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How Impacted COVID-19 on U.S. Shale Gas in Chemical Industry ?

INTRODUCTION
Shale gas and shale oil are defined as natural gas & oil from shale formations. Shale is a type of sedimentary rock that is made up of very small clay particles and is highly porous in nature. It is formed in deep ocean water, lagoons, wetlands, and swamps where the water is still enough for extremely fine clay and silt particles to settle to the bottom.
Since shale is a porous formation, it serves as both a source and a reservoir for unconventional hydrocarbons. The extraction of oil and gas from a shale formation involves mechanical stimulation. One such technique for stimulation is hydraulic fracturing or fracking. In the fracking process, cracks in and below the Earth's surface are opened and widened by injecting water, chemicals, and sand at high pressure. The combination of horizontal drilling and hydraulic fracking has made it possible to access vast quantities of shale gas that were previously uneconomical to generate. Natural gas output from shale deposits has given the United States natural gas industry a new lease on life.
The demand for safe access to energy sources is growing globally. Shale oil and gas have played an important role in meeting global energy demand during the energy revolution and are expected to continue to do so for decades as society transitions to lower-carbon energy sources. The rapid growth of shale oil and gas contributes to increased supply stability and lower commodity prices.
According to the United States Energy Information Administration (EIA), in the year 2011, the country’s estimated available natural gas resources totaled 2,552 trillion cubic feet (Tcf). Natural gas from shale deposits, which was once considered to be uneconomical, accounted for 827 Tcf of this resource total. In the year 2020, U.S. dry shale gas production was about 26 trillion cubic feet (Tcf), and equal to about 78% of total U.S. dry natural gas production.
IMPACT OF COVID-19 ON U.S. SHALE INDUSTRY
Shale oil and gas exploration have, in particular, given the US oil and gas industry new dimensions of development. It has also fueled significant investment in associated infrastructure for gathering, storing, and delivering hydrocarbons to both domestic and foreign markets. In less than a decade, the US shale industry turned the global energy landscape upside down and re-established the US as the global energy leader. The onset of a global pandemic and subsequent drop in oil prices, on the other hand, has taken the momentum out of the shale boom. Due to a sudden drop in demand, the shale industry has immediately self-corrected.
Many oil and gas players succumbed to the economic shock resulted from the CoVID-19 and filed for bankruptcy. Chesapeake Energy, a shale leader and once second-largest gas producer in the United States, filed for Chapter 11 bankruptcy protection in late June. According to the United States Energy Information Administration (EIA), the crude-oil output from seven major shale formations in the United states fell by around 56,000 barrels per day (BPD) in August 2020 to just under 7.5 million BPD, which would be the lowest level in two years.
The shale industry is closely looped in with the oil and gas industry. The recent downfall of the oil and gas industry during the pandemic has had a severe impact on shale output. Post pandemic, the shale industry peaked, but the industry as a whole lost money. Since 2010, the US shale industry has produced USD 300 billion in net negative free cash flows, damaged more than USD 450 billion in invested capital, and seen more than 190 bankruptcies. With the advent of the coronavirus, the future for shale producers has become even bleaker, with a new bankruptcy filing occurring every week or so in the last few months.
The pandemic's effects will be felt far beyond the US shale industry. Despite accounting for less than 10% of global oil and gas output, US shale oil extraction activity accounts for 40% of global shale oil extraction activity and accounts for nearly 100% of the growth in US midstream and export-oriented refining and petrochemical sectors over the last decade.
STRATEGIC INITIATIVES DURING COVID-19
· Organization of the Petroleum Exporting Countries (OPEC) agreed on a continuation of March production levels for the month of April, with the exception of Russia and Kazakhstan, which will be authorized to increase production by 130,000 and 20,000 barrels per day, respectively, at their most recent meeting
· Saudi Arabia has also agreed to extend its one-million-barrel-per-day voluntary cut for the month of April.
· Companies such as Chevron, Shell, Schlumberger, and others have taken initiatives to safeguard their workforce in the ongoing pandemic situation.
CONCLUSION
On Conclusion, the pandemic has placed the shale industry in a delicate spot as major players are forced to cut down the output. The potential energy landscape in the United States and around the world is highly complex, and its drivers are interconnected. In the not-too-distant future, a wave of consolidation in the US shale industry could be triggered by the poor financial position of many firms and the weak economic outlook.
The continuous demand for a ban on fracking, coupled with the effect of COVID, has cracked the shale industry severely. Although, the historic evidence indicates that the shale producers operate more economically. In comparison to 2019, producers in the Permian Basin are saving roughly 20% on good costs.
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Influencer marketing is a sort of marketing that utilizes influencers to elevate a brand to a bigger market. Influencers are assessment pioneers with a social following base. They show up as specialists or dependable wellsprings of data. For what reason is Influencer Marketing Significant? Influencer marketing is firmly connected with virtual entertainment marketing, as most assessment pioneers accumulate their crowd from social stages. This channel gives you admittance to a gigantic crowd - a big part of the worldwide populace utilizes informal organizations. Even better, influencer marketing empowers you to contact individuals you can't accomplish through conventional promotion. 66% of customers use promotion blockers, however similar individuals readily take exhortations from influencers. 80% of clients have bought something given an influencer's suggestion. Brands that as of now utilize influencer marketing have demonstrated the viability of this channel. 89% of advertisers say that return for money invested from influencer marketing is similar to or better than other marketing channels. It's no big surprise that 17% of organizations spend over a portion of their marketing financial plan on influencers. Thus, influencer marketing is significant in the time of online entertainment and promotion weariness. This channel assists work in trusting your image and drives great outcomes. Presently, we should continue toward different advantages influencer marketing gives. Advantages of Influencer Marketing Brand mindfulness development Content methodology enhancement Quality lead age Cost-viability Influencer marketing is a powerful method for further developing your marketing system, arriving at business goals, and, surprisingly, cutting costs. How about we dive into subtleties and find the advantages influencer marketing has for your image? Brand mindfulness development 40% of advertisers use influencer marketing to help brand mindfulness, and this procedure works perfectly. Assessment pioneers share your image's story, mission, and values with their devotee base. It consequently extends your effort and is situated on the web. Content procedure improvement Influencer marketing is a once-in-a-lifetime chance to perk up your online entertainment posts. You can repost the influencer's substance or urge their supporters to make client-created content, as 24% of brands do. You can likewise involve bloggers' pictures for other marketing channels, like designated, publicizing. To stay away from copyright issues, remember it for the agreement. Quality lead age 36% of brands use influencer marketing to produce leads. 72% of them accept that this channel brings better leads contrasted with different channels. Individuals for the most part have an uplifting perspective on the brands their #1 blogger promotes. Even better, a few kinds of content, like surveys, draw in hotter leads in the center phases of the deals pipe. Cost-adequacy Other marketing channels require ordinary deluges of money from your spending plan. For example, to advance your image through web crawler marketing, you need to top up your record on the publicizing stage. In any case, your promotion vanishes from the web crawler results page. A thoroughly examined influencer marketing methodology can drive improved results for lower charges or even permit you to deal from now on. One more note on influencer marketing adequacy - by and large, brands make $5.20 for each $1 spent on this channel. Influencer marketing can add to your business by assisting you with developing brand mindfulness and online presence, as well as guaranteeing lead age. Contingent upon your goals, you can pick various sorts of influencer marketing efforts. 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In the model beneath, gems brand Stone ordnance joined powers with Gwen Rachel, who has north of 200 thousand supporters. The blogger snapped a photo of herself wearing Stone ordnance gems and highlighted the organization's record in the subtitle. Unboxings Marks frequently send gifts to influencers trusting that the web-based entertainment star will open and survey them. It costs close to nothing contrasted and the expenses influencers charge for publicizing. Notwithstanding, this technique is very dangerous. The assessment chief, most importantly, may not survey your item by any stretch of the imagination. Another point is the influencer's negative input frequently becomes risky for brands. At last, some of the time organizations spread themselves out to satisfy bloggers yet cut corners pressing requests for clients, which drives backfire. Thus, work around these conceivable outcomes before utilizing this strategy. The beauty care products brand, Excessively Confronted, dazzles influencers with amazing gifs throughout recent years. Here is a model - YouTuber AleLaChula got the full assortment of Too Confronted items for nothing. The gift was so great the influencer made an unpacking video, which acquired 45 thousand perspectives. Brand diplomat programs Certain individuals love explicit brands such a lot that they are prepared to advance them in any event, for nothing. Influencers are no special case, so organizations offer them brand envoy programs. This strategy works since assessment pioneers suggest their number one brands generously. Athletic apparel brand, Lululemon, works with a broad organization of ministers and highlights them on its web-based entertainment accounts. In the model beneath, you can see a video by Charlie Dull on the organization's Instagram profile. Charlie discusses the highs and lows of 2020 and shows his companions wearing Lululemon clothing. We've investigated five normal sorts of influencer marketing. There are a lot greater amount of them, as influencers and brands joined have boundless inventiveness. In any case, setting up influencer marketing for your organization reduces to a straightforward calculation. You'll become familiar with it further. Influencer Marketing Methodology Characterize your ideal interest group Put forth objectives and KPIs Track down the right channel Decide your mission financial plan Pick the right influencers Set up the mission
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Logistik Express Cargo merupakan jasa pengiriman barang dan cargo dengan tujuan Boyolali dan juga ke seluruh wilayah Indonesia. Kami menyediakan ongkir ke Boyolali yang terjangkau dengan proses yang mudah serta pengiriman yang aman sampai alamat tujuan. Didukung oleh tenaga operasional dan customer service yang berpengalaman pada bidangnya sehingga Logistik Express siap untuk membantu pengiriman barang anda. Ketentuan Logistik Express Ekspedisi Boyolali Tarif berlaku untuk pengiriman dari kota ke kota, yakni tujuan ke Boyolali, Tarif dapat berubah sewaktu-waktu tanpa pemberitahuan terlebih dahulu. Informasi tarif terbaru bisa langsung menghubungi CS Logistik Express, Biaya asuransi dan packing belum termasuk ke dalam tarif di atas, Barang ringan namun besar, maka akan dihitung berat volume. MACAM MACAM ARMADA PENGIRIMAN 1. Via Udara Jasa Pengiriman via udara banyak dipilih oleh para pengirim barang maupun penyedia jasa ekspedisi karena leadtime pengirimannya yang cepat dan efisien. Namun pengiriman via udara ini juga memiliki ongkir yang lebih mahal daripada pengiriman dengan armada via darat dan via laut. 2. Via Laut Cargo via laut ini kerap menjadi pilihan armada pengiriman barang karena jangkauannya yang luas. Armada cargo via laut ini dapat menjangkau pengiriman antar provinsi dan juga antar pulau. Jika anda menginginkan pengiriman yang aman namun tetap dengan ongkir terjangkau maka cargo via laut ini menjadi pilihan yang tepat untuk anda. 3. Via Darat Cargo via darat dengan armada kereta maupun truk cargo juga banyak dipilih oleh masyarakat yang ingin mengirimkan barang. selain ongkir yang terjangkau, cargo darat ini memudahkan para pengirim untuk melacak posisi barangnya. *CARA MENGHITUNG BERAT VOLUME KIRIMAN DARAT, LAUT, UDARA* Umumnya pengiriman barang pindahan menggunakan hitungan berat Volume. Menghitung berat volume kiriman via darat, laut, dan Udara cukup mudah. Adapun rumus hitungnya sebagai berikut : 1. Rumus Via darat dan laut ( p x l x t : 4000 ) 2. Rumus Via Udara ( p x l x t : 6000) Hasil penghitungan tersebut selanjutnya dapat dikalikan dengan tarif pengiriman setiap wilayah. Keuntungan menggunakan jasa cargo murah ke Boyolali antara lain: Efisien waktu dengan jasa pengiriman Estimasi barang sampai cepat Jangkauan luas Memudahkan pengiriman dalam jumlah besar PEMESANAN LAYANAN CARGO BANDUNG Hubungi Kami Untuk Konsultasi Dan Juga Layanan Kiriman Cargo Customer Service Yuni : 0816 2670 79 Email : logistikexpress.id@gmail.com Ekspedisi Jakarta bitung Ekspedisi Jakarta blang kejeren Ekspedisi Jakarta blang pidie Ekspedisi Jakarta blitar Ekspedisi Jakarta blora Ekspedisi Jakarta bobong Ekspedisi Jakarta bojonegoro Ekspedisi Jakarta bombana Ekspedisi Jakarta bondowoso Ekspedisi Jakarta bone Ekspedisi Jakarta bontang Ekspedisi Jakarta boroko Ekspedisi Jakarta borong Ekspedisi Jakarta boyolali