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Unconventional Oil and Gas News

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.

Mexico to Cancel Feb Auctions for Oil, Gas Blocks including 1st Shale Areas
Mexico’s energy secretary Rocio Nahle said that President Andres Manuel Lopez Obrador’s newly installed administration would cancel two February bidding rounds for oil and gas blocks, including Mexico...
12/9/2018 - Shale Gas - Mexico
YPF & Petronas Begin $2.3B Development Plan in Neuquen
YPF and Petronas ratified the start of the massive development phase of the shale oil project that they are carrying out in the La Amarga Chica block, Neuquen province. ...
12/4/2018 - Oil Shale - Argentina
Innovative Methods of Tight Gas Development win Top Science and Technology Prize
The award ceremony for the 2018 edition of Gazprom’s Science and Technology Prize took place at the meeting of the Company’s Management Committee. The paper entitled “Creating and adopting innovative ...
11/29/2018 - Tight Gas - Russia
Board of Directors Reviews Prospects of Shale Gas & LNG Sectors
The Gazprom Board of Directors took note of the information about the prospects of the shale gas and liquefied natural gas (LNG) sectors around the world, as well as the opportunities and threats faci...
11/21/2018 - Shale Gas - Russia
Hydraulic Fracturing to Go Ahead at Shale Gas Exploration Site in Lancashire
Cuadrilla confirms that it plans to go ahead tomorrow (13 October) with the start of hydraulic fracturing operations at its Preston New Road shale gas exploration site in Lancashire. At the High Court...
10/12/2018 - Shale Gas - United Kingdom
Cuadrilla to Start Hydraulic Fracturing in Lancashire
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
Cuadrilla Granted Hydraulic Fracturing Consent for 2nd Horizontal Shale Gas Well
Cuadrilla has received hydraulic fracturing consent from the Department for Business, Energy & Industrial Strategy (BEIS) for its second horizontal shale exploration well at its Preston New Road site ...
9/19/2018 - Shale Gas - United Kingdom
Adnoc Commissions Specialised Coker Unit
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
Total Sells its Interest in the Joslyn Oil Sands Project to CNRL
Total, together with its partners, has agreed to sell the Joslyn oil sands project in Alberta, Canada, to Canadian Natural Resources Limited (CNRL) for an overall consideration of 225 million Canadian...
8/31/2018 - Oil Sands - Canada
Essar Signs GSPA with GAIL for Offtake of Entire Production from Raniganj East CBM Block
Essar Oil & Gas Exploration & Production Ltd (EOGEPL) has signed a Gas Sale and Purchase Agreement (GSPA) with GAIL (Gas Authority of India Limited). The GSPA entails a 15-year gas supply contract whe...
8/9/2018 - Coalbed Methane - India
Tlou Energy Re-tenders for CBM Fuelled Power Plants in Botswana
Earlier this year the Company received confirmation that Botswana's Ministry of Mineral Resources Green Technology and Energy Security has requested that the Request for Proposal (RFP) for Development...
7/27/2018 - Coalbed Methane - Botswana
Cuadrilla Granted Final Hydraulic Fracturing Consent
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
Cuadrilla Completes UK’S Second Shale Gas Horizontal Well
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
Cuadrilla Awarded High Court Injunction
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
Department of Energy Announces $7M for Unconventional Oil & Gas
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
Algeria's Sonatrach Hopes for Exxon Mobil Deal on Shale Gas
Algerian state energy firm Sonatrach is seeking cooperation with Exxon Mobil Corp on shale gas “and more”, Sonatrach’s chief executive said. ...
5/24/2018 - Shale Gas - Algeria
Union Jack Oil Welcomes Government Statement on Shale Development
Union Jack Oil plc, a UK-focused onshore hydrocarbon production, development and exploration company welcomes the Government's support and commitment to our industry as laid out in the Written Ministe...
5/18/2018 - Shale Gas - United Kingdom
Exxon, Qatar in Talks for Potential U.S. Shale Gas Deal
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
SM Energy Announces Agreements to Sell Non-Core Assets for $292M
SM Energy Company (SM) announced that it has entered into two definitive agreements, one for the sale of the Company's remaining assets in the Williston Basin located in Divide County, North Dakota, a...
4/4/2018 - Oil Shale - United States
Bahrain's largest Oil Find Estimated at 80 Billion Barrels
A new discovery off the coast of Bahrain is estimated to contain at least 80 billion barrels of tight oil, the kingdom’s biggest ever find, its oil minister said. ...
4/4/2018 - Tight Oil - Bahrain
Bahrain Makes Biggest Oil Discovery Since 1932
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
Marubeni Sells a Portion of its Shale Oil and Gas Assets in US
Marubeni Corporation announces that Marubeni, through its subsidiaries, has reached agreements with two independent oil and gas companies in the U.S.A. to sell a part of Marubeni’s interests in the Ea...
3/26/2018 - Shale Gas - United States
Pemex & Lewis Energy Sign a Contract for Shale Gas
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
G3 Exploration Provides Update GGZ Block in Guizhou Province
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
Mexico Regulator Hopes for First Shale Auction by End 2018
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
Japex To Book C$750 Mln Impairment Loss On Its Shale Gas Project For Q3
Japan Petroleum Exploration Co Ltd (Japex) said on Friday it would book an impairment loss of C$750 million ($608 million) on its shale gas project in Canada in the October-December quarter. The loss ...
1/26/2018 - Shale Gas - Canada
Indonesia CBM Reserves Certification for Tanjung Enim PSC Initial POD
NuEnergy Gas Limited (NuEnergy) is pleased to announce that it has received the coal bed methane (CBM) reserves certification from the Indonesia Research and Development Center for Oil and Gas Technol...
1/15/2018 - Coalbed Methane - Indonesia
Penn Virginia Announces Accretive Acquisition in Core Area
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
SIMMONS EDECO Awarded a Drilling Services Contract in Mexico
SIMMONS EDECO announced that it has been awarded a contract by Weatherford de Mexico S. de R.L. de C.V., a subsidiary of Weatherford International, to provide drilling services to Canadian-based Renai...
12/18/2017 - Oil Shale - Mexico
INEOS to Deliver the First Ever US Ethane from Shale Gas to China in 2019
INEOS has announced a long-term supply agreement with SP Chemicals to deliver ethane from US shale gas to China. The agreement, which will see US ethane from shale gas shipped to China for the first t...
11/20/2017 - Shale Gas - China
Earthstone Energy Announces Sale of Bakken Assets
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
Tlou Secures New Botswana Based Cornerstone Investor
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
Argentina to Extend Gas Production Subsidies to Austral Basin
Argentina will extend subsidies for unconventional natural gas production to the Austral basin in the south of the country, the Energy Ministry said in a resolution published in the official gazette. ...
11/17/2017 - Shale Gas - Argentina
Tlou Provides Core-hole Drilling and Seismic Survey Update
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
Thailand's PTTEP Puts Canadian Oil Sands Project on Hold
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
Tlou Energy Commences Seismic Survey at Lesedi Project
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
Carrizo Oil & Gas to Sell its Marcellus Shale Assets
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
Green Dragon Executes Another 3 Supplementary Agreements on CBM Blocks with CNOOC
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 its wholly owned subsidiary Greka Energy (Internati...
10/4/2017 - Coalbed Methane - China
South Africa Karoo Shale Gas Deposits Seen Less Than Earlier Estimates
South Africa’s Karoo basin probably has a 30th of the shale gas deposits that some estimates had suggested, deflating expectations of an energy bonanza, a study published on Thursday said. The finding...
9/28/2017 - Shale Gas - South Africa
NuEnergy Gas Executes Gas Supply MOU for Tanjung Enim PSC
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
Saudi Aramco to Finish First Shale Gas Project Soon
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
Shale Support & Tidewater Logistics Partner to Increase Access to Shale Basins
Shale Support Holdings, LLC, a leading provider of frac-sands and logistical solutions to the oil and gas proppant market, announced its partnership with Tidewater Logistics. The agreement increases S...
9/26/2017 - Shale Gas - United States
Green Dragon Gas & CNPC Get Development Approval for Greka Chengzhuang CBM Block
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 China National Development and Reform Comm...
9/15/2017 - Coalbed Methane - China
Carrizo Oil & Gas Sells Utica Shale Assets for US$62 Million
Carrizo Oil & Gas, Inc. provided an update on its operations following Hurricane Harvey as well as announced an agreement to sell its assets in the Utica Shale. ...
9/5/2017 - Shale Gas - United States
Statoil Evacuates Eagle Ford Shale Staff Ahead of Hurricane Harvey
Statoil ASA is evacuating staff from the Eagle Ford shale region as Hurricane Harvey moves closer to the Texas coast. The Norway-based oil producer is securing its two drilling rigs in the shale regio...
8/24/2017 - Shale Gas - United States
Quantum Energy Partners Acquires Acres in Eagle Ford Shale
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
Alberta Energy Regulator Amends Joint Review Panel Agreement
The Honourable Catherine McKenna, Minister of Environment and Climate Change and Jim Ellis, President and Chief Executive Officer of the Alberta Energy Regulator, announced an amendment to the Joint R...
8/24/2017 - Oil Sands - Canada
BHP to Quit US Shale Business as Annual Profit Surges
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
Tlou Energy Wins Mining Licence for Lesedi CBM Project
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
Sanchez Energy to Sell Javelina Asset for $105 Million
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
Greka Drilling Awarded Two New Contracts by PetroChina CNPC
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
China to Build New Shale Gas Bases & Offer More Oil & Gas Block Tenders
China is likely to build two shale gas bases in the south of the country and open up tenders for more oil and gas exploration blocks in the world's biggest energy producer, the Ministry of Land Resour...
8/15/2017 - Shale Gas - China
Shell Launches Methane Detection Pilot
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
BP Makes Mancos Shale Gas Discovery in New Mexico
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
Tlou Energy Applies for Mining Licence for Lesedi CBM Project
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 lodged a Mining Licence Applicati...
7/3/2017 - Coalbed Methane - Botswana
Sanchez Energy to Sell Non-Core Marquis Asset in Eagle Ford Shale
Sanchez Energy Corporation (Sanchez Energy) has sold its non-core Marquis asset in the Eagle Ford Shale to Lonestar Resources US, Inc. (Lonestar) for approximately $50 million of cash, subject to the ...
6/16/2017 - Shale Gas - United States
Canada Invites Chinese Investment in Oil Sands
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
Apache Sells Canadian Oil Assets to Cardinal for C$330 Million
U.S. oil and gas producer Apache Corp is selling Canadian light oil assets to Canada's Cardinal Energy Ltd so it can focus on high-growth areas like the Permian basin shale play, an Apache spokesman s...
6/1/2017 - Oil Shale - Canada
Shell Completes Divestment of Oil Sands Interests in Canada
Royal Dutch Shell plc announces the completion of two previously announced agreements by Shell Canada Energy, Shell Canada Limited and Shell Canada Resources (Shell) that will see Shell sell all its i...
5/31/2017 - Oil Sands - Canada
S.Korea's SK Innovation Sees Oil Prices Staying Low, Eyes US Crude
South Korea's SK Innovation , which owns South Korea's top refiner SK Energy, said on Tuesday it expects U.S. shale output to keep oil prices low, and is looking for opportunities to bring in U.S. cru...
5/30/2017 - Shale Gas - South Korea
Freedom initiates the drilling of its first horizontal Eagle Ford Shale
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 ...
5/23/2017 - Shale Gas - United States
Indonesia Offers 15 Oil Blocks Amid Thin Industry Interest
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
ConocoPhillips Completes Sale of FCCL Partnership Interest
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
South Africa to Award 1st Shale Gas Exploration Licences by End-Sept
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...
5/16/2017 - Shale Gas - South Africa
Questerre Acquires Minority Interest in Red Leaf
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
Wintershall Starts First Pilot Well in Argentina
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
Suncor to Apply to Build New Oil Sands Project in Northern Alberta
Suncor Energy, Canada's largest oil and gas producer, said on Monday it plans to submit an application to regulators for a new thermal oil sands project later this year, which could eventually produce...
5/9/2017 - Oil Sands - Canada
OGA and EEEGR to Host Tight Gas Hackathon
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
BHP Investor Tribeca Calls for Sale of US Shale Assets
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
Questerre Provides Update on its Jordan Oil Shale Project
Questerre Energy Corporation (Questerre) reported on an essential test of mechanical rock properties for its oil shale in Jordan. ...
5/1/2017 - Oil Shale - Jordan
Total Sanctions the Development of Vaca Muerta Shale Resources
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...
4/27/2017 - Shale Gas - Argentina
Suncor Evaluates Potential Oil-Sand Deals as Global Majors Exit
Suncor Energy Inc , Canada's largest energy producer, is still evaluating opportunities for oil sands acquisitions in northern Alberta as foreign oil majors exit the high-cost region, Chief Executive ...
4/27/2017 - Oil Sands - Canada
BHP Billiton Puts US Shale Gas Assets on the Block Again
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
China's CNOOC Tenders 10 Coal Bed Methane Blocks
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
BP Considering Sale of Stakes in Canadian Oil Sands Assets
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
CNPC Approves Chengzhuang CBM Block Development Plan
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
Shell Opens Treatment Plant in Argentina Shale Play
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. ...
4/18/2017 - Shale Gas - Argentina
Chevron Exploring Sale of Canada Oil Sands Stake for $2.5b
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
YPF & Schlumberger Signed Agreement to Invest $390M in Vaca Muerta
Schlumberger President of Operations, Patrick Schorn, and YPF Chairman, Miguel Angel Gutierrez, signed an agreement to start a shale oil pilot project in Bandurria Sur Block in Vaca Muerta, Neuquen. ...
4/12/2017 - Oil Shale - Argentina
Japan to Conduct Second Test to Produce Gas from Methane Hydrate
Japan's trade ministry said it has begun preparations for a second production test to extract methane gas from methane hydrate deposits offshore Japan's central coast. The test is the first since Japa...
4/10/2017 - Methane Clathrate - Japan
Nexen Joins ConocoPhillips in Cutting Oil Sands Output
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
ConocoPhillips to Sell Assets in Canada for $13.3 Billion
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
Tecpetrol Launches the Development Plan of Fortin de Piedra
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
IGas Energy Granted Approval to Drill for Shale Gas at Tinker Lane in Nottinghamshire
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 ...
3/21/2017 - Shale Gas - United Kingdom
Drilling of Vaca Muerta Oil Resource Play
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
Statoil & Rosneft Move Forward with Samara Region Tight Oil Cooperation
The document was signed by Rosneft president Igor Sechin and Statoil CEO Helge Lund. This is another significant step forward following the heads of agreement for tight oil cooperation signed in June ...
3/9/2017 - Tight Oil - Russia
Shell Divests Oil Sands Interests in Canada for $7.25 Billion
Royal Dutch Shell plc announces the signing of two agreements by Shell Canada Energy, Shell Canada Limited and Shell Canada Resources (Shell) — which are detailed in this announcement — that will see ...
3/9/2017 - Oil Sands - Canada
Rosneft Buys Egyptian Crude for First Time in Tender
The trading arm of Russia's state oil firm Rosneft bought three cargoes of Egypt's heavy sour Ras Gharib grade, the first time the company has bought Egyptian crude. Geneva-based Rosneft Trading won t...
3/8/2017 - Heavy Oil - Egypt
Wintershall Abandons Plans to Carry Out Scientific Research into Shale Gas
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...
3/1/2017 - Shale Gas - Germany
Iran Finds 2 bln Barrels Shale Oil Reserves in Western Province
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. ...
2/28/2017 - Unconventional Resources - Iran
YPF & Shell Agree on a Project Development in Argentina
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 ...
2/23/2017 - Oil Shale - Argentina
ConocoPhillips Revises Down over 1 bln bbls of Oil Sands Reserves
ConocoPhillips has revised down over a billion barrels of oil sands reserves because of low global crude prices, a company filing showed on Tuesday, the latest sign that some of Canada's vast hydrocar...
2/22/2017 - Oil Sands - Canada
Iran Finds 2 bln Barrels Shale Oil Reserves in Western Province
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. ...
2/20/2017 - Shale Gas - Iran
Iran Finds 2 Billion Barrels Shale Oil Reserves in Western Province
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...
2/19/2017 - Shale Gas - Iran
S. Korea's KOGAS Says Interested In US Shale Gas Projects
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...
2/10/2017 - Shale Gas - United States
The W74 Platform of Yanchuannan CBM Field
Up to February 8 Yanchuannan CBM field, Sinopec’ first CBM field, has supplied over 100 million cubic meters of CBM to Shanxi province since its construction in 2015. ...
2/10/2017 - Coalbed Methane - China
EV Energy Partners Acquires $59 Million Eagle Ford
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...
2/1/2017 - Shale Gas - United States
Statoil Completes the Sale of its Oil Sands Business
Statoil and Athabasca Oil Corporation have completed their previously announced transaction, whereby Statoil has sold its entire oil sands operations in the Canadian province of Alberta to Athabasca. ...
1/31/2017 - Oil Sands - Canada
PetroChina Aims to Meet a Third of China's Shale Gas Target by 2020
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...
1/27/2017 - Shale Gas - China
EP Energy Announces Permian Drilling Joint Venture
EP Energy Corporation (EPE) announced it has, through a subsidiary, entered into a drilling joint venture with private capital investor, Wolfcamp Drillco Operating L.P. (Investor), to fund future oil ...
1/26/2017 - Oil Shale - United States
Gulf Oil and Gas
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