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

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).

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.

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