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IHS Markit identifies 5 billion barrels of oil equivalent in short-cycle opportunities outside North America

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The IHS Markit report, entitled: “Back to the Basins: International Shorter-Cycle Opportunities,” initially assessed five, short-cycle projects outside the US in mature, late-life basins in Mexico, Nigeria, Egypt, Brazil and the North Sea, and included both shallow water and mature, onshore areas that break even at per-barrel costs under US$40.

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Syrian oil ministry announces oil shale tender

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Mineral Resources, at a workshop on Regional Cooperation for Clean Utilization of Oil Shale held at Sharm-El-Sheikh, Egypt in 2010. (In Published research and geological studies during 1955–1979 identified bitumen and oil shale phenomena in different areas in the country. In 2005, Syria reactivated the effort.

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