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.
Network Rail tenders £1.7bn minor works contract
Network Rail Southern Region is seeking 16 contractors for a new minor works framework. The minor works buildings and civils framework (MWF-B&C) is divided into nine lots for unplanned, planned and cyclical maintenance works. The £1.7bn framework is designed to align
Contractor signed for the construction of a £9m new Trent bridge
A bridge is being built to connect pedestrians and cyclists in the Lady Bay area south of the river with the Trent Basin waterside housing estate on the north side of the river, close to Nottingham city centre. It will be the first new crossing of the Trent in the city for 65 years.
Women in Rail Conference marks end of 10th anniversary celebrations
Women in Rail (WR) marked the end of its 10th anniversary celebrations with its annual Conference on Thursday 2nd March 2023. The hybrid event, hosted by London law firm Stephenson Harwood, brought together 120 in-person attendees and a virtual audience of almost 100. Tickets had sold out