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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

    Update on San Leon Energy operations in Poland

    Nov 26, 2014

    San Leon Energy is extending its licenses to explore for shale gas in northern Poland, according to the Associated Press, as results from its three vertical wells near the Baltic Sea coast encouraged the company to seek an extension to its licenses in the area.

    INEOS plans to invest $1B in UK shale gas

    Nov 24, 2014

    INEOS plans to invest $1 billion in shale gas exploration and appraisal in the UK as efforts to emulate the US shale boom ramp up.

    3Legs Resources sheds its last Polish shale gas concessions

    Nov 6, 2014

    British energy company 3Legs Resources has sold its last shale gas concessions in Poland to Sweden's Stena Group, making it the latest in a series of foreign investors to back out of Polish shale gas, which has failed to live up to its initial promise, according to Reuters.

    Sinopec eyes shale boost, debt reduction through $17.5B stake sale

    Nov 3, 2014

    Sinopec Corp. aims to use part of $17.5 billion in proceeds from a stake sale to boost shale gas production and lower debt, according to Reuters.

    Argentine Congress passes law to attract oil investment

    Oct 31, 2014

    Argentina's Congress has passed a law revamping energy investment regulations, the latest step by President Cristina Fernandez to lure foreign companies into the country's shale sector, including its vast but largely undeveloped Vaca Muerta shale oil and gas deposits, according to a Reuters report.

    Re-election of Rousseff hampers Brazil’s oil and gas sector

    Oct 29, 2014

    Frost & Sullivan Energy & Environment Research Analyst Maria Benintende comments on how the re-election of President Dilma Rousseff in Brazil will affect the Brazilian energy markets.

    Cooper Basin JV to undertake seismic in South Australia licenses

    Oct 20, 2014

    Tellus Resources Ltd. (TLU) has provided an update on its Cooper Basin joint venture with Senex Energy Ltd. TLU’s Cooper Basin exploration interests have now been converted to three petroleum retention licenses in South Australia: PRL 108, 109, and 110.

    One more step towards UK shale

    Oct 9, 2014

    In June, Bracewell & Giuliani reported on the opening of the UK Government’s public consultation concerning its proposal for changes to the laws concerning underground drilling access in connection with projects involving shale drilling and fracking, as well as geothermal energy extraction.

    Statoil and Shell win Timissit license onshore Algeria

    Oct 6, 2014

    Statoil and Shell awarded Timissit Permit License in the Illizi-Ghadames Basin onshore Algeria. The license is in southeastern Algeria and covers an area of 2,730 square kilometers.

    BNK appoints new VP of US operations

    Sep 23, 2014

    BNK Petroleum Inc. reports that Ray W. Payne has joined the company as vice president of US operations.

    Genie signs agreement for additional shale exploration in Mongolia

    Sep 17, 2014

    Genie Energy Ltd. says that its subsidiary, Genie Oil Shale Mongolia LLC, has signed a prospecting agreement with the Petroleum Authority of Mongolia.

    Industry and academic experts back offshore fracking in North Sea

    Sep 5, 2014

    International industry and academic oil and gas experts have backed the huge potential benefits of offshore oil and gas fracking (unconventional extraction), extending the life of the North Sea for another century. These experts include a former president of the Wood Group in the Americas and also officials of the UK government.

    ONGC Videsh, YPF sign MOU to cooperate in hydrocarbon sector

    Sep 4, 2014

    India's state-owned Oil and Natural Gas Corporation Ltd. (ONGC) reports that the company's upstream subsidiary ONGC Videsh Ltd. and YPF SA, of Argentina, have entered into a memorandum of understanding to cooperate in the hydrocarbon sector.

    Genie Energy denied permit for pilot shale project in Israel

    Sep 4, 2014

    Genie Energy Ltd. reports that the Jerusalem District Committee for Planning and Building has declined to issue Israel Energy Initiatives Ltd., a majority owned subsidiary of Genie Energy Ltd., a permit to build and operate a shale pilot drilling project in Israel’s Shfela region.

    Shale gas market expected to reach $104.1B by 2020

    Sep 3, 2014

    According to a new market research report by Allied Market Research titled, "Global Shale Gas Market (Technology, Application and Geography) – Industry Analysis, Trends, Share, Opportunities and Forecast, 2013–2020," the global shale gas market is forecast to reach $104.1 billion by 2020, registering a CAGR of 9.3% during the forecast period (2014–2020).

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