There 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.
Large gain seen in Alberta oil production
May 13, 2013
Bitumen will claim an increased share of sharply higher oil production in Alberta over the next 10 years, according to the provincial Energy Resources Conservation Board. |
San Leon Energy to buy Talisman’s share of Poland shale gas JV
May 13, 2013
San Leon Energy PLC agreed to buy Talisman Energy Inc.’s share of a shale gas joint venture in Poland. Talisman is the second international major oil company to withdraw from Poland, following a decision last year by ExxonMobil Corp. to exit Poland after early results failed to produce commercial wells. |
Canada to EU: Don't penalize oil sands
May 9, 2013
Canada’s minister of natural resources has warned officials of the European Union against “discriminatory treatment” of fuels made from products of Canadian oil sands. |
New Zealand East Coast basin shale well spudded
Apr 22, 2013
TAG Oil Ltd., Vancouver, BC, has spudded an exploratory well that targets the Paleocene Waipawa black shale and Paleocene-Cretaceous Whangai source rock formations in New Zealand’s East Coast basin. |
Mongolia signs oil shale feasibility agreement
Apr 19, 2013
Genie Energy Ltd., Newark, NJ, said its Mongolian subsidiary signed an exclusive agreement to explore and evaluate the commercial potential of oil shale resources on 34,470 sq km in central Mongolia. |
Turkey: Valeura sees shale gas potential on Thrace block
Apr 8, 2013
Turkey’s General Directorate of Petroleum Affairs has awarded a 100% working interest in the Banarli License 5104 in the Thrace basin to Valeura Energy Inc., Calgary. |
Bankers eyes polymer, secondary work at Patos-Marinza
Apr 5, 2013
Bankers Petroleum Ltd., Calgary, has begun injectivity testing at the first pilot polymer flood location in Patos-Marinza field in Albania. |
Ecopetrol tests Meta Province heavy oil discovery
Apr 2, 2013
Colombia’s state Ecopetrol SA disclosed that its Venus-2 exploratory well in San Martin municipality of Meta Province had proved the presence of crude oil. |
IHS: Prospects have dimmed for bitumen upgraders in Alberta
Mar 28, 2013
Prospects for new bitumen upgraders in Alberta have soured since the global recession of 2008, notes a study published by IHS on the same day plans were reported cancelled for a large project near Fort McMurray (OGJ Online, Mar. 27, 2013). |
Suncor cancels Voyageur upgrader, buys Total's stake
Mar 27, 2013
Suncor Energy Inc., Calgary, has scrapped plans for the Voyageur upgrader project near Fort McMurray, Alta., and has acquired partner Total E&P Canada Ltd.’s interest for $515 million. |
May River oil sands development expected
Mar 27, 2013
Gulfport Energy Corp., Oklahoma City, expects delineation drilling in the May River area of northern Alberta by Grizzly Oil Sands ULC to lead to filing of applications for thermal recovery of bitumen. |
China approves shale gas PSC for Shell
Mar 26, 2013
The Chinese government approved a production-sharing contract for Royal Dutch Shell PLC and China National Petroleum Corp. (CNPC) to develop China’s shale gas reserves, Shell Chief Executive Peter Voser said in Beijing Mar. 26. |
UK government proposes tax incentives for shale gas E&P
Mar 21, 2013
The UK government continues working toward offering tax breaks to encourage shale gas exploration and production, and the proposed measures could make onshore shale exploration more attractive to oil and gas companies already operating offshore UK, a Deloitte spokesman said. |
China shale gas challenges match its potential, expert suggests
Mar 15, 2013
China faces significant geologic, development, transportation, and bureaucratic challenges if it expects to fully exploit its shale gas resources, even though they’re probably greater than those in the US, an IHS CERA expert said. |
Cuadrilla delays UK Bowland shale work for environmental impact assessment
Mar 14, 2013
Cuadrilla Resources Ltd. plans to delay plans to start hydraulic fracturing in a Bowland basin shale project in Lancashire, UK, until 2014 to give the company time to get an environmental impact assessment (EIA) for some exploration wells, Cuadrilla Chief Executive Francis Egan said. |