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

Wintershall: Shale gas controversy blocking conventional production

Jan 20, 2015

Wintershall Holding GMBH says natural gas production in Germany fell by about 6% in the past year, and controversy over shale gas and hydraulic fracturing is blocking conventional gas production.

Syncrude files applications for Mildred Lake extensions

Jan 20, 2015

Syncrude Canada Ltd. has filed applications with Alberta Energy Regulator for two extensions to the Mildred Lake oil sands production area.

Athabasca Oil promotes Broen to president

Jan 8, 2015

Athabasca Oil Corp., Calgary, has promoted Rob Broen to president. Broen has been chief operating officer and retains that title. Tom Buchanan continues as chief executive officer and chairman.

BHI: US rig count drops 109 units in last month

Jan 5, 2015

Again led by losses in Texas and California, the US drilling rig count dropped 29 units to settle at 1,811 units working during the week ended Jan. 2, Baker Hughes Inc. reported.

Encana to focus spending on four core shale assets in 2015

Dec 16, 2014

Encana Corp., Calgary, reported plans to spend $2.7-2.9 billion on its capital budget with roughly 80% of this total directed towards four of what the company is calling its “highest margin growth plays,” namely the Montney and Duvernay shale areas in Canada and the Eagle Ford and Permian areas in the US. Encana expects to generate about 75% of its 2015 cash flow from oil and liquids production.

Cenovus trims budget, slows oil sands work

Dec 16, 2014

Cenovus Energy Inc., Calgary, is trimming its capital spending in response to declining crude oil prices and will slow development of some of its thermal oil sands projects in Alberta.

Pengrowth starts commercial steam operations at Lindbergh thermal project

Dec 16, 2014

Pengrowth Energy Corp., Calgary, reported the startup of commercial steam operations at Phase 1 of its Lindbergh thermal project in the Cold Lake area of eastern Alberta.

Repsol to acquire Talisman in $13 billion deal

Dec 16, 2014

Spain’s Repsol SA has agreed to acquire all shares of Talisman Energy Inc. of Calgary for $8.3 billion along with assumed debt of $4.7 billion. The deal has been approved and recommended by Talisman’s board, and the companies hope to complete it by midyear 2015.

Sunshine Oilsands appoints chief executive officer

Dec 15, 2014

Sunshine Oilsands Ltd., Calgary, has appointed Luo Hong as chief executive officer and Jiang Qi as president and chief operating officer.

Husky reports start of steam operations at Sunrise oil sands project

Dec 12, 2014

Husky Energy, Calgary, reported the start of steam operations at the in situ Sunrise Oil Sands Project in northeastern Alberta.

Independent assessment hikes Husky heavy oil resources

Dec 12, 2014

Husky Energy Inc., Calgary, says an independent assessment increases its heavy oil resources in the Lloydminster region of Alberta and Saskatchewan.

Kearl resumes oil sands production, Imperial reports

Dec 9, 2014

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

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.

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