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

Husky reports start of production from Sunrise oil sands project

Mar 11, 2015

Husky Energy Inc., Calgary, reported the start of production at the first of two 30,000-b/d plants at the in situ Sunrise Oil Sands Project in northeastern Alberta.

API is examining dilbit’s environmental impacts when released

Mar 10, 2015

The American Petroleum Institute is studying the properties of diluted bitumen (dilbit) and expects to develop findings about how oil sands crude behaves when it is accidentally released, API Pipeline Director Peter Lidiak told a National Academies hearing on the same subject.

International shale skepticism

Mar 2, 2015

For nearly 2 decades, North America-the US and Canada-has seen an increase of natural gas and oil reserves through application of new technology in unconventional plays.

Grizzly files OSCA application with AER for Thickwood

Feb 25, 2015

Grizzly Oil Sands ULC, Calgary, has filed an Oil Sands Conservation Act application with Alberta Energy Regulator for the Thickwood project.

Encana trims additional $700 million from 2015 capital budget

Feb 25, 2015

Encana Corp. is reducing its previously reported capital investment for 2015 by $700 million to $2-2.2 billion “to maintain a solid balance sheet and help strengthen liquidity through a low price environment.”

IHS: Crude transported by Keystone XL would be consumed in US

Feb 24, 2015

Most, if not all, of the crude oil that would be transported via the proposed Keystone XL pipeline to the US Gulf Coast would not be exported, and the vast majority of refined product—about 70%—derived from it would be consumed in the US, according to a recent report by IHS.

AER sets new seismic monitoring rules for Duvernay in the Fox Creek area

Feb 23, 2015

The Alberta Energy Regulator (AER) announced seismic monitoring and reporting requirements for companies using hydraulic fracturing in the Duvernay zone of the Fox Creek area following some seismic events there in December 2014 and in January.

BHI: US rig count continues 11-week dive, loses 98 more units

Feb 13, 2015

The US drilling rig count plunged 98 units to settle at 1,358 rigs working during the week ended Feb. 13, Baker Hughes Inc. reported.

Apache’s 2015 capital budget less than half of last year’s $8.5 billion

Feb 12, 2015

Apache Corp., Houston, plans a capital budget of $3.6-4 billion in 2015, with $2.1-2.3 billion directed toward onshore North America and $1.5-1.7 billion for international and offshore.

TransCanada challenges EPA’s comments on Keystone XL SEIS

Feb 11, 2015

TransCanada Corp. responded to the Feb. 2 comment letter from the US Environmental Protection Agency on the US Department of State’s final supplemental environmental impact statement (SEIS) for the Keystone XL crude oil pipeline.

Oil-price collapse may aggravate producing nations’ other problems

Feb 5, 2015

The recent global crude-oil price plunge could be aggravating underlying problems in Mexico, Colombia, and other Western Hemisphere producing nations, speakers suggested during a Feb. 4 discussion at the Woodrow Wilson International Center for Scholars.

Alberta’s premier seeks more North American energy integration

Feb 5, 2015

Better policy integration and cooperation will be needed for Canada, Mexico, and the US to fully realize the North American energy renaissance’s potential, Alberta Premier Jim Prentice said. Unfortunately, trends are leading more toward fragmentation and confrontation, he warned.

Gazprom Neft starts shale oil production in western Siberian field

Feb 3, 2015

JSC Gazprom Neft reported start of shale oil production from the Bazhenov formation during tests of two wells in southern Priobskoye field in central western Siberia. Tests are planned for two other wells.

Syncrude sees additional $260-400 million in possible budget cuts

Feb 2, 2015

The estimate for capital expenditures has also been reduced to $451 million net to COS, which includes $104 million of remaining expenditures on major projects and incorporates $110 million in cost reductions.

BHI: Texas anchors 90-unit plunge in US rig count

Jan 30, 2015

The US drilling rig count plunged 90 units—a majority of which were in Texas—to settle at 1,543 rigs working during the week ended Jan. 30, Baker Hughes Inc. reported.

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