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US-style fracking goes global as nations chase energy security
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US-style fracking goes global as nations chase energy security
Hydraulic fracturing, long dominated by the U.S. shale industry, is rapidly becoming a global export as countries seek to unlock hard-to-reach oil and gas reserves to meet rising energy demand, Bloomberg writes. From Australia’s Beetaloo Basin to Saudi Arabia’s massive Jafurah shale project, governments and producers are increasingly adopting American-style fracking techniques, supply chains and operational expertise. U.S. service companies and…
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