Findings from a U.S, Congressional probe examining hydraulic fracturing techniques has found that several energy companies may have violated environmental rules. The probe initiated by House of Representatives’ Energy and Commerce Committee found that oil services firms such as Halliburton and BJ Services, which was bought by Baker Hughes Inc., injected millions of gallons of [...]
If you liked what horizontal drilling and fracture stimulation did for shale gas plays, you’ll love what they are doing for tight gas. Case in point: the Granite Wash. The Granite Wash has been an active play for decades – but lately, it’s become REAL active. This decades-old tight-sands play about 160 miles long and [...]
Chesapeake Energy Corporation and CNOOC Limited have announced an agreement whereby, a wholly-owned subsidiary of CNOOC Limited, will purchase 33.3% undivided interest in Chesapeake’s 800,000 net oil and natural gas leasehold acres in the Denver-Julesburg (DJ) and Powder River Basins in northeast Colorado and southeast Wyoming. The consideration for the transaction will be $570 million [...]
The New Brunswick government is moving forward with shale gas exploration. Returned from a tour of shale gas operations in Arkansas, Natural Resources Minister Bruce Northrup commented, “I think it’s going to be the best thing that happened to New Brunswick in a long, long time,” said Northrup. “But we want to do it right, [...]
Unconventional gas will account for 57% of US production by 2030; CBM and shale to account for almost half Chinese output growth BP has added its voice to the chorus, saying an unconventional energy age is upon us. The firm believes that, within the next two decades alone, shale and other new gas sources could [...]
In its long-term energy outlook for 2030, Exxon Mobil Corp. forecasts that natural gas will surpass coal as an energy source. The outlook for rising demand “reflects improving living standards for people around the world,” CEO Rex Tillerson said. Demand is expected to jump 75 percent in China, the world’s most populous nation, where millions of people are buying cars and various home [...]
Investment firm Kohlberg Kravis Roberts & Co. has acquired Barnett Shale properties from ConocoPhillips as part of an investment made by KKR Natural Resources. KKR said the properties are located in North Central Texas. KKR Natural Resources is a partnership formed last year with Premier Natural Resources to pursue investments in North American oil and [...]
India’s biggest energy explorer Oil & Natural Gas Corporation (ONGC) has discovered the country’s first shale gas reserve at Durgapur in Burdwan district of West Bengal. at a site spread over an area of 1250-1300 sq km. The ONGC, which began its exploration of the Damodar basin last September in India’s first such experimental project, [...]
Quebec’s oil and gas industry have turned to high-profile former provincial politician to help in dealings with both provincial authorities and the general public. On Tuesday, former Parti Quebecois premier Lucien Bouchard was appointed by the province’s oil and gas association to lead the industry’s lobbying efforts. The image of the shale gas industry has [...]
The world may have twice as much natural gas than previously thought, according to the rich nations’ think tank the International Energy Agency (IEA). The world may have 250 years of gas usage at current levels thanks to “unconventional gas” from shale and coal beds, Anne-Sophie Corbeau, senior gas expert at the IEA told BBC [...]
