•  
  •  
  •  
  •  
  •  
  • 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

    Denmark to join shale gas quest in Europe

    Jun 30, 2014

    The city council of Frederikshavn, Denmark, has issued Total a permit to drill the first test wells for shale gas, Reuters has reported.

    UK announces unconventional petroleum licensing model clauses

    Jun 26, 2014

    Energy Minister Michael Fallon took the opportunity on 24 June 2014 at the UK Shale Conference to cite the energy security crises in the Ukraine and Iraq as further reason for the UK to focus on shale gas and oil exploration.

    NZEC relinquishes Castlepoint, Wairoa permits in NZ's East Coast Basin

    Jun 24, 2014

    New Zealand Energy Corp. has relinquished the Castlepoint and Wairoa permits in the East Coast Basin of New Zealand's North Island.

    Indonesia awards second shale gas block

    Jun 24, 2014

    Indonesia has awarded its second shale gas exploration block to a consortium of foreign oil firms that included New Zealand Oil & Gas Ltd., according to Reuters.

    ExxonMobil continues talks with Turkey over shale gas exploration

    Jun 23, 2014

    ExxonMobil is in talks with state-run Turkish Petroleum Corp. over a venture to explore for shale gas in the country's southeast and northwest regions, Reuters reports.

    Sinopec, FTSI form JV to tap China’s unconventional resources

    Jun 17, 2014

    Sinopec Group has entered into a 15-year joint venture agreement with FTS International (FTSI), with the intention of tapping into China’s vast unconventional resources.

    FTSI enters Chinese market with JV agreement

    Jun 12, 2014

    FTS International (FTSI) has entered into a 15-year joint venture agreement with the Sinopec Group. Upon incorporation in China, the joint venture company, SinoFTS Petroleum Services Ltd., will be owned 55% by Sinopec and 45% by FTSI.

    Carnarvon to explore two permits in Barrow sub-basin

    Jun 5, 2014

    Carnarvon Petroleum Ltd. has been awarded two contiguous blocks on the eastern flank of the prolific oil producing Barrow sub-basin: Petroleum Exploration Permit EP-490 (bid block L11-6) and TP/27 (bid block T11-3) offshore Western Australia. Carnarvon is the operator and 100% working interest holder in these blocks, which cover a total area of 675 square miles (1,750 square kilometers).

    Germany to set new rules for fracking

    Jun 5, 2014

    Germany plans to draw up new rules for the controversial method of fracking for gas, which will impose tight restrictions on the technique that has led to a shale gas boom in the US, says Reuters.

    Baltic Ceramics plans factory related to shale gas fracturing

    May 27, 2014

    Poland's Baltic Ceramics Investments is issuing shares to help fund construction of a factory that will produce a high-tech substance used in hydraulic fracturing, part of a developing supply chain for eastern Europe's shale gas sector, says Reuters.

    Weatherford, Sinopec, Shengli form joint venture in China

    May 23, 2014

    Weatherford International Ltd., Sinopec Oilfield Service Corp., and Shengli Highland Petroleum Equipment Co. Ltd. have entered into an agreement to form a new equity joint venture company in China to to tap into the country's vast unconventional resources.

    YPF discovers shale in Chubut Province

    May 22, 2014

    Argentina's state-controlled energy company YPF has made the first shale oil and gas discovery in the Patagonian province of Chubut, according to Reuters.

    IGas to buy Dart Energy, creating UK’s largest shale gas explorer

    May 12, 2014

    The boards of IGas Energy Plc and Dart Energy Ltd. have reached an agreement on the terms of a recommended acquisition by IGas of Dart, which values the total share capital of Dart at approximately A$211.5 million on a fully diluted basis [being equivalent to £117.1 million ($198.35 million)].

    Chevron drills for shale gas in Romania

    May 8, 2014

    Chevron has begun drilling for shale gas at its exploration wellsite in northeastern Romania, according to Reuters. The drilling, which will probe to a depth of 4,000 meters (13,000 feet), began May 6, and rock samples will be taken to determine if natural gas is present.

    Origin, Sasol sign farm-in agreement for Beetaloo Basin permits

    May 5, 2014

    Origin Energy Ltd. and Sasol Ltd. have signed a conditional agreement with Falcon Oil & Gas Australia Ltd. for three onshore exploration permits in the Northern Territory’s Beetaloo Basin in Australia.

    OGFJ Webcasts

    There is no current content available.