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  • Unconventional Oil & Gas

    Shale plays first come to mind when one considers unconventional resources. These unconventional resource plays may yield natural gas, gas condensates, and crude oil. Some of the more noteworthy shale plays in North America include the Bakken, Eagle Ford, Marcellus, Fayetteville, Woodford, Niobrara, Haynesville, Horn River, and Utica formations. Tight gas, coalbed methane, oil sands, and heavy oil are non-shale unconventional resources.

    SECTIONS

    Eagle Ford | Marcellus | Cline | Permian | Utica | Bakken | Woodbine & Eaglebine

    International Unconventional

    International Unconventional Description ImageThere has been substantial recent interest in shale gas potential in Eastern Europe. ExxonMobil has been working to identify shale gas resources in Germany and other large end-user markets. E&P companies have selected about a dozen basins in Europe for initial exploration, including the Cambrian Alum in southern Sweden, the Vienna Basin in Austria, multiple locations in Poland (especially the promising Gdansk Basin), the Weald Basin in England, the East Paris Basin in France (as well as two other locations in France), the Lower Saxony Basin in Germany and the very large Mako Trough in Hungary. China is another important area for shale gas, as is India. Chinese and American geologists have said that China’s shale gas potential is massive and could easily rival the largest basins in the US.

    International Unconventional News

    China gas study: Strong demand growth will persist but exporters should secure contracts before unconventional gas constrains new LNG imports

    Jul 26, 2010

    Wood Mackenzie’s new study looking at the fundamentals of the China gas industry titled ‘Race for Supply – the Future of China’s Gas Market’ finds that unconventional gas, particularly shale, will increase significantly to help meet China’s strong gas demand growth.

    Sino Oil and Gas concludes agreement for CBM project in Shanxi, Shaanxi

    Jul 21, 2010

    Sino Oil and Gas Holdings Ltd. (formerly Genesis Energy Holdings Ltd.) has entered an acquisition agreement with an independent third party for the acquisition of the entire issued share capital of coalbed methane company Orion Energy International Inc. for roughly US$301 million.

    Petromanas' CEO resigns

    Jul 16, 2010

    Erik Herlyn has resigned as president and CEO of Petromanas Energy Inc. Verne Johnson, chairman of the board, will be the interim CEO until a new CEO is appointed.

    Genesis Energy Holdings looks to acquire Shanxi CBM company

    Jun 30, 2010

    Oil and gas company Genesis Energy Holdings Ltd. has signed a an acquisition agreement with an independent third party for coalbed methane (CBM) company Orion Energy International Inc.

    Report: Chinese NOCs committed US$25B to acquisitions over last 12 months

    Jun 17, 2010

    Wood Mackenzie’s review of upstream corporate activities by China’s National Oil Companies (NOCs) indicates that intense activity over the last 12 months will result in net overseas production reaching a new record level of 1 million barrels of oil equivalent per day (boe/d) in 2010 from CNPC/PetroChina, Sinopec Group and CNOOC Ltd. combined.

    Far East Energy Negotiates Shouyang CBM sales

    Jun 16, 2010

    Far East Energy Corp. has negotiated an agreement with its partner, China United Coal Bed Methane and Shanxi Provincial Guoxin to sell all production of coalbed methane (CBM) from the contract area covered by the Shouyang Production Sharing Contract. Far East will gfet 1.55 Rmb per cubic meter of gas, including new Chinese government subsidies, which equates to roughly $6.55 per Mcf.

    Ivanhoe Energy targets tight gas with drilling at Zitong-1 in China

    Jun 15, 2010

    Ivanhoe Energy Inc. announced that Sunwing Energy Ltd., the company's wholly-owned subsidiary, has commenced drilling at Zitong-1 located in Sichuan Province, China's most prolific gas producing region.

    Baker Hughes awarded horizontal well completion contract for China gas field

    Jun 8, 2010

    PetroChina recently awarded oilfield services company Baker Hughes a contract to supply 77 multistage openhole fracture completion systems for horizontal wells in the tight gas sands of the Changquing Field, China’s second largest onshore oil and gas field.

    Shell buys US shale gas company East Resources for $4.7B

    May 28, 2010

    Royal Dutch Shell PLC plans to buy East Resources Inc., a major owner of Marcellus shale gas holdings, for $4.7 billion from Kohlberg Kravis & Co., Jefferies & Co., and East Resources itself.

    Unconventional LNG to play limited role in future of LNG industry

    Apr 21, 2010

    In a video presentation to delegates at LNG16 in Oran on April 20, Frank Harris – Head of LNG Consulting for Wood Mackenzie – reflected on the heightened interest in unconventional LNG supply projects, concluding that these projects will play a limited role in the future of the LNG industry – accounting for no more than 5% of total global LNG supply in 2020.

    Shell, CNPC team up to produce natural gas in China

    Mar 23, 2010

    For the second time in a week, China National Petroleum Corp. (CNPC) and Shell have joined forces in the name of unconventional gas. Most recently, state-owned CNPC and Shell have developed a plan to jointly develop and produce natural gas in China's Sichuan basin.

    International M&A deals start to take off

    Mar 1, 2010 One large international transaction dominated the M&A arena the past month: London-based Tullow Oil's estimated $1.35 billion acquisition of Heritage Oil & Gas's 50% interest in Blocks 1 and 3A in Uganda (East Africa).

    Saltiel named to lead Atwood Oceanics

    Dec 14, 2009

    Houston-based international drilling contractor Atwood Oceanics Inc. has named Robert J. "Rob" Saltiel president and CEO.

    National Oilwell Varco acquires two private service companies

    Dec 9, 2009

    National Oilwell Varco Inc. has acquired two private businesses serving the international oil and gas industry, for total consideration of nearly $160 million in cash.

    Garcia to lead Gran Tierra Colombia management team

    Nov 25, 2009

    Gran Tierra Energy Inc., a company focused on oil exploration and production in South America, has appointed Julian Garcia as president of Gran Tierra Energy, Colombia.

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