protesters siting in road near Cuadrilla’s Preston New Road site, Lancashire, as the firm began fracking, October 2018

    Government's shift to relax shale gas fracking safeguards condemned

  • Gas flare at oil well site

    Fracking causing rise in methane emissions, study finds

  • Cuadrilla fracking site

    Cuadrilla seeks extension to drill for shale gas until 2021

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