State-run Oil India Limited (OIL) is expected to form a joint venture with a US-based shale gas company to acquire shale gas assets globally, reports The Economic Times. Though OIL hasn’t said which US company the joint venture would include, the agreement will help OIL access shale gas not only around the world, but also [...]
He’s a 91 year-old oil tycoon who has been touted by the industry as the “father of shale gas.” George P. Mitchell, founder of Mitchell Energy & Development Corp, is the man who pioneered shale gas drilling in the US by developing the hydraulic fracturing technique that has triggered a shale boom in America, and [...]
Search for Oil Alternative, Based on National Security, Goal of Clean Energy There is a new source of energy which is really a primary focus of the State Department right now,” said David Goldwyn, U.S. State Department Coordinator for International Energy Affairs. “And that’s natural gas”. In an interview with Voice of America, Goldwyn says [...]
Days after a Global Shale Gas Initiative Conference held in Washington, DC where the United States pledged to help major economies such as China and India develop shale gas, the US State Department sponsored the visit of another group of international visitors who have their eyes on shale gas. Representatives from Armenia, Bulgaria, China, India, [...]
After two days of talks with twenty nations from around the world, the United States offered to help major economies such as China and India develop shale gas. US officials believe that developing shale gas would provide fast-growing energy sectors in these countries with a cleaner alternative to coal, according to AFP. Aside from being [...]
Penn West Energy Trust has announced an agreement with Mitsubishi Corporation to form a joint venture to accelerate the exploration and development of Penn West’s significant shale gas assets in the Cordova Embayment area of northeastern British Columbia. Penn West stated that since 2006, it has accumulated a significant shale gas position in the Cordova [...]
ExxonMobil subsidiary XTO is set to begin drilling Dallas’ first shale gas well, which is located in the Barnett Shale play. Compared to the rest of Texas, Dallas has not jumped on the shale gas boom as quickly as other cities, mostly because experts say there is less gas in Dallas than in other parts [...]
An article from Barrons discusses how the recent discoveries of vast shale deposits in the United States and potentially other markets, is proving a bonanza for Helmerich & Payne and its high-tech FlexRigs. The Tulsa, Okla. based the dominant supplier of high-performance drilling rigs able to extract gas from the shale pocket, announced last month [...]
As the U.S. shale gas revolution enters its third year, companies are making big bets to try to recreate that success with the billions of barrels of oil locked in the sedimentary rock even though geologists doubt the actual production potential. New technology has enabled companies to extract gas from previously uneconomic shale plays, triggering [...]
Three privately owned U.S. natural gas operators are up for sale and looking to tap into major energy companies’ demand for shale gas, the Wall Street Journal reports. Dallas-based Chief Oil & Gas, an active operator in the Marcellus Shale play; Dallas-based Talon Oil & Gas LLC, who has operations in three Texas regions; and [...]
