Gulfoilandgas.com's coverage of unconventional fuels news and technologies. Topics include shale gas, oil shale, oil sands, CBM, tight oil, tight gas and heavy oil.
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Award of Unconventional Concession at Puesto Rojas
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Phoenix Global Resources plc, the upstream oil and gas company offering its investors direct exposure to Argentina's Vaca Muerta shale formation and other unconventional resources, is pleased to annou... |
 4/4/2019 - Unconventional Resources - Argentina |
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Petroteq Announces Continuous Asphalt Ridge Production
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Petroteq Energy has been continuously producing in excess of 500 barrels a day for the last two weeks. This is a significant milestone as the Company demonstrates the commercial viability of its first... |
| 3/29/2019 - Oil Sands - Canada |
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Springs Road-1 Reaches Total Depth
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Egdon Resources plc is pleased to report the main points from the announcement made this morning by IGas Energy plc (“IGas”) as they concern the Springs Road-1 (“SR-01”) well on license PEDL140, in w... |
| 3/28/2019 - Oil Shale - United Kingdom |
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Sinopec Discovers Huge Shale Gas Reserves in Sichuan
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Sinopec announced on March 25 it has made another major breakthrough in shale gas exploration and development, following the discovery of Fuling shale gas field. Sinopec reported a proven reserve of 1... |
| 3/26/2019 - Shale Gas - China |
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Exxon Hits the Brakes on $1.9B Project
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Exxon Mobil Corp. is delaying a C$2.6 billion ($1.9 billion) oil-sands project in Canada by at least a year as the nation’s energy industry grapples with a shortage of pipeline space and government-ma... |
| 3/15/2019 - Oil Sands - Canada |
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Bidders Surface In BP's $7B US Shale Sale
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BP Plc’s sale of a portfolio of U.S. onshore shale assets worth a combined $7 billion is progressing, with suitors preparing bids for parts of the portfolio, according to people with knowledge of the ... |
| 3/1/2019 - Shale Gas - United Kingdom |
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IGas Drills Springs Road Shale Gas Well in Nottinghamshire
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IGas is pleased to announce the spud of the Springs Road-1 exploration well at Misson Springs, in North Nottinghamshire. This exploratory well is a vertical well targeting the Bowland Shale geologica... |
| 1/22/2019 - Shale Gas - United Kingdom |
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Comstock Resources Announces Haynesville Shale Acquisition
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Comstock Resources, Inc. (Comstock) (CRK) announced that it has entered into an agreement with Shelby Shale, LLC (Shelby) to acquire an 88% interest in 6,124 gross acres (6,023 net) limited to Shelby... |
| 12/19/2018 - Oil Shale - United States |
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Cuadrilla to Start Hydraulic Fracturing in Lancashire
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Cuadrilla expects to start hydraulically fracturing the shale rock around the first of its two horizontal shale gas exploration wells at its Preston New Road site in Lancashire in the next week. ... |
| 10/5/2018 - Shale Gas - United Kingdom |
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Adnoc Commissions Specialised Coker Unit
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ADNOC Refining, a subsidiary of the Abu Dhabi National Oil Company (ADNOC) has successfully completed the commissioning of a specialized coker unit, as part of its Carbon Black and Coker Project. With... |
| 9/2/2018 - Heavy Oil - United Arab Emirates |
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Cuadrilla Granted Final Hydraulic Fracturing Consent
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Cuadrilla has received final hydraulic fracture consent from the Department for Business, Energy & Industrial Strategy (BEIS) for its first horizontal shale gas exploration well at its Preston New Roa... |
| 7/24/2018 - Shale Gas - United Kingdom |
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Cuadrilla Completes UK’S Second Shale Gas Horizontal Well
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Cuadrilla has successfully completed drilling the UK’s second horizontal shale gas well at its exploration site at Preston New Road in Lancashire. This second horizontal well, drilled through the Uppe... |
| 7/17/2018 - Shale Gas - United Kingdom |
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Cuadrilla Awarded High Court Injunction
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At the High Court in Manchester on 1st June 2018, Judge Pelling QC awarded Cuadrilla and local farmers an interim injunction covering its shale gas exploration operations at Preston New Road (PNR), La... |
| 6/1/2018 - Shale Gas - United Kingdom |
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Department of Energy Announces $7M for Unconventional Oil & Gas
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The U.S. Department of Energy’s (DOE) Office of Fossil Energy has announced an award for a project to receive approximately $7 million in federal funding for cost-shared research and development in un... |
| 5/30/2018 - Unconventional Resources - United States |
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Exxon, Qatar in Talks for Potential U.S. Shale Gas Deal
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Exxon Mobil Corp is in talks with Qatar over a possible deal that could see the country investing in the company’s U.S. shale gas resources, the Wall Street Journal reported, citing people familiar wi... |
| 4/10/2018 - Shale Gas - United States |
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Bahrain Makes Biggest Oil Discovery Since 1932
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Bahrain said it had discovered the country’s largest oilfield in decades, located off the west coast of the kingdom, according to state news agency BNA. ... |
| 4/1/2018 - Tight Oil - Bahrain |
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Pemex & Lewis Energy Sign a Contract for Shale Gas
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Petroleos Mexicanos and Lewis Energy Mexico signed the first Integrated Exploration and Extraction Contract (Acronym in Spanish: CSIEE) for the Olmos field, which is located in the state of Coahuila. ... |
| 3/26/2018 - Shale Gas - Mexico |
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G3 Exploration Provides Update GGZ Block in Guizhou Province
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G3 Exploration, an independent specialist in the exploration and development of coal bed methane gas (CBM), with roots in China and a focus on international expansion, has provided a progress update o... |
| 2/27/2018 - Coalbed Methane - China |
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Mexico Regulator Hopes for First Shale Auction by End 2018
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Mexico hopes to hold its first shale oil and gas auction by the end of 2018, the head of the country’s oil regulator told Reuters, potentially opening up one of the world’s top reserves of unconventio... |
| 1/31/2018 - Oil Shale - Mexico |
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Penn Virginia Announces Accretive Acquisition in Core Area
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Penn Virginia Corporation (PVAC) announced that it has entered into a definitive agreement to acquire assets in the Eagle Ford Shale, primarily in Gonzales and Lavaca Counties, from Hunt Oil Company f... |
| 1/2/2018 - Oil Shale - United States |
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Earthstone Energy Announces Sale of Bakken Assets
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Earthstone Energy, Inc. (ESTE) (Earthstone), announced that it has entered into a definitive agreement to sell its Bakken assets for approximately $27 million in cash to an unaffiliated party. The tra... |
| 11/20/2017 - Oil Shale - United States |
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Tlou Secures New Botswana Based Cornerstone Investor
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Tlou Energy Limited, the AIM and ASX listed company focused on delivering power in Botswana and Southern Africa through the development of coal bed methane ("CBM") projects, is pleased to announce tha... |
| 11/20/2017 - Coalbed Methane - Botswana |
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Tlou Provides Core-hole Drilling and Seismic Survey Update
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Tlou Energy Limited, the AIM and ASX listed company focused on delivering power in Botswana and southern Africa through the development of coal bed methane ("CBM"), is pleased to provide an update on ... |
| 11/7/2017 - Coalbed Methane - Botswana |
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Thailand's PTTEP Puts Canadian Oil Sands Project on Hold
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Thailand’s PTT has put off plans to develop its Mariana oil sands project in Canada due to weak oil prices, and booked its third impairment on the project in three years, taking total writedowns on it... |
| 10/20/2017 - Oil Sands - Canada |
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Tlou Energy Commences Seismic Survey at Lesedi Project
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Tlou Energy Limited, the AIM and ASX listed company focused on delivering power in Botswana and southern Africa through the development of coal bed methane (CBM), is pleased to announce that work has ... |
| 10/9/2017 - Coalbed Methane - Botswana |
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Carrizo Oil & Gas to Sell its Marcellus Shale Assets
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Carrizo Oil & Gas, Inc. entered into an agreement to sell its assets in the Marcellus Shale to a subsidiary of Kalnin Ventures LLC for $84 million in cash, subject to customary closing terms and condi... |
| 10/6/2017 - Shale Gas - United States |
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NuEnergy Gas Executes Gas Supply MOU for Tanjung Enim PSC
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NuEnergy Gas Limited (NGY)(“NuEnergy”) is pleased to announce it has executed a Memorandum Of Understanding (“MOU”) with PT Pertamina Gas (“Pertamina Gas”) to investigate the supply of coal bed methan... |
| 9/28/2017 - Coalbed Methane - Indonesia |
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Saudi Aramco to Finish First Shale Gas Project Soon
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State oil giant Saudi Aramco is expected to finish building facilities soon in the north of the kingdom that will allow it to produce shale gas for the first time, industry sources said. ... |
| 9/27/2017 - Shale Gas - Saudi Arabia |
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Quantum Energy Partners Acquires Acres in Eagle Ford Shale
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Quantum Energy Partners, a leading energy private equity firm, is pleased to announce the formation of Vitruvian Exploration IV with industry veterans Richard Lane, John Thaeler and Brian Rickmers. Su... |
| 8/24/2017 - Shale Gas - United States |
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BHP to Quit US Shale Business as Annual Profit Surges
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BHP Billiton, the world's largest miner, reported a surge in underlying full-year profits and said it would exit its underperforming U.S. shale oil and gas business, pleasing disgruntled shareholders ... |
| 8/22/2017 - Shale Gas - United States |
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Tlou Energy Wins Mining Licence for Lesedi CBM Project
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Tlou Energy Limited, the AIM and ASX listed company focused on delivering power in Botswana and southern Africa through the development of coal bed methane (CBM), has been advised that a Mining Licenc... |
| 8/21/2017 - Coalbed Methane - Botswana |
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Sanchez Energy to Sell Javelina Asset for $105 Million
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Sanchez Energy Corporation has entered into a definitive agreement to sell its Javelina asset in the Eagle Ford Shale for approximately $105 million in cash. The transaction is subject to customary te... |
| 8/17/2017 - Shale Gas - United States |
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Greka Drilling Awarded Two New Contracts by PetroChina CNPC
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AIM-listed Greka Drilling, the largest independent and specialized unconventional oil & gas driller in Asia, has been awarded two new drilling contracts with PetroChina Huabei Oilfield (a subsidiary o... |
| 8/16/2017 - Coalbed Methane - China |
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Shell Launches Methane Detection Pilot
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Shell has launched a methane detector pilot at one of its shale gas sites near Rocky Mountain House in Alberta, Canada. The pilot test is part of a wider multi-stakeholder initiative called the Methan... |
| 8/9/2017 - Methane Clathrate - Canada |
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BP Makes Mancos Shale Gas Discovery in New Mexico
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BP has brought online a highly productive natural gas well in the Mancos Shale, highlighting the potential of the New Mexico field to be a significant new source of U.S. natural gas supply. ... |
| 8/7/2017 - Shale Gas - United States |
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Canada Invites Chinese Investment in Oil Sands
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The Canadian government is inviting Chinese investment in its oil sands sector, Canada Natural Resources Minister Jim Carr said on Thursday, following a torrid six months in which $22.5 billion in for... |
| 6/9/2017 - Oil Sands - Canada |
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Indonesia Offers 15 Oil Blocks Amid Thin Industry Interest
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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... |
| 5/21/2017 - Shale Gas - Indonesia |
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ConocoPhillips Completes Sale of FCCL Partnership Interest
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ConocoPhillips completed its previously announced transaction with Cenovus to sell its 50 percent nonoperated interest in the Foster Creek Christina Lake (FCCL) oil sands partnership, as well as the m... |
| 5/17/2017 - Oil Sands - Canada |
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Questerre Acquires Minority Interest in Red Leaf
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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... |
| 5/11/2017 - Oil Shale - Jordan |
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Wintershall Starts First Pilot Well in Argentina
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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, ... |
| 5/11/2017 - Oil Shale - Argentina |
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OGA and EEEGR to Host Tight Gas Hackathon
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The Oil and Gas Authority (OGA), in conjunction with the East of England Energy Group (EEEGR), will host its second hackathon event in Norwich to bring operators and the supply chain together to focus... |
| 5/8/2017 - Tight Gas - United Kingdom |
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BHP Investor Tribeca Calls for Sale of US Shale Assets
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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 ... |
| 5/5/2017 - Shale Gas - United States |
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BHP Billiton Puts US Shale Gas Assets on the Block Again
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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... |
| 4/26/2017 - Shale Gas - United States |
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China's CNOOC Tenders 10 Coal Bed Methane Blocks
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China National Offshore Oil Company, or CNOOC, issued a tender offering domestic and foreign companies to bid for 10 coal bed methane blocks in the country, the company said on Thursday. ... |
| 4/23/2017 - Coalbed Methane - China |
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BP Considering Sale of Stakes in Canadian Oil Sands Assets
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BP Plc is considering the sale of its stakes in three Canadian oil sands projects, people familiar with the matter told Reuters this week, as part of the British oil company's strategy of retreating f... |
| 4/20/2017 - Oil Sands - Canada |
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CNPC Approves Chengzhuang CBM Block Development Plan
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Green Dragon Gas , one of the largest independent companies involved in the production and sale of Coal Bed Methane (CBM) gas in China, has announced that the Qinshui Basin Chengzhuang Cooperative CBM... |
| 4/20/2017 - Coalbed Methane - Chile |
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Chevron Exploring Sale of Canada Oil Sands Stake for $2.5b
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Chevron Corp, the second-largest U.S.-based oil producer, is exploring the sale of its 20 percent stake in Canada's Athabasca Oil Sands project, which could fetch about $2.5 billion, according to peop... |
| 4/13/2017 - Oil Sands - Canada |
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Nexen Joins ConocoPhillips in Cutting Oil Sands Output
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Two oil sands producers in northern Alberta have cut production at their facilities due to a shortage of synthetic crude, market sources said, causing Canadian and U.S. crude prices to surge to multi-... |
| 4/6/2017 - Oil Sands - Canada |
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ConocoPhillips to Sell Assets in Canada for $13.3 Billion
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ConocoPhillips has signed a definitive agreement with Cenovus to sell its 50 percent nonoperated interest in the Foster Creek Christina Lake (FCCL) oil sands partnership, as well as the majority of it... |
| 3/29/2017 - Oil Sands - Canada |
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Tecpetrol Launches the Development Plan of Fortin de Piedra
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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 ... |
| 3/23/2017 - Shale Gas - Argentina |
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Drilling of Vaca Muerta Oil Resource Play
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Madalena Energy Inc. (MDLNF) is pleased to announce the commencement of the first horizontal multi-frac re-entry (the Re-entry Program) in the Vaca Muerta shale formation at Coiron Amargo Sur Este (CA... |
| 3/17/2017 - Oil Shale - Argentina |
