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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

    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).

    Sinopec and PetroChina are upbeat on shale gas

    Sep 2, 2014

    Sinopec Corp and PetroChina have upgraded their outlook on the country's shale gas industry, citing steadily declining costs, but stopped short of predicting a near-term boom, according to a report by Reuters.

    YPF and Petronas to develop Vaca Muerta shale oil in Argentina

    Aug 29, 2014

    Argentina's state-controlled energy company YPF has reached a deal worth $550 million with Malaysia's state oil firm Petronas to develop shale oil in Argentina’s Vaca Muerta shale formation, which is considered to be one of the world’s largest, according to a Reuters report.

    Mosman to acquire Trident

    Aug 4, 2014

    Mosman Oil & Gas Ltd., an oil exploration and development company focused on Australia and New Zealand, is proceeding with the acquisition of Trident Energy, which has three exploration permits located in the prospective Canning, Amadeus, and Otway basins.

    Aqua Terra updates on recent acquisitions

    Jul 29, 2014

    Four Winds Energy Services Ltd, a wholly owned subsidiary of Aqua Terra Water Management LP, has announced the acquisitions of Integrity Custom Processing Inc. and selected assets from Kasten Energy Inc. Terms of the acquisitions were not disclosed.

    Central Petroleum spuds unconventional gas well in Queensland

    Jul 21, 2014

    Central Petroleum Ltd. says that drilling began July 20 at the Whiteley-1 unconventional gas exploration well in ATP912 of the Southern Georgina Basin in Queensland, Australia.

    Halliburton, STP form JV for unconventional exploration in China

    Jul 11, 2014

    Halliburton, the oilfield services company with the largest hydraulic fracturing fleet, has signed an agreement with the SPT Energy Group Inc. affiliate, Petrotech (Xinjiang) Engineering Co. Ltd., to establish a joint venture company focused on hydraulic fracturing and production enhancement services in Xinjiang, China.

    UK National Grid predicts UK shale gas could meet third of demand by 2030s

    Jul 10, 2014

    The UK’s National Grid believes that a third of Britain's gas needs could come from its own shale gas by the early 2030s if government policies and economic growth allow firms to invest in gas exploration, Reuters reports.

    NZOG to explore for unconventional oil and gas in Central Sumatra

    Jul 9, 2014

    New Zealand Oil & Gas Ltd. reports that the right to explore for unconventional oil and gas resources in Central Sumatra, Indonesia, has been awarded to a consortium in which New Zealand Oil & Gas holds an 11.25% interest.

    Linc Energy to begin underground coal gasification operation in Poland

    Jul 7, 2014

    Linc Energy Ltd. has gained initial approval from the Polish Ministry of the Environment to begin an Underground Coal Gasification (UCG) project in Poland.

    Scotland’s shale may supply 30 years of UK gas needs

    Jul 1, 2014

    Scotland could hold enough shale gas resources to cover UK gas needs for more than 30 years, according to a geological report published by the British government, and reported by Reuters. But Scotland's roughly 80 trillion cubic meters of gas is only around 6% of Britain's potential, with the rest mainly in the Bowland shale region across northern England.

    Denmark to join shale gas quest in Europe

    Jun 30, 2014

    The city council of Frederikshavn, Denmark, has issued Total a permit to drill the first test wells for shale gas, Reuters has reported.

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