More Unconventional News

PGNiG, Chevron reach Poland shale gas exploration agreement

Apr 1, 2014

Polish state-owned PGNiG has entered into a collaboration agreement with Chevron Polska Energy Resources for the first stage of shale gas exploration in four licenses in southeastern Poland.

Magellan Midstream to build condensate splitter

Apr 1, 2014

Pipeline operator Magellan Midstream Partners LP, Tulsa, reported it will spend $250 million to build a 50,000 b/d capacity condensate splitter and other facilities at its Corpus Christi, Tex., terminal, which serves the Eagle Ford shale.

Moody’s: Marcellus shale gas producers to benefit most in US

Apr 1, 2014

Natural gas producers in the Marcellus shale will benefit more than producers elsewhere in the US because of many favorable circumstances, even if prices were to decline to 2012 levels, Moody’s said in a recent report.

ANR receives 2 bcfd of shipper commitments for SEML

Mar 31, 2014

TransCanada Corp.’s ANR Pipeline system has secured almost 2 bcfd of firm natural gas transportation commitments on its Southeast Main Line (SEML) for an average term of 23 years, with roughly 1.25 bcfd beginning this year and the balance next. The company said it is reviewing options for further expansion of SEML.

Baker Hughes: US drilling rig count rebounds to 1,809

Mar 28, 2014

The US drilling rig count gained back the 6 units it lost last week to reach 1,809 rigs working during the week ended Mar. 28, Baker Hughes Inc. reported.

Kentucky: Daybreak begins 2014 drilling campaign

Mar 28, 2014

Daybreak Oil & Gas Inc., Spokane, Wash., has drilled the first well in its 20-well development drilling program for the 2014-15 fiscal year at Twin Bottoms field in Lawrence County, Ky.

Ineos lets contract for Grangemouth ethane terminal

Mar 28, 2014

Ineos Europe AG, Switzerland, said it has reached the latest milestones in its $500 million survival plan to import US shale gas to its 210,000-b/d Grangemouth, Scotland, refinery and petrochemical complex.

BLM seeks comments on Noble’s proposed Nevada gas exploration

Mar 27, 2014

The US Bureau of Land Management is seeking comments on Noble Energy Inc.’s proposed natural gas exploration drilling on leases it holds in the Tabor Flats area west of Wells, Nev. It will accept comments through Apr. 27 on BLM’s environmental assessment and the Houston independent producer’s master surface use plan for the project, BLM’s Wells field office said.

EIA: Tight oil production pushes US supply to more than 10% of world’s total

Mar 26, 2014

US tight oil production averaged 3.22 million b/d in the fourth quarter of 2013, pushing overall US crude oil production to more than 10% of the world’s total production, up from 9% in fourth-quarter 2012, according to the US Energy Information Administration.

WoodMac: US tight-oil market ‘too robust to bust’

Mar 25, 2014

A drop in global oil price levels or a significant widening of the differential between global oil prices and inland realizations are just two of the ways the North American tight-oil boom could go bust, according to a recent analysis from Wood Mackenzie.

Sinopec reveals Fuling field production capacity goals

Mar 25, 2014

Sinopec plans to develop Fuling shale gas field in southwestern China to a production capacity of 10 billion cu m (bcm)/year by 2017, the company said.

IHS International: US poised to lead world exports of LPG

Mar 25, 2014

US shale gas development has the country poised to become a major global supplier of LPG, mainly to Asia, during 2015-20 with US exports outdistancing other global suppliers by the end of the forecast period.

Financial questions seen for US shale gas, tight-oil plays

Mar 25, 2014

Financial problems of operators in US shale gas and tight oil plays might hold production growth below current expectations, according to the author of a March comment published by the Oxford Institute for Energy Studies (OIES).

Baker Hughes: US drilling rig count drops to 1,803

Mar 21, 2014

After consecutive weeks of significant gains, the US drilling rig count lost 6 units to 1,803 rigs working during the week ended Mar. 21, Baker Hughes Inc. reported.

Second small diesel refinery planned for North Dakota

Mar 21, 2014

Quantum Energy Inc. (QEI), Tempe, Ariz., said it has secured land for the construction of a 20,000-b/d grassroots hydroskimming refinery in North Dakota’s Williston basin Bakken shale region.

Cenovus gets AER approval for Grand Rapids oil sands project

Mar 21, 2014

Cenovus Energy Inc. reported that it has received approval from the Alberta Energy Regulator (AER) for its wholly owned Grand Rapids thermal oil sands project 300 km north of Edmonton in the company’s Greater Pelican Region in northern Alberta.

Ivanhoe halts Tamarack oil sands project citing lack of regulatory ‘clarity’

Mar 18, 2014

Ivanhoe Energy Inc. has suspended activity on its Tamarack oil sands project pending approval for its thermal oil sands application from the government of Alberta.

Hiland looks to expand Bakken crude pipeline

Mar 18, 2014

Hiland Crude LLC has launched an open season to solicit shipper interest for crude oil transportation on an expanded version of its Double H Pipeline, currently under construction in the Bakken shale. An initial open season in 2012 filled its 50,000 b/d base capacity.

Baker Hughes: US drilling rig count jumps to 1,809

Mar 14, 2014

The US drilling rig count increased 17 units to 1,809 rigs working during the week ended Mar. 14, Baker Hughes Inc. reported. The 40-unit rise over the past 2 weeks has enabled the US the eclipse the 1,800 mark for the first time since December 2012.

Progress expands BC assets in deals totaling $1.5 billion (Can.)

Mar 13, 2014

Progress Energy Canada Ltd., a subsidiary of Malaysia’s state-owned Petronas, has closed on its acquisition of assets in northeastern British Columbia from Talisman Energy Inc. In addition, Progress will purchase Montney lands in the Julienne area, also in the northeastern part of that province.

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