New Brunswick’s relatively untapped shale gas reserves are creating quite the stir and the province’s biggest corporate players are arguing they can operate without damaging the environment. Senior representatives from SWN Resources Canada, Corridor Resources and Contact Exploration wrote in separate opinion articles for CBC News that they believe the province could prosper if the [...]
The natural gas industry is undergoing continuous growth on a global scale. One of the many factors reshaping the energy market is the potential represented by substantial reserves of shale gas in North America. Their effect on use and demand, in terms of lower prices and environmental advantages, is likely to drive ongoing expansion. Mexico [...]
Nexen Inc. has announced a $700-million deal with Japan’s largest oil and gas company to develop its shale gas lands in northwestern British Columbia, with tentative plans to build a liquefied natural gas export terminal on the west coast. In a release early Tuesday, the Calgary-based oil company said it will sell a 40 per [...]
New Brunswick’s relatively untapped shale gas reserves are creating a high level of interest from the gas industry even as the provincial government struggles to quiet the public discontent over the industry’s future. New Brunswick has an estimated 80 trillion cubic feet of gas locked more than a kilometre beneath the ground in the Frederick [...]
Repsol YPF expects the production of the Margarita natural gas fields in Bolivia to reach 14 million cubic meters in 2014, a significant increase over 2011 levels of 3 million cubic meters and the 9 million cubic meters expected in April 2012. The company plans to invest over $1 billion in two phases to expand [...]
Cheniere Energy will sell all the capacity at its proposed Sabine Pass LNG plant by April. “We will be sold out by April – all four trains. We have a very large number of parties that we are negotiating with,” Cheniere’s Charif Souki told Reuters. Houston-based Cheniere plans to begin construction on the $5 billion [...]
J. Larry Nichols, executive chairman of Devon Energy, says hydraulic fracturing for natural gas is not responsible for Oklahoma earthquakes and has never contaminated groundwater. Nichols says that hydraulic fracturing has become like the Sputnik satellite launched by the Soviet Union in 1957 — the source to some of “every evil known to man,” including [...]
The government of Bolivia postponed a study to define the limits of a large natural gas field operated by Repsol YPF, whose presence is disputed in two regions in the southern part of the country. Carlos Villegas, President of Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) said Wednesday at a news conference that neither of the two supporting companies ”meet technical, legal and economic requisites” [...]
Andes Energía plc (AEN) announced that the exploratory well MMox1 on the Mata Mora concession in the Neuquén province was successfully drilled, cased and cemented to a total depth of 3,151 metres. The well confirmed a pay thickness of 136 metres in the Vaca Muerta formation and the presence of oil and gas. The Vaca [...]
Unlike the increasingly unpopular coal industry, natural gas seems to be making friends in Washington. Even so, Washington energy officials are calling on shale gas operations to do more as domestic energy providers. In a release accompanying 20 recommendations for shale gas drillers, the U.S. Department of Energy’s Secretary of Energy Advisory Board Shale Gas [...]
