The total reserves of shale oil around the world could be high enough to trigger a rise in crude stocks on the planet, with one organisation suggesting the amount of crude is set to increase by 11 per cent. According to the Energy Information Administration, a US government department, there are some 345 billion barrels of shale oil that is described as "technically recoverable" in 41 nations on the planet. In addition to its upward effect on the crude resources, the presence of 7,299 trillion cubic feet of shale gas may drive a 47 per cent boost in natural gas resources. While it should be noted that "technically recoverable" reserves are not always guaranteed to be reached and added to supply, it is positive that such an amount of the material exists. Jan Stuart, head of energy research at Credit Suisse in New York, said: "The reserves are one thing, but the ability to scale up the production for those reserves is another thing, which is not as straightforward in many parts of the world as it has proved to be in the US." One of the most problematic areas is Poland, which is said to be home to ample potential supplies of shale oil. However, several companies have abandoned drilling projects in the country after realising extraction there is difficult. Reserves of shale oil and gas are likely to have a tremendous impact on markets around the world. One consequence could be an increase in oil and energy jobs in various countries, where the larger stocks can be accessed. It is Russia that currently tops the list of those countries with the greatest oil reserves, with the nation boasting 75 billion barrels. This put it ahead of the US, China and Argentina. Reuters noted that Algeria is a particularly fast-moving oil market, with its stocks said to have more than tripled since estimates were carried out in 2011, making it one of the world's most significant contributors.
The Femern project involves construction of an 18km combined road and rail tunnel linking Germany and Denmark. The tunnel, which will 9m high and 43m wide, is being built by the Femern Link Contractors. The joint venture comprises Vinci Construction Grands Projets (lead company for the two
The new 58,000 square-foot multidisciplinary hub is part of the university’s new campus in White City, west London. Graham will fit out all levels of the building, apart from the top floor, which is shell-and-core only, a statement on the appointment said. Imperial College London dean of the
Leeds Teaching Hospitals NHS Trust has revealed the architects and design teams in the running to work on the £600m redevelopment of two new hospitals in the city. The trust was one of six to be awarded a share of £2.7bn of funding last year as part of the first wave of the