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

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.

IHS: Canada’s oil sands an economic boon for jobs

Feb 11, 2014

Oil sands production is responsible for significantly boosting Canada’s jobs, economic growth, and government revenue, according to IHS CERA Oil Sands Dialogue study, “Oil Sands Economic Benefits: Today and in the Future.”

Apache plans further development for active Egyptian program

Jan 30, 2014

Apache Corp. has applied for licenses to develop two recent discoveries in the Western Desert of Egypt, where drilling now includes horizontal wells targeting conventional and unconventional resources.

Suncor reports oil sands employee fatality

Jan 23, 2014

Suncor Energy Inc. reported a fatality occurred Jan. 19 at its oil sands site after an employee was unable to be located earlier in the day.

Total enters UK shale gas arena through recent purchase

Jan 13, 2014

Total SA has entered into the UK shale gas arena through the purchased of 40% interest in two shale gas exploration licenses in the UK, paying $1.6 million in back costs and the funding of a fully carried work program of up to $46.5 million.

Rosneft, ExxonMobil form JV for tight oil pilot in Western Siberia

Dec 17, 2013

OAO Rosneft and ExxonMobil Corp. have formed a joint venture for a pilot project for development of tight oil reserves in Western Siberia.

Progress completes acquisition of Montney acreage

Dec 17, 2013

Progress Energy Canada Ltd., a wholly owned subsidiary of Malaysian national oil and gas company Petronas, has acquired acreage in northeast British Columbia’s Montney basin from Talisman Energy Inc. for $1.5 billion (Can.).

Rosneft, Statoil move forward with shale cooperation in Samara

Dec 9, 2013

OAO Rosneft and Statoil ASA are pushing ahead with plans to assess commercial feasibility of production from the Domanik shale formation in the Samara region.

EU shale gas production could add 1 million jobs, study says

Nov 25, 2013

The development of shale gas in Europe could add as many as 1 million jobs to the economy, make industry more competitive, and decrease the region’s dependence on energy imports, according to a recently released study commissioned by the International Association of Oil & Gas Producers (OGP).

WoodMac examines rising water risks for oil, gas industry

Nov 13, 2013

The oil and gas industry increasingly will mitigate water-related business risks using technology and transparency in future years when world water supplies are forecast to become scarce, said a report from Wood Mackenzie Ltd. which used data and analysis from the World Resources Institute (WRI).

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