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Displaying 1 - 10 of 18 articles
Iran’s National Iranian Oil Company (NOIC) has started studies on shale gas and oil potential of the country. ‘Given holding huge conventional oil reserves in the country, we don’t need to invest on shale oil formations but Exploration Department should look at the future and plays...
Tap Oil said Monday that it has entered into a binding agreement with Rusa Resources Pty Ltd (Rusa) to participate in the exploration of a significant acreage position in the onshore Carnarvon Basin, Western Australia. Rusa holds full equity ownership in two special prospecting authority (SPA) applications...
PetroChina Co Ltd is looking to partner Royal Dutch Shell and Hess Corp to explore shale oil in Santanghu Basin in China's northwestern Xinjiang region, Reuters reported citing parent China National Petroleum Corp’s company-owned newspaper, China Petroleum Daily. 'The main goal of the cooperation...
Exoma Energy is set to commence its 2012 drilling program in the Galilee Basin, Queensland, to test the conventional and unconventional gas resources it discovered last year. The company along with its joint venture partner CNOOC will drill up to 22 wells across its 27,000 square kilometre acreage to...
China Petroleum & Chemical Corp, or Sinopec, will continue to invest overseas in unconventional natural gas and oil to boost its output and offset losses in its refining operations, China Daily reported citing a company official. The company plans to focus on unconventional energy sources like shale...
Strike Energy has been granted a trading halt by the ASX pending the release of a proposed capital raising, with the company's shares placed in pre-open, Proactive Investor Australia reported. Strike has not yet indicated where the potential capital injection will be allocated, but the company has some...
China Petrochemical Corp. or Sinopec plans to increase its shale gas output to at least 2 billion cubic meters a year by the end of 2015, China Daily reported. Company’s output will account for about a third of China’s total shale gas output. The company also plans to raise its spending...
Exoma Energy Limited has announced that it has found shale oil and gas potential at Toolebuc shale cores, the company said in a staement. The independent reports confirm the estimates of the potential hydrocarbons in place at Bessies-1 which Exoma announced in December. Exoma is meeting with CNOOC...
India is expected to start exploring for shale gas during the 12th plan (2012-17) in order to tap unconventional energy sources to meet its growing demand, Directorate General of Hydrocarbon (DGH) Director General S K Srivastava said Tuesday. Available data suggest that six basins -- Cambay...
Petrofrontier Corporation and Baraka Energy & Resources have announced the spudding of the McIntyre 2 well in the Georgina Basin. The well, at the EP127 block in Basal Arthur Creek Shale zone, will be drilled to a vertical depth of 770 metres, and then at least 500 metres horizontally into the shale...
