More Unconventional Resources News
More operators eye Maverick shale gas, tar sand potential
Aug 13, 2007
Gas potential in the overpressured Cretaceous Pearsall shale has drawn two of the world’s largest oil and gas companies to South Texas and the Maverick basin, a province almost exclusively tended by smaller independents for the past few decades.
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OGJ Newsletter
Aug 6, 2007
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Marathon to buy Western Oil Sands, gain Athabasca stake
Aug 6, 2007
Marathon Oil Corp., which is increasing capacities of its US refineries to handle heavy feedstocks, has agreed to buy Western Oil Sands Inc. for $6.5 billion (Can.) in a cash-and-stock deal that gives it a strong position in the Athabasca oil sands of northern Alberta.
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Talisman selling noncore assets
Aug 2, 2007
Talisman Energy Inc., Calgary, agreed to sell 16,000 boe/d of noncore North American assets to multiple, unidentified buyers for a total of $815 million.
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Marathon to buy Western Oil Sands, gain Athabasca stake
Aug 1, 2007
Marathon Oil Corp., which is increasing capacities of its US refineries to handle heavy feedstocks, has agreed to buy Western Oil Sands Inc. for $6.5 billion (Can.) in a cash-and-stock deal that gives it a strong position in the Athabasca oil sands of northern Alberta.
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Oil pipeline capacity constraints due, says NEB
Aug 1, 2007
Canadian crude oil pipelines could be facing a transportation bottleneck this fall, according to a report released by Canada's National Energy Board (NEB) July 30. NEB regulates nearly 45,000 km of pipelines in Canada.
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Shell sees output near 'low end' of '07 target
Jul 27, 2007
Royal Dutch Shell PLC expects production to average "near the low end" of its target of 3.3-3.5 million boe/d during 2007 because of problems in Nigeria and the reduction of its majority stake in the Sakhalin 2 project in Russia (OGJ, July 16, 2007, p. 18).
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Total increases gas acreage portfolio in Nigeria
Jul 26, 2007
Total unit Elf Petroleum Nigeria will boost its onshore and offshore gas production in Nigeria after acquiring a 40% stake in Oil Mining Lease 136 from Nigeria's Conoil Producing.
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Williams to extract ethane from Alberta oil sands
Jul 25, 2007
Nova Chemicals Corp., Pittsburgh, has signed a letter of intent with Williams Cos., Tulsa, to evaluate a process for extracting ethane from Alberta oil sands off-gas streams.
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SPECIAL REPORT: Upstream production capacities to advance in many countries
Jul 23, 2007
Many oil and gas projects are set to come on stream in the next few years and help meet expected increases in the world’s energy demands.
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WATCHING THE WORLD: Investing in oil sands
Jul 23, 2007
Depending on how you look at it, an investment in Canada’s oil sands could bring you untold wealth or-depending on certain environmentalists-not.
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OPEC: Uncertainty fogs world oil outlook
Jul 23, 2007
Producers’ current investment decisions may be clouded by such questions as the extent to which nonconventional fuels may be produced and used in the future and the effects those fuels may have on oil demand, said the Organization of Petroleum Exporting Countries in the group’s 2007 World Oil Outlook.
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COMPANY NEWS: Basell to buy Lyondell Chemical in $19 billion deal
Jul 23, 2007
Polyolefins manufacturer Basell Service Co. BV plans to buy Lyondell Chemical Co. of Houston for about $12 billion, plus the assumption of Lyondell’s $7 billion debt.
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Mulva: 'Act with courage and forethought' on energy
Jul 19, 2007
US energy policies should diversify sources, lower carbon intensity, improve energy efficiency, and encourage investments in new technologies, recommended ConocoPhillips Chief Executive James J. Mulva in a July 19 luncheon address at the US Chamber of Commerce.
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NPC report: All energy options should be pursued
Jul 18, 2007
Every option will need to be pursued if the world expects to meet its growing energy demand through 2030, the National Petroleum Council concluded in a recent study.
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