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       SEO tools for technical optimizations
   DIR By: chandna rani
       Date: September 3, 2023, 4:29 am
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       In 2019, most Western oil companies were either looking for an
       exit route or showing serious reluctance to stay. Most
       significantly, Shell withdrew from the Majnoon oil field in 2018
       and handed over its operations to the Iraqi company Basra Oil
       Company, The return of big business to Iraq starting in 2009 was
       a de facto experiment to test whether Western companies could
       still find a place in a post-imperial Middle East.
       Although the continued presence of British Petroleum ( bp ) and
       TotalEnergies, as well as Phone Number Listy
  HTML http://americaemail.me
       Italian company eni, showed that European
       companies still had opportunities, the political context turned
       out to be much more difficult than expected. The weight of
       history, but also the internal instability caused by the second
       Gulf War, made the outcome of this exercise predictable.
       Furthermore, the fact that Iraq is one of the countries most
       exposed to extreme weather conditions due to climate change
       could only intensify the problems associated with trying to use
       the country as a solution to the world's oil supply. With no
       rapid recovery in Iraqi production possible, the global economy
       became dependent on shale oil in the 2010s. US crude production
       – including condensate – went from five million barrels a day in
       2008 to 12 million.
  HTML https://static.wixstatic.com/media/5f5cc3_5e72b26444f24b45b329c350a8824214~mv2.jpg/v1/fill/w_301,h_177,al_c,q_80,enc_auto/5f5cc3_5e72b26444f24b45b329c350a8824214~mv2.jpg[/img
       At the end of 2019, the shale gas boom seemed to be reaching
       its limits. After falling between 1980 and 2007, US recoverable
       reserves increased significantly starting in 2008 with the
       deployment of hydraulic fracturing ( fracking) .). After a
       decline in 2015, they grew at least 9% annually until 2019, when
       they stagnated. Much of the shale gas sector has struggled to
       recover from the price collapse triggered by the covid-19
       pandemic. Part of the reason for the shale sector's difficulties
       in 2021 is that investors have demanded financial discipline
       after years of poor returns.
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