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Global oil and liquids supply capacity could increase as much as 25% by 2015, with unconventional sources such as gas-related liquids and extra-heavy oils accounting for a major proportion of net capacity growth, says the Cambridge
shale gas resources. But with conventional natural gas sources in decline, Canada's industry is turning to unconventional sources , including shale gas. While large-scale commercial production of shale gas in Canada has not yet started
point to negligence. Nevertheless, there is a potentially big environmental and litigation problem. Developing unconventional sources of hydrocarbons and tapping deep reserves demand innovation and (forgive us) cautious daring rather than incremental
point to negligence. Nevertheless, there is a potentially big environmental and litigation problem. Developing unconventional sources of hydrocarbons and tapping deep reserves demand innovation and (forgive us) cautious daring rather than incremental
production. (See Figure 5.) Looking further into the future, oil production will increasingly originate from unconventional sources as the easiest reservoirs to discover and exploit are depleted; a heightened reliance upon unconventional drilling
has experienced dramatic changes over the past two years. A surge of supply resulting from the development of unconventional sources and from substantial increases in the worldwide availability of liquefied natural gas has flooded the market
Corporates, in part due to Oil & Gas companies exiting conventional commitments to focus on and finance positions in unconventional sources of energy. “Asset sales heavily contributed to the resurgence in activity in the second quarter, which have largely
production comes from a variety of sources and includes coalbed methane, tight gas, and shale gas. Gas from these unconventional sources will reach 10 bcm (353 bcf) by 2015, said Jiang, who added that this was a “conservative” estimate
supplier-driven LNG market of 2008. Along with this, the major factor of increasing natural gas supplies from unconventional sources is expected to adversely affect the industry. These factors have significantly altered the supply situation
sustaining economies and cultures dependent on finite domestic resources, harvesting abundant but challenging unconventional sources – and doing so profitably and safely. The model applies to others in the industry, such as a NEWCO between