International Unconventional

International Unconventional Description ImageThere has been substantial recent interest in shale gas potential in Eastern Europe. ExxonMobil has been working to identify shale gas resources in Germany and other large end-user markets. E&P companies have selected about a dozen basins in Europe for initial exploration, including the Cambrian Alum in southern Sweden, the Vienna Basin in Austria, multiple locations in Poland (especially the promising Gdansk Basin), the Weald Basin in England, the East Paris Basin in France (as well as two other locations in France), the Lower Saxony Basin in Germany and the very large Mako Trough in Hungary. China is another important area for shale gas, as is India. Chinese and American geologists have said that China’s shale gas potential is massive and could easily rival the largest basins in the US.

International Unconventional News

Statoil, Shell awarded shale license in Algeria

Sep 30, 2014

Algeria’s energy ministry has awarded Statoil ASA and Royal Dutch Shell PLC the 2,730-sq-km Timissit permit license in the Illizi-Ghadames basin in the southeast part of the country. The award is part of Algeria’s Fourth International Bid Round launched in January.

Statoil postpones Corner development at KKD oil sands project in Alberta

Sep 26, 2014

Statoil ASA has decided to postpone for a minimum of 3 years the Corner development at the Kai Kos Dehseh (KKD) oil sands project in northern Alberta. A staff reduction of about 70 employees is expected.

Fort Hills lets $1.3 billion contract for oil sands project

Sep 24, 2014

The Fort Hills Energy LP consortium has let a $1.3 billion engineering, procurement, fabrication, and construction contract to Fluor Corp. for the utilities scope of the Fort Hills oil sands mining project, 90 km north of Fort McMurray, Alta., in the Athabasca region.

Investors watch with interest as Mexican energy reforms unfold

Sep 23, 2014

Mexico is implementing key aspects of its energy reform more quickly than some observers had expected. So far this year, the country has passed 21 new and amended laws relating to the sector and selected the oil and gas fields that will be placed on the block in the country’s first competitive upstream bid round, set for mid-2015.

Cenovus starts production from Phase F at Foster Creek oil sands project

Sep 19, 2014

Cenovus Energy Inc., Calgary, started oil production earlier this month at its recently completed Phase F expansion at its Foster Creek oil sands project in western Canada. Phase F is expected to add 30,000 b/d of capacity, with production ramping up over the next 12-18 months.

Andora Sawn Lake SAGD pilot begins bitumen production

Sep 18, 2014

Andora Energy Corp. has recompleted its pilot steam-assisted gravity drainage (SAGD) well in Sawn Lake, Alta., and expects a stable bitumen production rate and steam oil ratio over the next 2 months.

AAPG ICE: Seismic reprocessing enhances potential for Russia’s legacy basins

Sep 17, 2014

Russia’s Precaucus and Uralian Foreland basins are the oldest and most developed oil and gas producing regions in the country. As the “birthplace” of Russia’s oil industry, the Precaucus was first developed in the late 19th century. Production improved rapidly after 1920 and entered steep decline after 1970.

API official calls for end to nearly 6-year Keystone XL permit delay

Sep 16, 2014

Three days before the sixth anniversary of TransCanada Corp.’s original filing for presidential approval of the proposed Keystone XL crude oil pipeline’s cross-border permit application, an American Petroleum Institute official said the Obama administration is catering to a small minority at the expense of the US national interest and the wishes of the vast majority of ordinary Americans.

AAPG ICE: Turkey sees early shale oil development

Sep 15, 2014

Turkey is slightly larger than the state of Texas geographically, yet the country has only seen 4,400 wells drilled since 1940. While Texas’ oil history goes back much further, the state has seen more than 1.5 million wells drilled through 2013. “Turkey is largely unexplored,” said Lee Muncy, vice-president, geosciences at TransAtlantic Petroleum Ltd., during the AAPG International Conference and Exhibition

AAPG ICE: ExxonMobil outlines international approach to unconventional development

Sep 15, 2014

Global energy demand is expected to increase 35% to 2040, translating to 120 billion boe/year, or nearly 350 million boe/d, stated Rocky Becker, vice-president, Europe-Caspian-Russia at ExxonMobil Exploration Co.

Surmont files OSCA application with AER for Wildwood oil sands project

Sep 12, 2014

Surmont Energy Ltd., Calgary, has submitted an Oil Sands Conservation Act application with Alberta Energy Regulator for its Wildwood steam-assisted gravity drainage (SAGD) project.

Alon advances Bakersfield refinery, rail project

Sep 10, 2014

California state regulators have approved Alon USA Energy Inc. to move ahead with a plan designed to expand existing receiving and processing options for North American shale light crude oils at its 70,000-b/d Bakersfield refinery.

Nova Scotia prohibits hydraulic fracturing

Sep 4, 2014

The government of Nova Scotia has imposed an indefinite ban on hydraulic fracturing onshore.

Petronas, YPF sign $550 million development deal for Vaca Muerta

Aug 28, 2014

Malaysia’s state-run Petronas signed a $550 million agreement with YPF SA, Buenos Aires, on Aug. 28 in Kuala Lumpur detailing terms and conditions for the development of oil from the giant Vaca Muerta shale in Argentina’s Neuquen province.

TSB report outlines ‘multitude of factors’ behind Lac-Megantic train derailment

Aug 20, 2014

A multitude of factors led to July 6 derailment of a runaway train in Lac Megantic, Que., carrying 72 carloads of Bakken crude oil bound for Irving Oil Ltd.’s refinery in Saint John, NB, according to an investigation report released Aug. 19 by the Transportation Safety Board of Canada (TSB).

Stay Connected