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

Osum to purchase Orion project from Shell for $325 million (Can.)

Jun 11, 2014

Osum Oil Sands Corp., Calgary, plans to purchase the Orion oil sands project in Alberta from Shell Canada for $325 million (Can.).

CAPP eases outlook for Canadian oil output

Jun 10, 2014

Oil production in Canada will increase at an average rate of 175,000 b/d/year through 2030—but not to as high a level as was forecast a year ago, reports the Canadian Association of Petroleum Producers.

Lukoil, Total form JV for tight-oil pilot in Western Siberia

May 23, 2014

Russia’s OAO Lukoil and France’s Total SA have formed a joint venture for a pilot project for exploration and development of tight-oil reserves in the Bazhenov play in Western Siberia.

Keyera takes stake in Enbridge Athabasca diluent line

May 20, 2014

Keyera Corp. has agreed with Enbridge Pipelines (Athabasca) Inc. to participate in the Norlite Pipeline as a 30% nonoperating owner. The Norlite Pipeline will move diluent for producers from the Edmonton-Fort Saskatchewan area into the Athabasca oil sands region.

Mayer Brown: Brazil reexamines its presalt policies

May 15, 2014

Brazil’s government is considering proposals to open operatorship of its presalt projects to companies other than state-run Petroleo Brasileiro SA (Petrobras), and this change might be made, Mayer Brown partner Alexandre R. Chequer told the law’s firm’s annual energy conference in Houston on May 15.

Sen. Hoeven submits updated Keystone XL approval bill

May 1, 2014

US Sen. John Hoeven (R-ND) submitted a fresh bill that would bypass the White House and congressionally approve the proposed Keystone XL crude oil pipeline’s cross-border permit.

Statoil drills, cases Southern Georgina basin exploration well

Apr 28, 2014

Statoil Australia Theta BV has successfully drilled and cased the OzAlpha-1 well in exploration permit 104 in the Southern Georgina basin of Australia’s Northern Territory.

ConocoPhillips raises estimates on Eagle Ford recoverable resources, production

Apr 11, 2014

ConocoPhillips has increased its estimated resource base in the Eagle Ford play to 2.5 billion bbl of oil in place from 1.8 billion bbl, as well as its estimated production from current volumes to more than 250,000 boe/d by 2017.

Chevron, YPF to continue Vaca Muerta development

Apr 10, 2014

Chevron Corp. and YPF SA, Buenos Aires, will continue development of Argentina’s Vaca Muerta shale formation. Chevron says it will build off the progress of its 2013 drilling program with YPF, investing in large-scale drilling and production in the 96,000-acre Loma Campana concession.

CNPC, Shell strengthen global cooperation

Apr 10, 2014

China National Petroleum Corp. (CNPC) and Royal Dutch Shell PLC have reached an agreement to deepen their strategic partnership by increasing cooperation in the development of both companies’ global projects.

PGNiG, Chevron reach Poland shale gas exploration agreement

Apr 1, 2014

Polish state-owned PGNiG has entered into a collaboration agreement with Chevron Polska Energy Resources for the first stage of shale gas exploration in four licenses in southeastern Poland.

EIA: Tight oil production pushes US supply to more than 10% of world’s total

Mar 26, 2014

US tight oil production averaged 3.22 million b/d in the fourth quarter of 2013, pushing overall US crude oil production to more than 10% of the world’s total production, up from 9% in fourth-quarter 2012, according to the US Energy Information Administration.

Sinopec reveals Fuling field production capacity goals

Mar 25, 2014

Sinopec plans to develop Fuling shale gas field in southwestern China to a production capacity of 10 billion cu m (bcm)/year by 2017, the company said.

Warrego Energy signs farmout for tight gas field

Feb 28, 2014

Warrego Energy Ltd., Perth, has signed a $40 million (Aus.) farmout agreement with Dutch exploration and production specialists Dyas BV and Mazarine Energy BV to bring technical expertise to development of the West Erregulla tight gas field in the onshore North Perth basin in Western Australia.

Gas to play key role in curbing China’s pollution, official says

Feb 26, 2014

China plans to develop more domestic natural gas supplies, including some from unconventional sources, and increase its gas imports to reduce its reliance on coal and address its air pollution problems, the energy division leader in the country’s Institute of World Economics and Policy said.

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