Never mind that hydraulic fracturing was once again linked to an earthquake, this time a 4.0 tremor in Ohio on New Year’s Eve, the year 2012 kicked off in impressive fashion for the shale industry, which has been revolutionized by the controversial drilling practice. Undaunted by the environmental and geological challenges, two oil giants signed [...]
A U.S. energy producer is teaming up with a Wall Street investment firm on a joint venture to build a new plant to process gas from emerging shale gas fields in northeastern British Columbia. Texas-based Quicksilver Resources Inc. and Wall Street investment firm Kohlberg Kravis Roberts & Co. L.P. said Tuesday they will create the [...]
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 [...]
Environmentalists are ramping up their opposition to the shale gas developments in British Columbia’s northeast after successful campaigns that led to a moratorium in Quebec and a public inquiry by the U.S. Environmental Protection Agency. “They have chosen this as the next hill they want to go to, as far as having an argument over [...]
A new joint report on the shale gas potential of Northeastern B.C.’s Horn River Basin more than doubles a previous assessment of gas resources within the province. The report released today by Canada’s National Energy Board (NEB) and British Columbia Ministry of Energy and Mines (BC MEM) titled “Ultimate Potential for Unconventional Natural Gas in [...]
If there’s a formula for success regarding the engineering aspects of unconventionals drilling, Encana Corporation looks well placed to know what that formula is. At Shale Gas Eastern Europe 2011 in Warsaw, Poland, Encana’s Mike Graham, Executive VP and President, Canadian division, offered insights from North America’s largest independent natural gas producer, whose head office [...]
Nexen Inc., is acquiring a 40 percent working interest in ten of Marathon Oil Corp’s concessions in Poland’s Paleozoic shale play, where the company has 2.3 million acres. The U.S. Energy Information Administration has estimated that Poland holds Europe’s largest reserves of technically recoverable shale gas reserves at 5.3 trillion cubic metres, Marathon said it [...]
Quicksilver Resources has signed transportation deals that will allow it to scale up production from northeast British Columbia. The Houston-based unconventional gas producers, which was a pioneer in shale plays such as the Barnett field in Texas, has created an operating subsidiary to build the gathering pipelines needed to move the gas onto larger pipeline [...]
Nexen Inc. hired Bank of America Corp.’s investment banking unit to help it find partners to develop shale-gas reserves in British Columbia, Chief Executive Officer Marvin Romanow said. The Horn River region of northern British Columbia has as much natural gas as all of Alberta, Canada’s biggest energy- producing region, Romanow said during a call [...]
Obama’s State Department is pitching the new hydrofraking technology worldwide, and Halliburton is delighted. Over the past two years, a controversial new drilling technique has unlocked massive reserves of U.S. natural gas, transforming the prospects for domestic energy production. The State Department has begun promoting the technology abroad, saying that if it were adopted in [...]
