The North American shale gas and tight oil revolution will reshape global markets, changing economic expectations and rebalancing trade flows, BP PLC said in its BP Energy Outlook 2030.

Vast shale plays worldwide are going to be explored and developed although it’s going to take more than a decade before another country outside the US or Canada can duplicate the current US shale boom, speakers told the Deloitte Oil & Gas Conference on Nov. 13 in Houston.

Shell and China National Petroleum Corp. have amended the production sharing contract that covers the 1,693 sq km Changbei tight gas block in China’s Ordos basin to cover an extended development phase.

FX Energy Inc., Salt Lake City, said its gas production in Poland has averaged 13.5 MMscfd so far in 2012, up from the 2011 average of 12 MMscfd.

A group led by Wintershall has started production from K18-Golf field, the company’s first tight gas field in the Netherlands North Sea.

Poland’s Ministry of Environment has extended by 3 years the license on Block 208 at Poznan East in Poland for a geological work program of 150 line-km of 2D seismic, said Aurelian Oil & Gas PLC.

Higher crude oil prices, breakthroughs in technology, and more access to prospective acreage are creating a US oil production revival that is a major break from nearly 40 years of declining production, two experts told the US Senate Energy and Natural Resources Committee on Jan. 31.

The Canadian Association of Petroleum Producers on Jan. 30 announced a set of hydraulic fracturing operating practices that it has adopted to improve water management and water and fluids reporting for shale gas and tight gas development across Canada.

Dejour Energy (USA) Corp., Denver, said estimated ultimate recovery at its Kokopelli gas development project in the Piceance basin is expected to be 1.125 bcf/well of wet gas generating a sales stream of .98 bcf of dry gas plus 90,000 bbl of natural gas liquids and condensate.

Trinidad and Tobago’s petrochemical producers have been assured that the present natural gas shortage will be solved by February 2012. The assurance comes from Kevin Ramnarine, the Caribbean twin-island nation’s energy minister, who said the problem has nothing to do with a reserves shortage.

Yoho Resources Corp. and Progress Energy Resources Corp., both of Calgary, have gauged gas-condensate in Devonian Upper Montney tight sands at horizontal wells at Nig northwest of Dawson Creek, British Columbia.

Ascent Resources PLC will place on production a gas-condensate well at its Petisovci Miocene redevelopment project in Slovenia.

Aurelian Oil & Gas PLC has discovered a preliminary 10-20 bcf of gas in place in Permian Rotliegendes sandstones at the Krzesinki-1 exploratory well on Poznan East Block 207 in Poland.