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.
After recent events in the UK political scene, many have forecasted a decline in the economic performance of the UK industry starting in 2017. Are the March figures demonstrating this yet? Anglo studies some of the most reliable industry reports from IHS Markit in an attempt to answer this critical
In celebration of the International Women’s Day, Anglo Technical has decided to make a quick overview of the position of women in the workplace and in engineering, in the UK and worldwide. Over the past few decades, women have proven they are able to engage in lots of activities that
On Thursday 6th of April 2017, new UK Government IR35 legislation finally kicks in for Public Sector LTD company contractors or as HMRC like to call it “Personal Service Company (PSC)” contractors. It has already caused a shift in the amount of LTD company contractors currently