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News - Oil Shales

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Global Oil Shale Market is Worth $2.88bn in 2011

The Oil Shale Market 2011-2021By: Matthew Jones, VisiongainGlobal oil shale resources are enormous, standing at around 4.8 trillion barrels according to the World Energy Council’s Survey of Energy Resources 2010 (WEC SER 2010). Though it is unclear precisely what percentage of these resources is recoverable...

Rock as Future of Global Energy

For the small Baltic state of Estonia, rock is the future of energy. The nation generates 97 percent of its electricity thanks to oil shale -- sediment formed 400-450 million years ago, containing hydrocarbons. Its industry forecasts that shale's use can only expand. "Estonia has 1.1 percent of global...

Nabucco Targets March for Gas Deals

The Nabucco pipeline consortium wants “concrete commitments” for natural gas deliveries from its suppliers by the end of March."We are in intensive discussions with all potential suppliers," Stefan Judisch, chief executive of Nabucco partner RWE Supply and Trading said in an interview with the Financial...

Belarus to Open Tenders for Oil Shale Projects

Belarus will announce open international tenders for selection of investors for the development of resources, including Turov and Luban oil shale fields.According to Ministry of Natural Resources and Environmental Protection spokesperson Yelena Peniaz, the tenders will be based on the principle of transparency...