•  
  •  
  •  
  •  
  •  
  • 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 Barnett, Haynesville, Marcellus, Eagle Ford, Fayetteville, Woodford, Bakken, Niobrara, 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

    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.

    Shell, CNPC to join in deepsea and shale operations

    Apr 9, 2014

    Royal Dutch Shell and the China National Petroleum Corp. (CNPC) have signed an agreement to work together in deepsea exploration, along with operations involving liquefied natural gas and unconventional gas sources like shale.

    Duvernay - The Golden Canadian diluent play?

    Apr 8, 2014

    Growing Canadian production of oil sands bitumen requires diluent to blend it to pipeline flow specifications. The resulting demand for diluent exceeds local Canadian supply from plant condensate production – leading to imports from the US of more than 150 Mb/d in 2013 – a figure expected to grow to 460 Mb/d by 2018. That expectation for future import growth is based on the assumption that Canadian condensate supplies would remain relatively flat at about 140 Mb/d. But could the developing Duvernay gas shale play in Western Alberta turn those estimates on their head? .

    JAPEX begins commercial shale oil production in Onnagawa formation

    Apr 7, 2014

    Japan Petroleum Exploration Co. Ltd. (JAPEX) has been preparing for Japan’s first demonstration experiment of tight formation multistage fracturing at the Onnagawa formation (shale oil formation), which is distributed in the Fukumezawa oil field (one of the Sarukawa oil fields in Oga City, located in Japan’s Akita Prefecture).

    Total receives rights to explore Russian shale oil

    Apr 5, 2014

    Total has secured the rights to explore three hard-to-recover oil blocks in West Siberia, according to Reuters. Total will join other majors, ExxonMobil, Statoil, and Royal Dutch Shell, in developing Russian shale oil.

    BNK Petroleum closes $35M bought-deal financing

    Mar 27, 2014

    BNK Petroleum Inc. has closed its bought-deal, short-form prospectus offering through a syndicate of underwriters led by Macquarie Capital Markets Canada Ltd. and including GMP Securities LP, TD Securities Inc., and Cormark Securities Inc.

    Cooper Energy reports new gas play discovered in South Australia

    Mar 26, 2014

    Cooper Energy Ltd. has identifed the potential for a new deep basin gas play in the Penola Trough of South Australia.

    Stock market rewarded liquids-rich firms in 2013

    Mar 13, 2014

    OGFJ Webcasts

    There is no current content available.