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

Nexen starts bitumen production at Kinosis 1A in Alberta

Dec 8, 2014

China National Offshore Oil Corp. Ltd. reported the start of bitumen production at the Kinosis 1A (K1A) steam-assisted gravity drainage (SAGD) facility in Alberta.

Suncor wraps maintenance on Alberta upgrader

Dec 1, 2014

Suncor Energy Inc. has completed 11 weeks of scheduled maintenance on one of two oil sands upgraders at its operations near Fort McMurray, Alta.

TransAtlantic completes Dadas interval in southeast Turkey

Nov 25, 2014

TransAtlantic Petroleum Ltd., Dallas, says it successfully completed the Dadas interval at a vertical depth of 9,650 ft in the Molla area of southeast Turkey.

Senate debates, then barely rejects, Keystone XL approval bill

Nov 19, 2014

The US Senate finally debated a bill authorizing construction of the proposed Keystone XL crude oil pipeline on Nov. 18 before rejecting the measure by a single vote. Republicans vowed to bring the measure back once they assume majority control in January.

Cenovus receives approvals for Telephone Lake oil sands project

Nov 18, 2014

Cenovus Energy Inc., Calgary, has received approval from the Alberta Energy Regulator (AER) and the province of Alberta for its wholly owned Telephone Lake thermal oil sands project, 90 km northeast of Fort McMurray in the company’s Borealis Region of northern Alberta.

Pembina to expand northeast British Columbia pipeline system

Nov 12, 2014

Pembina Pipeline Corp. has entered into binding agreements to proceed with a $210-million expansion to Pembina’s pipeline system in northeast British Columbia. The NEBC expansion will transport condensate and NGLs for producers in the liquids-rich Montney shale.

Imperial shuts down Kearl oil sands due to ‘vibration issue’

Nov 11, 2014

Imperial Oil Ltd., Calgary, reported a precautionary shutdown of its Kearl oil sands operations in Alberta due to a “vibration issue” with the plant’s ore-crusher unit.

Oil sands 2014-38 outlay to top $514 billion

Nov 10, 2014

Total investment in Canadian oil sands projects during 2014-38 will exceed $514 billion (2013 Can.), according to the Canadian Energy Research Institute (CERI).

Bear Head LNG applies for NEB export license

Nov 7, 2014

Bear Head LNG Corp., a wholly owned subsidiary of Liquefied Natural Gas Ltd. (LNGL), filed an application with Canada’s National Energy Board (NEB) to export as much as 12 million tonnes/year (tpy) of LNG. The application also seeks a license to import as much as 503 bcf/year of natural gas from the US.

Canadian firms' 3Q results highlight oil sands, heavy oil production rise

Nov 4, 2014

Third-quarter financial and operating results included updates on several oil sands projects in Alberta.

WoodMac: High WCS-WTI price spread seen lingering

Nov 3, 2014

Growing production of Canadian heavy crude oil and problems delivering the new supply to distant markets will keep the discount of Western Canadian Select crude high against the West Texas Intermediate price, according to Wood Mackenzie.

Mexico upstream bidding to start with shallow-water assets

Oct 20, 2014

Mexico plans to publish its technical bidding requirements in November, outlining logistics for the first upstream bid round, according to hydrocarbon officials visiting Houston to update the oil and gas industry on the country’s progress in opening up its assets to non-Mexican companies.

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.

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