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Petrel Energy's associate Schuepbach Energy International expects to drill in late May or early June, the first two core holes at its Uruguay unconventional oil and gas play.The locations for the two core holes have been carefully selected to confirm basic reservoir parameters critical for oil generation...
In preview of Shell's LNG conference taking place in Houston this week - LNG 17 - Andy Brown, Upstream International Director, provided journalists a window into how Shell envisions the robust LNG market going forward, as well as the global outlook for gas. From his remarks...
Repsol has pressed charges against Chevron over “disloyal competition,” after the US company reached an agreement with its former Argentine branch YPF to conduct explorations in the Vaca Muerta reservoir, a company spokesman announced. A Madrid court has accepted the case, which complements...
Americas Petrogas provides an update on its shale oil and gas operations in Argentina. On the Totoral block (Americas Petrogas – 90% working interest and operator), the Company has completed all logistics and is about to perform an hydraulic fracture stimulation program, followed by...
Exxon Mobil Corp. and Celtic Exploration Ltd. have announced that Exxon will acquire Celtic’s oil and gas assets in Western Canada for CDN$3.1 billion (US$3.2 billion). Canadian affiliates of ExxonMobil, including Exxon Mobil Canada Ltd. and Celtic have entered into an agreement for the purchase...
The Utica Shale contains about 38 trillion cubic feet of undiscovered, technically recoverable natural gas (at the mean estimate) according to the first assessment of this continuous (unconventional) natural gas accumulation by the U. S. Geological Survey. The Utica Shale has a mean of 940 million barrels...
Risk management service provider Det Norske Veritas (DNV) has today launched its Recommended Practice for shale gas over the entirety of its life cycle, which aims to provide guidelines and policies for the safe extraction of shale. DNV says the Recommended Practice guide will help to ensure...
One of the biggest differences cited for why shale gas is successful in America, and may be less so in Europe, is ownership of mineral rights. The story goes something like this: the landowner in the US gives permission for the gas company to come in and set up their rig and frack for gas. Thus the noise...
Argentina's state-controlled YPF has made new shale discoveries in the provinces of Chubut and Santa Cruz, according to CEO Miguel Galuccio during the presentation of the company's new 2013-17 plan. The discoveries in the D-129 formation located in the Golfo San Jorge basin will be of "strategic...
Considerable uncertainty exists regarding the size of the economically recoverable U.S. shale gas resource base and the cost of producing those resources. Across four shale gas resource scenarios from the Annual Energy Outlook 2012 (AEO2012), natural gas prices vary by about $4 per million British thermal...