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

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).

Business seen driving Europe’s use of Russian gas

Nov 8, 2013

Europe’s growing dependence on Russian natural gas since the 1990s was more a series of business decisions than geopolitical maneuvers, a Harvard Business School international management professor said.

Ukraine, Chevron sign shale gas agreement

Nov 7, 2013

Ukraine has signed a production-sharing agreement with Chevron Corp. and the country’s state-owned Nadra Oleska for shale gas production at Oleske field in western Ukraine, Worldwide News Ukraine reported.

Montney marketables put at 449 tcf, 15.5 billion bbl

Nov 6, 2013

The Montney formation in British Columbia and Alberta is one of the world’s largest hydrocarbon resources that could meet Canada’s natural gas needs for 145 years at present consumption rates, the National Energy Board said Nov. 6.

Apache farms into onshore Canning basin

Nov 4, 2013

Apache Energy has signed a binding agreement with Buru Energy Ltd. and Mitsubishi for Apache to farm into the latter two companies’ onshore Canning basin acreage in northwest Western Australia.

Fort Hills partners okay oil sands project

Oct 31, 2013

Partners in the Fort Hills oil sands mine have approved development leading to production of as much as 180,000 b/d of bitumen.

Chevron finishes initial exploration in Alberta Duvernay shale play

Oct 25, 2013

Chevron Corp. reported the successful conclusion of the initial 12-well exploration drilling program by its subsidiary, Chevron Canada Ltd., in the Kaybob area of the liquids-rich portion of the Duvernay shale play in west-central Alberta.

Suncor resumes Canadian oil sands operations

Oct 22, 2013

Suncor Energy Inc. has resumed normal operations at its oil sands and in situ facilities after slowing them on Oct. 17 following a third-party supplier disruption of natural gas affecting the Wood Buffalo region of northeast Alberta, the company reported late on Oct. 18.

Sunshine, Renergy finalize Muskwa-Godin oil sands pact

Oct 22, 2013

Sunshine Oilsands Ltd., Calgary, has signed the previously announced joint operating agreement with Renergy Petroleum (Canada) Co. Ltd., an affiliate of Changjiang Investment Group Co. Ltd. of Hong Kong, with respect to Sunshine’s Muskwa and Godin area leases in Alberta’s Athabasca oil sands area.

Canadian Natural Resources advances Horizon Oil Sands project

Oct 18, 2013

Canadian Natural Resources Ltd. said it completed several milestones at its Horizon Oil Sands project in northern Alberta in the third quarter, en route to production of 250,000 b/d of synthetic crude oil by 2017.

Contact hails Kakwa Montney tight gas-liquids well results

Oct 16, 2013

Contact Exploration Inc., Calgary, said completion of its fourth operated horizontal Middle Montney formation tight gas-liquids well extends the scope and magnitude of the company’s East Kakwa project in Alberta.

Athabasca Oil names Broen chief operating officer

Oct 14, 2013

Athabasca Oil Corp., Calgary, has named Rob Broen to the newly created position of chief operating officer in charge of light oil and thermal oil operations and all technical functions.

Gazprom Neft unit performs multiple frac operations in Orenburg field

Oct 4, 2013

Gazprom Neft says its subsidiary has performed multiple hydraulic fracturing operations for the first time in horizontal wells drilled into carbonate reservoirs in the eastern area of Orenburg oil and gas-condensate field.

IHS: World’s tight oil resources hold large potential

Sep 18, 2013

The world has large potential technical recoverable resources of tight oil possibly several times those of North America, according to a recent geological study by global analytics firm IHS.

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