Articles, reports and announcements about newly discovered plays and fields.
- - 1923 - [May 19, 2015] - CNBC, Andrew Zaleski, special to CNBC.com - "Technology for a Saudi fracking boom moves closer to reality"
- " The key to an energy boom is simple: Build a technology to get at the oil and gas that geologists already know is trapped in various subterranean, or subsea, formations.
The fracking boom in the U.S. is the obvious example. Extracting seabed methane hydrate is another huge bet—energy-starved Japan has made that.
Saudi Arabia could be next to use new technology to get at currently trapped gigantic reserves of oil and gas. A small pilot project about to get under way is the energy market equivalent of a moonshot, but it could allow a Saudi fracking boom to move one step closer to reality."