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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

    BREAKING NEWS: ExxonMobil drops shale plans for Poland

    Jun 18, 2012

    In what appears to be an abrupt turnabout, Texas-based Exxon Mobil Corporation [NYSE: XOM] said on Monday, June 18 that it will not pursue shale gas exploration in Poland.

    Apache provides details about its liquids-rich portfolio

    Jun 15, 2012

    Houston-based Apache Corporation [NYSE, Nasdaq: APA] on June 14 released a new, detailed resource estimate of its oil- and liquids-rich portfolio, including substantial holdings in the Permian Basin and Anadarko Basin, recently acquired acreage in the liquids-rich Mississippian Lime and Williston Basin resource plays, and significant new plays and oil exploration prospects in Canada, Argentina, Alaska, and Kenya.

    Rosneft and ExxonMobil will develop tight oil reserves in Western Siberia

    Jun 15, 2012

    Russia’s Rosneft and ExxonMobil signed an agreement on June 15 to jointly develop tight oil reserves in Western Siberia and establish a joint Arctic Research Center for Offshore Developments.

    TransAtlantic Petroleum to divest oilfield services

    Jun 7, 2012

    TransAtlantic Petroleum Ltd. announced June 7 that the Turkish Competition Authority has approved the company's sale of its oilfield services business to Dalea Partners, LP, an affiliate of N. Malone Mitchell, 3rd, TransAtlantic’s chairman and CEO.

    Poll: China will become world's largest producer of shale gas by 2030

    Jun 7, 2012

    Delegates at the World Gas Conference in Kuala Lumpur believe China has the potential to overtake North America and become the world’s leading producer of shale gas by 2030, according to a poll conducted by GL Noble Denton.

    Shell will help develop shale gas in China

    Jun 5, 2012

    Peter Voser, the CEO of Royal Dutch Shell, told a group of reporters at a news conference in Kuala Lumpur, Malaysia, June 5 that the oil major will apply its technology, operational expertise, and global experience to jointly develop shale gas in China with state-controlled China National Petroleum Corp.

    Ex-Im to finance $2.95B in US exports for Australia LNG project

    May 10, 2012

    The Export-Import Bank of the United States has authorized a $2.95 billion direct loan to support US exports to the Australia Pacific liquefied natural gas (LNG) project. The transaction is Ex-Im’s second-largest single-project financing in history and is also the Bank’s first LNG project in Australia.

    PetroChina discussing shale JV with Shell and Hess

    Apr 5, 2012

    PetroChina Co., which recently surpassed ExxonMobil as the world’s largest energy producer, is in talks with Royal Dutch Shell PLC and Hess Corp., about forming a joint venture to develop shale oil in the Santanghu Basin in northwestern Xinjiang province, according to a PetroChina subsidiary.

    BNK begins drilling Poland well to test shale characteristics

    Feb 29, 2012

    BNK Petroleum Inc.’s wholly owned subsidiary Indiana Investments Sp. Z o.o. said that on February 28, 2012 the company began drilling the Miszewo T-1 well on its Trzebielino concession block in Poland.

    ZaZa, Toreador complete merger to create international resource company

    Feb 23, 2012

    ZaZa Energy Corp. has completed the combination of Toreador Resources and ZaZa Energy LLC, creating an international resource-focused exploration and production company.

    With third Polish exploration well, San Leon uncovers new potential unconventional gas play

    Feb 14, 2012

    Europe and North Africa-focused San Leon Energy has completed the drilling and initial evaluation of another unconventional gas well in Poland and discovered a new potential unconventional gas play in the process.

    Halliburton, PETRONAS Carigali collaborate on evaluation, development of shale resources

    Feb 10, 2012

    Halliburton has signed an agreement with PETRONAS Carigali Sdn Bhd, the national oil company of Malaysia, for the evaluation and development of global shale resources.

    San Leon completes second Polish shale gas exploration well

    Feb 10, 2012

    Europe and North Africa-focused San Leon Energy said today that it has successfully completed its second shale gas exploration well in Poland's Baltic Basin.

    CNOOC completes OPTI acquisition

    Nov 28, 2011

    CNOOC Luxembourg S.a r.l, an indirect wholly-owned subsidiary of CNOOC Ltd., has completed its acquisition of OPTI Canada Inc. The total value of the consideration is approximately US$2.1 billion.

    San Leon completes first shale gas exploration well in Baltic Basin

    Nov 18, 2011

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