Royal Dutch Shell Plc, Europe’s largest energy company, will shift its investment focus to oil- rich shale in the U.S. because of lower natural-gas prices. “We are going to the lower end of our investment in the United States for shale gas,” Chief Executive Officer Peter Voser said today in an interview with Owen Thomas [...]
The boom in low-cost natural gas obtained from shale is driving investment in plants that use gas for fuel or as a raw material, setting off a race by states to attract such factories and the jobs they create. Shale-gas production is spurring construction of plants that make chemicals, plastics, fertilizer, steel and other products. [...]
Shell, Medanito and Gas y Petroleo del Neuquen S.A. (G&P) reached an agreement to explore unconventional oil and gas fields located in the Argentine province of Neuquén. The agreement provides an investment plan of up to $200 million over five years through a joint venture where Shell holds a sixty-five percent interest, Medanito twenty-five percent Medanito [...]
The Oil Shale Market 2011-2021 By: Matthew Jones, Visiongain Global oil shale resources are enormous, standing at around 4.8 trillion barrels according to the World Energy Council’s Survey of Energy Resources 2010 (WEC SER 2010). Though it is unclear precisely what percentage of these resources is recoverable, it is certain that global oil shale resources dwarf reserves [...]
Is there an exaggerated quality to the extraordinary projections and tens of billions of dollars pouring into shale gas, the newly available fuel that has shaken up markets and geopolitics? The answer is yes — estimates for global shale gas reserves and future production are all but certainly over the top; likewise, the world’s major [...]
Rejecting what it called an “inaccurate and misleading article,” Chesapeake Energy Corporation struck back at the New York Times. In this past Sunday’s edition, the Times accused the Chesapeake of exaggerating the productivity of shale gas wells and industry reserve estimates of future well performance. Aubrey K. McClendon, Chesapeake’s Chief Executive Officer, commented, “Chesapeake stands [...]
Shell is working to produce more natural gas and by 2012 our production will be more gas than oil, with production of gas trapped tightly in rock pores, known as tight gas, becoming a rapidly growing part of the picture. Tight gas is natural gas held in rock pores up to 20,000 times narrower than [...]
The recent Chinese-owned CNOOC investment in Chesapeake Energy‘s Eagle Ford shale holdings to the tune of $1.1 billion has led some people to ask whether or not the gas from the Texas shale will be sent overseas thanks to the new partnership. “Hardly,” says says Amy Myers Jaffe of Rice University’s Baker Institute for Public [...]
Enerplus Resources Fund, a Canadian oil and gas trust company, sold $405 million worth of oilsand leases this week in order to pick up some more US shale gas assets. Enerplus already has several investments in US shale plays, including undeveloped land in northwest West Virginia and Maryland that is prospective for Marcellus shale gas. [...]
A new article written by Altira Group‘s Dirk McDermott for the Greentech Media blog credits natural gas – including shale gas – as being a top-tier energy contender, a dramatic shift from its nearly-forgotten-about status less than a decade ago. The key to this “natural gas renaissance,” has been technology. “These new reserves have been [...]
