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Freedom initiates the drilling of its first horizontal Eagle Ford Shale
US >>  5/23/2017 - Freedom Oil and Gas Ltd (FDMQF) announced that it has commenced the drilling of the first well on its Dimmit County, Texas acreage targeting the Eagle Ford Shale. The well, Wilson BE #1, is the first ...

Indonesia Offers 15 Oil Blocks Amid Thin Industry Interest
ID >>  5/21/2017 - Indonesia is offering 15 conventional and unconventional oil and gas blocks to potential bidders, government officials said on Friday, hoping more flexible terms will help reverse flagging interest in...

South Africa to Award 1st Shale Gas Exploration Licences by End-Sept
ZA >>  5/16/2017 - South Africa's government may award its first shale gas exploration licences by the end of September, after environmental objections delayed the process, a senior government official said. The five li...

BHP Investor Tribeca Calls for Sale of US Shale Assets
US >>  5/5/2017 - A second BHP Billiton Ltd shareholder has made a public push for changes at the world's largest miner, with Sydney-based Tribeca Investment Partners pressing the company to sell its U.S. shale assets ...

Total Sanctions the Development of Vaca Muerta Shale Resources
AR >>  4/27/2017 - Total has sanctioned the development of the first phase of the operated Aguada Pichana Este license in the giant Vaca Muerta shale play in Argentina. Moreover, the Group will also increase its interes...

BHP Billiton Puts US Shale Gas Assets on the Block Again
US >>  4/26/2017 - BHP Billiton has put its Fayetteville shale gas assets in the United States back on the block, the world's largest miner said, as it seeks to focus on more lucrative opportunities in oil. BHP first tr...

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...

Wintershall Starts First Pilot Well in Argentina
AR >>  5/11/2017 - Wintershall has launched its second operated shale oil pilot project in Argentina (100% working interest). The company has spud the first of three horizontal pilot wells in the Bandurria Norte block, ...

Questerre Acquires Minority Interest in Red Leaf
JO >>  5/11/2017 - Questerre Energy Corporation (Questerre) has made a strategic investment in Red Leaf Resources, Inc. (Red Leaf). Through an agreement with one of the vendors, Whitehorn Resources Inc. (Whitehorn), Que...

Origin Increases Interest in Prospective Beetaloo Joint Venture to 70%
AU >>  5/5/2017 - Origin Energy has increased to 70 per cent its share in the Beetaloo Joint Venture after acquiring Sasol Petroleum Australia’s 35 per cent share. ...

Questerre Provides Update on its Jordan Oil Shale Project
JO >>  5/1/2017 - Questerre Energy Corporation (Questerre) reported on an essential test of mechanical rock properties for its oil shale in Jordan. ...

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...


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