Unconventional resources

ExxonMobil to increase, accelerate Permian output to 1 million barrels per day by 2024

Submitted by Mark Venables on Wed, 2019-03-20 17:45

20th March 2019

ExxonMobil has revised its Permian Basin growth plans to produce more than 1 million oil-equivalent barrels per day by as early as 2024 – an increase of nearly 80 percent and a significant acceleration of value.

BP transforms its US onshore oil and gas business

Submitted by Mark Venables on Fri, 2018-07-27 08:06

27th July 2018

BP transforms its US onshore oil and gas business

In a move that will upgrade and materially reposition its US onshore oil and gas business, BP has agreed to acquire a portfolio of world-class unconventional oil and gas assets from BHP.

Further support for US expansion of oil and gas production

Submitted by Mark Venables on Thu, 2018-02-15 07:04

15th February 2018

New US tax system positive foe unconventionals

The drama surrounding the proposed changes to the US tax system has finally run its course. The House and Senate reconciled their versions of the bills, and President Trump signed it into law.

Turning point for oil sands costs and competitiveness

Submitted by Editorial on Fri, 2016-01-15 11:22

15th January 2016

Costs were moderating prior to 2014-2015 oil price collapse, but realities of lower oil price could see shift in oil sands’ relative competitiveness with other key sources of supply.

Shale technology - the new ‘Swing’ producer that sets global oil prices?

Submitted by Mark Venables on Thu, 2015-08-20 07:21

20th August 2015

The emergence of shale technology, particularly in the US, is dramatically challenging the conventional rules of the global oil markets

Oil sands will continue to be a leading source of global oil supply

Submitted by Mark Venables on Mon, 2015-07-13 09:17

13th July 2015

Vast size of the resource, openness to private capital and proximity to world’s largest economy among reasons oil sands growth expected to continue

Unconventional techniques could unlock 141 billion barrels, IHS says

Submitted by Mark Venables on Thu, 2015-05-14 03:35

14th May 2015

More than 170 plays identified, and three examples from France, Tunisia and China illustrate techniques operators are already trying to revive old plays

Gazprom Neft drills first tight oil Achinsk field well in Russia

Submitted by Paddy Harris on Fri, 2015-05-08 11:28

08th May 2015

The first exploratory well has been drilled at the Achinsk field (Tomsk Oblast, under development by Gazprom Neft subsidiary Gazpromneft-Vostok), part of a federal project to establish a regional testing ground to identify effective technologies for the development of hard-to-recover (tight) reserves

Wintershall begins own-operated Argentina shale exploration programme

Submitted by Editorial on Wed, 2015-03-18 10:22

18th March 2015

Wintershall has launched its first own-operated exploration well in Argentina in the in Aguada Federal block in the province Neuquén

Lion given green light for unconventional hydrocarbon search in Indonesia

Submitted by Paddy Harris on Mon, 2015-03-02 09:49

02nd March 2015

Lion Energy has received formal approval from the Directorate General of Oil and Gas (MIGAS) of the award of two separate unconventional joint studies over two highly prospective areas in Indonesia’s North and Central Sumatra Basins