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

Green Car Congress

New energy research from business information provider IHS Markit has identified more than five billion barrels of oil equivalent (BOE) in numerous smaller, previously bypassed, or underperforming reservoirs outside North America that offer oil and gas operators a shorter-cycle path to production than new, frontier projects in undeveloped areas.

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Syrian oil ministry announces oil shale tender

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The General Establishment for Geology and Mineral Resources has carried out the primary exploration studies which included digging wells as well as chemical and metallic lab studies to test the thermal energy content and the oil content in the crude shale. In 2005, Syria reactivated the effort.

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