Unconventionals

Unconventionals Categories

US warns Europe not to develop barter system to evade Iran sanctions

July 26, 2019 | Government & Regulations, Legal, Middle East, Nuclear

As the remaining signatories to the Iran deal — China, Russia, Britain, France, Germany, and the EU are due to meet in Vienna on Sunday London, UK | – American officials have issued a warning to European nations that they risk falling foul of sanctions on Iran if they press ahead with a barter system that could allow the export of Iranian oil. Last week, Russia signalled it was interested in joining the mechanism, known as Instex, as part of an effort to resuscitate a …

UK’s Cuadrilla to begin shale gas fracking in NW England next week

October 05, 2018 | Company Operations, Fracking, North Sea & Western Europe, Shale oil & gas

London, UK | — UK shale gas pioneer Cuadrilla Resources is to begin hydraulic fracturing at the first of its two horizontal shale gas wells at its Preston New Road site in Northwest England “in the next week,” the company said Friday. Once the fracking starts, it will represent the first such activity in the UK since 2011. The UK is increasingly dependent on gas imports, with Cuadrilla and its peers saying shale gas can go some way to reducing that dependence. “The start of hydraulic …

Halliburton aims for push-button fracking

August 23, 2018 | Company Operations, Products, Services & Techniques, Shale oil & gas

Houston, Texas USA | –  Automation has brought robots into fields onshore and offshore in search of leaks and to perform small tasks. It has also been used to automate drillpipe handling and for monitoring and diagnostics. Now Halliburton Corporation is bringing automation to the hydraulic fracturing process. The company envisions completing a full fracturing treatment with the push of a button, putting its surface treatment data such as treating pressure and proppant quantity with diagnostic subsurface data using technology to enable real-time analysis and …

U.S shale producers renew challenge to OPEC

November 28, 2017 | Shale oil & gas, United States & Canada

London, UK | –  U.S. shale producers have started adding more drilling rigs in response to rising oil prices and improving confidence about the outlook for 2018. Experience shows changes in the number of rigs drilling for oil in the United States tends to follow changes in WTI prices with a lag of about 16 to 20 weeks. The active rig count peaked in mid-August and then declined through September and October, in response to the earlier peak and fall in prices between February and …

Nigerian government approves national gas policy

July 05, 2017 | Government & Regulations, Nigeria, Shale oil & gas

Abuja, Nigeria | – Nigeria’s federal  cabinet has approved a national gas policy that aims to reduce the country’s dependence on crude oil by increasing gas exploration and facilities, the oil ministry said in a statement. The policy was passed in last week’s cabinet session but only made public on Wednesday. Nigeria has for decades relied on its ample supplies of oil to power its economy. But despite having a wealth of crude, the vast majority was sent overseas for refining, and the country instead …

ConocoPhillips to sell Canadian oil sands and gas assets

March 30, 2017 | Company Operations, Oil Sands, United States & Canada

London, UK | – ConocoPhillips has struck a deal with Cenovus Energy to sell oil sands and gas operations in west Canada, following in the footsteps of international oil major, Shell, which recently exited Canada’s oil sands industry, and Marathon Oil’s oil sands divestment. The Conoco deal is worth US$13.3 billion (C$17.7 billion) and includes Conoco’s 50-percent stake in the Foster Creek Christina Lake project, which the U.S. company ran together with Cenovus as operator, and most of its conventional offshore natural gas assets in the Deep …

America’s Anadarko to sell Eagleford shale assets in South Texas for $2.3billion

January 13, 2017 | Asset Acquisitions & Divestitures, Shale oil & gas, United States & Canada

London, UK | – American petroleum and natural gas exploration and production company  Anadarko has signed an agreement to sell its Eagleford Shale assets in South Texas, US to a strategic 50/50 partnership formed by Sanchez Energy and asset manager Blackstone Group for about $2.3bn. The sale, which is scheduled to be completed in the first quarter of 2017, includes about 155,000 net acres located next to Sanchez’s Catarina asset, about 100 miles southwest of San Antonio. Anadarko plans to use part of the proceeds …

Apache, Shell target Egypt for unconventional gas in June

March 15, 2016 | Egypt, Unconventionals

London, UK | – Apache Corporation  and Royal Dutch Shell plan to commence producing unconventional gas from their joint venture in Egypt’s Western Desert by the end of June even as Apache is cutting investment in the nation because of falling oil prices. Apache and Shell will start drilling the North African country’s first unconventional gas well in a pilot project by the end of March, Apache Egypt Region V.P. and General Manager Thomas Maher said in an interview in Cairo. Apache and Shell will …