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Shell Opens Treatment Plant in Argentina Shale Play
AR >>  4/18/2017 - Royal Dutch Shell PLC inaugurated a treatment plant for shale oil and gas in Argentina's Vaca Muerta shale play, one of the world's largest. ...

Tecpetrol Launches the Development Plan of Fortin de Piedra
AR >>  3/23/2017 - Tecpetrol launches the development plan of Fortin de Piedra, in Vaca Muerta. It will require an investment of US $ 2.3 billion in the first phase until 2019. It provides for the drilling of 150 wells ...

IGas Energy Granted Approval to Drill for Shale Gas at Tinker Lane in Nottinghamshire
UK >>  3/21/2017 - IGas, a leading UK onshore oil and gas explorer and producer, says it welcomes Nottinghamshire County Council's Planning and Licensing Committee decision to grant planning consent for the application ...

Wintershall Abandons Plans to Carry Out Scientific Research into Shale Gas
DE >>  3/1/2017 - Wintershall, Germany’s biggest crude oil and natural gas producer, has abandoned plans to carry out further scientific research into shale gas in the “Rheinland” and “Ruhr” approved fields in North Rh...

Iran Finds 2 bln Barrels Shale Oil Reserves in Western Province
IR >>  2/20/2017 - Iran has discovered major reserves of shale oil in the western parts of the country with a top official saying that the reserves are the first that have a feasible potential for production. ...

Iran Finds 2 Billion Barrels Shale Oil Reserves in Western Province
IR >>  2/19/2017 - Iran has found shale oil reserves of 2 billion barrels of light crude in its western Lorestan province, a senior official at the state-run National Iranian Oil Company (NIOC) was quoted as saying on S...

S. Korea's KOGAS Says Interested In US Shale Gas Projects
US >>  2/10/2017 - Korea Gas Corp (KOGAS), the world's No.2 buyer of liquefied naturalgas (LNG), would be "interested" in participating in U.S. shale gas projects, with such investment curbing any potential trade pressu...

EV Energy Partners Acquires $59 Million Eagle Ford
US >>  2/1/2017 - EV Energy Partners, L.P. announced that on January 31, 2017, it closed on an acquisition of Eagle Ford oil and natural gas properties in Karnes County, TX for $58.7 million (before post-closing purcha...

PetroChina Aims to Meet a Third of China's Shale Gas Target by 2020
CN >>  1/27/2017 - China's biggest energy giant PetroChina plans to step up shale gas development in Sichuan province this year, aiming to meet a third of a 2020 government target for the unconventional resource, accord...

Total-Hanwha JV Invests $450 Million to Expand Its Refining & Petrochemicals Platform
KR >>  4/12/2017 - Hanwha Total Petrochemical, a 50/50 joint venture between Hanwha and Total, will invest to expand its Daesan refining & petrochemicals integrated platform. The planned $450 million investment will inc...

U.S. Shale Drilling Expenditures up in 2015
US >>  4/10/2017 - The domestic oil and natural gas industry spent an estimated $122.8 billion in drilling approximately 28,809 oil and natural gas wells in 2015, according to API’s 2015 Joint Association Survey on Dril...

Argentina's YPF & Total & Partners to Invest $500M in Vaca Muerta
AR >>  3/30/2017 - Argentina's state-run oil company YPF SA will make a joint $500 million shale gas investment with Pan American Energy LLC, Total Austral SA and Wintershall Energia SA in the Vaca Muerta formation, acc...

CB&I Awarded Contract for Total Ethane Cracker Project
US >>  3/28/2017 - CB&I (CBI) has been awarded a contract valued at approximately $1.3 billion by Total Petrochemicals & Refining USA, Inc. to provide engineering, procurement and construction for an ethane cracker proj...

$1.7 Billion Investment to Expand Total’s Petrochemicals Activities in Texas
US >>  3/27/2017 - Total is entering a partnership with Borealis and Nova to form a joint venture with the aim of building an ethane steam cracker and a new Borstar® polyethylene unit on the US Gulf Coast. Total is expe...

Government of South Australia Receives 1st Round of PACE Gas Grants
AU >>  3/17/2017 - The recipients of the first round of PACE Gas Grants have been announced, with five exploration and development projects to share in $24 million in State Government funding. The grants will generate u...

World Oil Supply - March 2017
AT >>  3/14/2017 - Preliminary data indicates that the world’s oil supply decreased in February by 0.21 mb/d m-o-m to average 95.88 mb/d, yet surprisingly remained unchanged, y-o-y. ...

ABB Wins E-House Order from Mitsubishi Heavy Industries
US >>  3/14/2017 - ABB’s Packaging group won a new order from Mitsubishi Heavy Industries America (MHIA) for four E-Houses to be supplied in 2017 and 2018. The E-Houses are for a large petrochemical expansion project. <...

INEOS Adds to Shale Gas Licence Portfolio
UK >>  3/9/2017 - INEOS Shale, the onshore division of INEOS Upstream, has completed the acquisition of the entire UK onshore Petroleum Exploration and Development Licence interests of ENGIE E&P UK Limited, increasing ...

Exxonmobil Plans Investments of $20 Billion in US Gulf Region
US >>  3/6/2017 - Exxon Mobil Corporation is expanding its manufacturing capacity along the U.S. Gulf Coast through planned investments of $20 billion over a 10-year period to take advantage of the American energy revo...

Iran Finds 2 bln Barrels Shale Oil Reserves in Western Province
IR >>  2/28/2017 - Iran has discovered major reserves of shale oil in the western parts of the country with a top official saying that the reserves are the first that have a feasible potential for production. ...

YPF & Shell Agree on a Project Development in Argentina
AR >>  2/23/2017 - Shell Argentina President Teofilo Lacroze and YPF President Miguel Angel Gutierrez signed an agreement on preliminary terms and conditions for the development of non-conventional hydrocarbons in Vaca ...

ADNOC Signs 10-year Deal for sale of 528,000 tonnes of LPG p/a to Vitol
AE >>  2/22/2017 - The Abu Dhabi National Oil Company, ADNOC, has signed an agreement with Vitol, the world’s largest independent energy trader, for the sale of up to 528,000 tonnes per year of LPG over the next 10 year...

Questerre Closes $24 Million Private Placement
CA >>  2/17/2017 - Questerre Energy Corporation (Questerre) has closed its previously reported private placement of 30.8 million Common Shares at NOK 5.00 or C$0.79 per Common Share for gross proceeds of NOK 154 million...

Middle East to Invest $294b in Oil and Gas Projects
OM >>  2/19/2017 - Oil producers across the Middle East and North Africa (Mena) region have been continuing to spend heavily on oil, gas and petrochemicals’ production capacity despite the fall in oil prices since 2014....

Origin Energy Reports Beetaloo Basin Drilling Results Indicate Material Gas Resource
AU >>  2/15/2017 - Exploration in the Northern Territory’s Beetaloo Basin has progressed, with the fourth of five Stage 1 wells spudded. This follows the completion of extended production testing at the Amungee NW-1H ex...

Corridor Provides an Update on its Old Harry Prospect
CA >>  1/16/2017 - Corridor Resources Inc. (Corridor) is pleased to report that, on January 15, 2017, the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) issued exploration license EL-1153 to Corrido...


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