Other Unconventional Oil

Other Unconventional Description ImageIn addition to the well-known gas shale plays like the Barnett, Haynesville, Marcellus, and Eagle Ford, and oil plays like the Bakken, there are perhaps dozens of smaller, less well-known resource plays, many of which are in the very early stages of exploration and development. Some of the plays are shale and others are tight gas or coalbed methane. Many are in the United States and Canada, but increasingly exploration and production companies are using modern drilling and production technology to develop natural gas and oil from unconventional subsurface formations in Europe and Asia. Doubtless, unconventional resources eventually will be exploited in Africa, South America, and Australia as well. What we call “unconventional” today will be considered “conventional” in time.

Other Unconventional Oil News

WorleyParsons: LNG has lower GHG-emission benefit

Apr 21, 2011

An independent report produced by WorleyParsons Ltd. and released at the Australian Petroleum Production & Exploration Association (APPEA) conference in Perth noted the benefits of LNG in reducing greenhouse gas (GHG) emissions.

FGE: 2010 US LNG imports, future buck regional trends

Apr 20, 2011

Saying 2010 was an “indifferent year” for US LNG imports, FACTS Global Energy, Singapore, also said in a review of the US market that rising unconventional gas output has helped contain US LNG demand while higher natural gas production has helped depress US gas prices.

Gastech: Shell sees critical roles for natural gas, LNG

Mar 22, 2011

Natural gas, and LNG especially, will play critical roles in meeting global energy demand to 2050 during which time the world must reduce greenhouse-gas emissions by half, according to Malcolm Brinded, executive director for upstream international, Royal Dutch Shell PLC.

Firm sees muted gas hike from nuclear woes

Mar 18, 2011

Global lifts to power-generation investment over 2011-15 resulting from the nuclear crisis in Japan will amount to about $100 billion each for coal-fired boilers and gas turbines, says McIlvaine Co., Northfield, Ill.

CERAWeek: Unconventional gas lifts US petrochemicals

Mar 9, 2011

Rapid growth in gas supply from shales and other unconventional reservoirs inverts expectations for North American petrochemicals and underscores the importance of feedstock flexibility in an integrated business strategy, says the leader a major US petrochemical manufacturer.

Appert: Oil prices may average $80-95/bbl this year

Feb 17, 2011

Oil prices should hover around $80-95/bbl this year, supported by expected economic growth in emerging countries, said IFP Energies nouvelles Pres. Olivier Appert last week at the annual Panorama conference in Paris.

PetroChina buys into Encana's BC, Alberta holdings

Feb 11, 2011

PetroChina has agreed to pay $5.4 billion (Can.) for a 50% stake in Encana Corp.’s Cutbank Ridge business assets in British Columbia and Alberta.

ExxonMobil sees growing role of natural gas by 2030

Jan 27, 2011

Global energy demand will increase by about 35% in 2030 from 2005 levels as natural gas becomes the world’s second-largest energy source behind oil, ExxonMobil Corp. said as it released its latest yearly energy outlook.

Schlumberger: Deepwater, non-US E&P to drive 2011 earnings

Jan 24, 2011

Schlumberger Ltd.’s top executive expects robust world oil and gas activity, especially deepwater exploration and development outside the US, will drive strong 2011 earnings for his company and for oil service providers in general.

OGJ Newsletter

Dec 27, 2010

Colombia lets contract for unconventional resources

Dec 20, 2010 Colombia's National Planning Department let a contract to Petroleum Development Consultants (PDC), London, to develop the model contract and technical regulations for the development of the country's unconventional resources.

Report: Imports, unconventional gas to meet surging Chinese gas demand

Dec 13, 2010 In a prewinter analysis of Chinese natural gas demand for the 2010-11 heating season, Poten & Partners, New York, reports that the country's National Development and Reform Commission had demanded a 20% increase in gas supplies to avoid a recurrence of last winter's shortages.

Shale gas supply expected to keep US prices low in 2011

Dec 13, 2010 While another year of price distress awaits US producers of natural gas from shale reservoirs, technology has lowered breakeven thresholds of important plays, speakers said at an industry conference in Houston.

ExxonMobil optimistic about long-term US gas production

Nov 29, 2010 ExxonMobil Corp. believes unconventional sources of natural gas could represent 70% of US gas supplies by 2030, Steve Kirchhoff, ExxonMobil's Americas vice-president for natural gas, told a recent Deloitte LLP oil and gas conference in Houston.

Piecing together the puzzle

Nov 29, 2010 As Oil & Gas Journal editors begin to assemble OGJ's annual Forecast & Review, due to be published Jan. 3, 2011, there are many economic and market forces to consider.
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