Tuesday, May 21, 2013
Displaying 1 - 10 of 37 articles
Iran has formulated drawn initial plans for exploration of unconventional oil and gas deposits in near future. Speaking to Fars News Agency on Sunday, National Iranian Oil Company (NIOC) Director for Exploration, Hormoz Qalavand said that initial planning for exploration of shale oil and shale gas has...
Imperial Energy, subsidiary of India's ONGC Videsh Ltd, is looking to boost output from its asset in Tomsk region of Western Siberia by betting big on shale oil. The Hindu Business Line reports that for this, Imperial is likely to rope in a global energy company as equity partner. Experiencing...
Vietnam Oil and Gas Group (Petrovietnam), the national oil company and Eni signed an agreement in Hanoi for the joint assessment of unconventional hydrocarbons potential of the country. The two firms will jointly look to evaluate coal bed metahne, shale gas, shale oil and tight gas potential of the country.
China’s Sinochem has bought 40% interest in Pioneer Natural Resources’ Wolfcamp shale play in the southern portion of the Spraberry Trend Area Field in Texas for a total price of $1.7 billion. Under the agreement, Sinochem will acquire approximately 82,800 net acres of leasehold...
Linc Energy has said that two separate independent reports confirm the presence of shale oil in the Arckaringa Basin, South Australia. The report by Gustavson estimated that the Stuart Range, Boorthanna and Pre-Permian unconventional reservoirs could host Unrisked Prospective Resources of 233 billion...
Algeria will offer foreign energy firms easier tax terms and other incentives under amendments to its hydrocarbons law passed by parliament on Monday, Reuters said. The changes, prompted by weak interest shown in bidding for Algerian oil and gas permits in recent years, come in the wake of an attack...
Japan Petroleum Exploration Co. (Japex) has bought additional stake in two shale oil acreages in Eagle Ford Shale play in South Texas. In August 2012, Japex had bought a 5% working interest in the project and it has now bought an additional 50% working interest of an additional 200 acres. The company...
Santos has executed a farm-in agreement in the McArthur Basin prospective shale gas and oil resource in the Northern Territory. The farm-in agreement with Tamboran Resources provides for Santos to earn up to 75% in Exploration Permits 161, 162 and 189 and 299...
China's National Development and Reform Commission has approved a shale-oil exploration project between China National Petroleum Corp. and a foreign partner in the northwestern Xinjiang Uyghur autonomous region, Dow Jones reported citing a statement on planning body’s website. The project is located...
Canada based East-West Petroleum Corporation, promoted by industrialist Herb Dhaliwal has expressed interest in exploring Assam’s shale oil and shale gas reserves, Press trust of India. “As Assam possesses huge potential we can rope in new technology to extract oil and gas from shale.