•  
  •  
  •  
  •  
  •  
  • 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

    Indonesia to accept offers on 24 blocks, including 9 CBM areas

    Nov 11, 2010

    The Indonesian government plans to offer 24 new oil and gas blocks for lease, plus an additional 9 coalbed methane (CBM) areas, according to an official with Indonesia’s energy and minerals ministry.

    Europe may be setting for next shale revolution

    Nov 1, 2010 Europe, which has long been reliant on outside sources for its natural gas and oil supplies, may be on the brink of developing its own supplies.

    Petromanas Energy names McNamara CEO

    Sep 20, 2010

    Petromanas Energy Inc. (TSXV:PMI) has appointed Glenn A. McNamara CEO and named him to the company’s board of directors.

    Shell CEO likes North American shale but doesn't see similar development in Europe

    Sep 15, 2010

    Speaking at the World Energy Congress in Montreal on Sept. 13, Shell CEO Peter Voser spoke positively about the impact of natural gas and oil shale plays in North America and South Africa. However, he was less optimistic about the development of European shale assets.

    China: CBM will make up one-third of unconventional gas supply by 2030, account for 14% of total domestic supply despite slow production growth

    Sep 2, 2010

    According to a recent Wood Mackenzie report, China’s coal bed methane (CBM) growth is currently slow but will make up one third of unconventional gas supply to the country in the long-term. This leaves room for emerging leader, PetroChina, to position itself either independently or with foreign partners as a player in the future of global unconventional gas.

    Halliburton performs first hydro-fracking operation in Poland

    Aug 13, 2010

    Oil services giant Halliburton recently performed the first-ever, shale hydraulic fracturing operation in Poland for PGNiG.

    US ranks near bottom as home base for overseas upstream oil, gas investment

    Aug 2, 2010

    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.

    OGFJ Webcasts

    There is no current content available.