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

Ember to acquire Clearwater assets for $605 Million (Can.)

Oct 8, 2014

Ember Resources Inc., Calgary, has agreed to acquire the majority of the Clearwater assets in southern and central Alberta belonging to Encana Corp. for $605 million (Can.).

Chevron Canada to sell 30% in Duvernay shale to Kufpec Canada for $1.5 billion

Oct 6, 2014

Chevron Corp. said its Chevron Canada Ltd. unit plans to sell a 30% interest in its Duvernay shale play to Kuwait Foreign Petroleum Exploration Co.’s Kufpec Canada Inc. unit for $1.5 billion. Chevron will retain 70% and remain operator.

MEG Energy files OSCA application with AER for Surmont oil sands project

Oct 3, 2014

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

US, UAE energy agreement to focus on five areas

Oct 3, 2014

A memorandum of understanding signed by the US and the United Arab Emirates will focus on five areas: energy policy formulation, energy efficiency, the energy-water nexus, carbon capture and storage, and unconventional oil and gas development.

BP Oman lets drilling contracts for Khazzan tight gas project

Oct 2, 2014

BP Oman has let two long-term drilling contracts totaling $730 million for the Khazzan gas project in the southern portion of Block 61.

Gazprom Neft enters new stage of shale oil exploration in W. Siberia

Oct 2, 2014

JSC Gazprom Neft reported reaching a new stage in its exploration of shale oil deposits in Western Siberia’s Krasnoleninsky field.

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

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