More Unconventional News

Shale gas exploration deal with Chevron pending, Ukraine official says

Jun 14, 2013

A tentative agreement has been reached between Ukraine officials and Chevron Corp. regarding exploration for shale natural gas in Oleska field in western Ukraine, Energy Minister Eduard Stavytsky told reporters in Kiev on June 13.

Centrica to buy stake in shale gas area from Cuadrilla

Jun 13, 2013

Centrica PLC bought a 25% interest in a license for the Bowland basin shale project in Lancashire, UK, from Cuadrilla Resources Ltd. and AJ Lucas for $62.6 million. Centrica owns British Gas.

BP: US oil production growth hit record-high in 2012

Jun 12, 2013

The US recorded the largest single-year increase in oil production in 2012, according to the BP Statistical Review of World Energy. The review, released June 12, was the company’s 62nd annual report.

Statoil to operate Georgina basin shale program

Jun 12, 2013

A unit of Statoil ASA and PetroFrontier Corp., Calgary, agreed to amend a mid-2012 farmout under which Statoil Australia Oil & Gas AS will become operator of an exploratory joint venture aimed at shale formations on 14 million acres in the southern Georgina basin in Australia’s Northern Territory.

US tight oil could reshape energy geopolitics, experts suggest

Jun 12, 2013

Substantial US tight oil resources could reshape global energy geopolitics, three experts suggested at a Bipartisan Policy Center conference on the subject. But the changes could be subtler and more gradual than some people think, they added.

Chevron, PDVSA sign Petroboscan finance deal

Jun 11, 2013

Chevron International and Petroleos de Venezuela SA have signed a $2 billion long-term credit line for their Petroboscan joint venture that PDVSA says aims at raising production at Boscan heavy oil field by 20,000 b/d.

Alberta Oil Sands inks Algar Lake farmout

Jun 6, 2013

Alberta Oil Sands Inc. (AOS), Calgary, has entered a farmout agreement with privately held Crescendo Resources Ltd. that will advance exploration of its Algar Lake oil sands prospect in Alberta.

Interior gives more time for comments on frac rule proposal

Jun 6, 2013

Oil and gas producers will have another 60 days to comment on the US Bureau of Land Management’s latest proposed regulations for hydraulic fracturing operations on onshore public lands, US Interior Secretary Sally Jewell announced.

CAPP expects Canadian oil production to double by 2030

Jun 5, 2013

With oil sands production climbing steadily and conventional production rebounding, Canadian oil production will more than double by 2030, predicts the Canadian Association of Petroleum Producers.

WPX Energy increases Piceance basin drilling

Jun 5, 2013

WPX Energy Inc. plans to add two drilling rigs in western Colorado’s Piceance basin for the rest of 2013, making a total of seven compared with earlier plans for a five-rig drilling plan.

Summit Midstream Partners to buy Marcellus gathering assets

Jun 5, 2013

Summit Midstream Partners LP agreed to buy certain gas gathering assets from MarkWest Energy Partners LP in Doddridge County, W.Va., for $210 million.

BlackPearl advances Onion Lake thermal EOR

Jun 4, 2013

BlackPearl Resources Inc., Calgary, will accelerate thermal enhanced oil recovery at a heavy oil property now producing conventionally in Saskatchewan to help finance a larger oil sands development in northern Alberta called Blackrod (OGJ Online, May 6, 2012).

Sinochem acquires Wolfcamp stake from PNR

Jun 3, 2013

Sinochem Group has closed its previously announced $1.7 billion purchase of Wolfcamp assets in Texas from Pioneer Natural Resources Co.

MarkWest unit to add third gas plant in Ohio

May 31, 2013

MarkWest Utica EMG LLC will build a third 200-MMcfd cryogenic gas plant at its Seneca processing complex in Noble County, Ohio. It will support rapidly growing drilling by Antero Resources, Gulfport Energy Corp., and other producers in the southern Utica shale, the company reported.

MGM gives up Mackenzie Delta conventional licenses

May 30, 2013

MGM Energy Corp., Calgary, said it has surrendered exploration licenses in Canada’s Mackenzie Delta region, where the company had been exploring for conventional gas for the proposed Mackenzie gas pipeline.

CERI: Oil sands costs up 6.3-13.2% in year

May 29, 2013

The estimated cost of producing bitumen in Canada has increased by 6.3-13.2% in the past year, depending on the production method, according to the Canadian Energy Research Institute.

TRC updates oil, gas well construction rules

May 28, 2013

The Texas Railroad Commission has amended well construction requirements rule to clarify oil and gas well construction requirements related to casing, cementing, drilling, well control, and completions.

Marathon Oil says no sale on share of Athabasca oil sands

May 28, 2013

Marathon Oil Corp. said negotiations to sell its 20% interest in the Athabasca oil sands project have ended without any agreement being reached.

UK: Celtique, Magellan eye Weald unconventionals

May 28, 2013

Celtique Energie of the UK and Magellan Petroleum Corp., Denver, plan to drill one or two exploratory wells in the Weald basin in southern England in late 2013 aimed at unconventional hydrocarbons.

Canada to EU: Don't penalize oil sands

May 27, 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.

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