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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

    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

    Why Ukraine is important

    Mar 13, 2014

    Vladimir Putin has seized the Crimean peninsula on the Black Sea from Ukraine as this issue of Oil & Gas Financial Journal goes to press.

    Drillsearch signs new JV agreement with QGC

    Mar 10, 2014

    Drillsearch Energy Ltd. has signed a binding term sheet with QGC Pty Ltd. over new terms covering their ATP 940P Cooper Basin shale and tight gas joint venture in central Australia.

    OBL receives offer to explore Western Australia's Derby Block

    Feb 26, 2014

    Oil Basins Ltd. has received from the Western Australian Department of Mines and Petroleum formal offer documents and the Request for Grant pro-forma in respect of Application 5/07-8 EP (Derby Block) in Western Australia.

    ZaZa Energy provides corporate update

    Feb 10, 2014

    ZaZa Energy Corp. has agreed with Hess to an early release of $15 million of ZaZa’s money held in escrow.

    GlobalData: Outlook positive for Algeria’s oil and gas industry

    Feb 10, 2014

    Following amendments to Algeria’s hydrocarbon law in 2013, a new bidding round has now been opened in the country; however, the success of the new law can only be determined by the round’s results, say analysts with research and consulting firm GlobalData.

    Halliburton signs unconventional resource development partnership with Russian university

    Feb 6, 2014

    Halliburton (NYSE: HAL) has signed a partnership agreement with Gubkin Russian State University of Oil and Gas for the development of unconventional resources in Russia, including the Bazhenov shale.

    Tuscany International begins restructuring proceedings

    Feb 4, 2014

    Tuscany International Drilling Inc. reports that it and one of its subsidiaries, Tuscany International Holdings (USA) Ltd. have begun proceedings under Chapter 11 of the US Bankruptcy Code to implement a restructuring of the company's debt obligations and capital structure through a plan of reorganization.

    Statoil, PTTEP swap Canadian oil sands assets

    Jan 31, 2014

    Statoil and the Thai exploration and production company PTTEP have signed an agreement to divide their respective interests in the Kai Kos Dehseh (KKD) oil sands project in Alberta, Canada.

    Total’s investment a big step for the future of UK shale - but don't get too excited just yet

    Jan 13, 2014

    On January 13th, 2014, French company Total confirmed that it had become the first global oil and gas major to invest in the burgeoning UK shale gas industry. This is a huge early milestone for the sector to have achieved, but Evaluate Energy argues that whilst this does bring the UK closer to widespread domestic onshore gas production, it will still be a long time before even the possibility of this becomes a reality.

    Unlocking the potential of shale gas in the UK energy mix

    Jan 6, 2014

    In mid-December 2013, the UK government published a report, known as the Strategic Environmental Assessment for Further Onshore Oil and Gas Licensing (the SEA), as part of the UK’s procedure for assessing the environmental effects of future onshore oil and gas licensing. Pursuant to the Draft Licensing Plan, the UK government is considering a total area of 100,000 square kilometres for future licensing. The SEA sets out the potential environmental and economic effects of further onshore oil and gas exploration and production activity in the UK, including shale oil and gas production, by comparing a “low activity” and a “high activity” scenario.

    Study: EU domestic shale gas production could add one million jobs

    Nov 25, 2013

    The development of shale gas in Europe could add as many as one million jobs to the economy, make industry more competitive and decrease the region’s dependence on energy imports, according to a new study released today.

    Poland energy organization says shale exploration moving too slowly

    Nov 11, 2013

    Kamlesh Parmar, chairman of the Polish Exploration and Production Industry Organization (OPPPW) believes Poland's shale gas program is progressing too slowly with projects being delayed due to government red tape.

    IEA: Further action needed to diversify, strengthen Estonia's energy supply

    Sep 20, 2013

    The IEA also praised Estonia’s success in expanding the share of renewable energy, notably wind and biomass, but pointed to the need for forward-looking and more stable renewable energy policy to allow the country to go beyond EU-driven obligations.

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