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There 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.
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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HESS awards KCA DEUTAG Euro shale oil drilling contract in France
Nov 15, 2010
KCA DEUTAG, the international drilling and engineering contractor, has been awarded a contract by HESS Oil France S.A.S with a total firm contract value in excess of €6.5 million. |
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.
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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
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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. |