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Oil shale is a type of sedimentary rock that contains significant amounts of organic material, known as kerogen, which can be converted into oil and gas. It is found in many parts of the world, including the United States, Russia, China, and Brazil. Oil shale is an important source of energy for oil and gas exploration and production. It is typically extracted through surface mining or in-situ methods, such as hydraulic fracturing.
Oil shale is a cost-effective alternative to traditional oil and gas sources, and its production is expected to increase in the coming years. It is also a cleaner source of energy than other fossil fuels, as it produces fewer emissions. Additionally, oil shale can be used to produce a variety of products, such as fuel, lubricants, and chemicals.
Some of the major companies in the oil shale market include Royal Dutch Shell, Chevron Corporation, ExxonMobil, Total SA, and ConocoPhillips. These companies are involved in the exploration, production, and refining of oil shale. Show Less Read more