YPF, the Argentine oil company, is focusing on Vaca Muerta and a production boost by 2025.
The CEO of Argentina's state-owned oil company YPF, Horacio Martin, said that the firm expects shale production to rise by 30 to 40 percent next year. Marin said that YPF, during a conference call to discuss its financial results, will concentrate…
Exmar Commissions Tango FLNG
Belgian owner and operator of gas carriers Exmar has completed the commissioning of the 16,100 cbm Tango floating liquefaction unit (FLNG).The performance acceptance tests has been successful, the first cargo has been offloaded and will be exported out of Argentina…
New Sonatrach CEO: Foreign Partnerships Essential
Algeria's state energy company Sonatrach wants to develop its partnerships with foreign firms to boost output and exports, its new chief executive said on Wednesday, comments that could reassure investors a week after his appointment.Algeria…
Excelerate, TGS Join for Argentina LNG Export Study
Excelerate Energy and Transportadora de Gas del Sur (TGS) have provisionally agreed to jointly assess the viability of an LNG liquefaction and export project at Bahia Blanca in Argentina.Argentina currently imports liquefied natural gas (LNG) through two floating import terminals…
Ketelaars Takes the Lead for DNV GL - Oil & Gas in the Americas
Frank Ketelaars took up the position of Director of Region Americas in DNV GL – Oil & Gas on 1 October, as North America’s energy system undergoes a transition. DNV GL’s recently published Energy Transition Outlook shows significant shifts in US federal energy and climate change policies.
Tariff Fight Roils Argentina’s Shale Patch
Argentina needs oil rigs to develop its vast shale oil and gas resources. The United States has plenty of idle equipment laying around after its own unconventional drilling boom cooled. But moving that machinery from the plains of Texas…
Iran finds 2 bln barrels shale oil reserves in western province
Iran has found shale oil reserves of 2 billion barrels of light crude in its western Lorestan province, a senior official at the state-run National Iranian Oil Company (NIOC) was quoted as saying on Saturday. "Based on studies, it is estimated…
Gazprom Focuses on Global Shale Gas Industry
The Gazprom Board of Directors took notice of the information about the results of monitoring the shale gas industry evolution around the world. It was pointed out that nowadays the proven shale gas reserves across the globe were estimated at about five trillion cubic meters…
Pakistan Eyes Gas Imports, but Challenges Remain
Pakistan plans to install new gas import terminals and pipelines to underpin an economic revival linked to $46 billion in Chinese deals, but its ambitions are being undermined by poor planning, price uncertainty and security concerns, industry experts said.
Oil's Fall Rocks Already Reeling Polish Shale Gas Hopes
Poland, once Europe's greatest hope for shale energy, is reeling from a rapid change in fortunes as U.S. companies walk away and low oil prices postpone any realistic start to commercial drilling. Facing EU environmental targets in 2020 and beyond…
Chevron to Stop Shale Gas Exploration in Poland
U.S. energy major Chevron Corp said it will stop exploring for shale gas in Poland, a sector that has failed to live up to its early promise of transforming eastern Europe's energy supplies. Chevron's Polish unit "has decided to discontinue…
UK's Cuadrilla Hits Block in Local Shale Gas Planning
The start of shale gas production in Britain may be delayed after local government officials recommended on Wednesday that two fracking applications from Cuadrilla be rejected in a vote next week. Cuadrilla as planning to start shale fracking work at two sites in northwest England this year…
Ineos to Invest Big in UK Shale Gas
Swiss chemicals group Ineos announced on Thursday plans to invest $1 billion in shale gas exploration in Britain as efforts to emulate the U.S. shale boom ramp up. The potential investment, which is subject to the company winning all the…
Chevron's Romanian Shale Assessment Incomplete
Chevron says drilling/seismic analysis underway; Romania may have 51 trillion cubic feet of shale gas. U.S. energy major Chevron has yet to complete an assessment of Romania's natural gas potential from shale, it said, one day after the…
Poland Eyes Gas Hub to Ease Russia's Grip
Poland is taking steps towards creating a gas trading and transit hub in Central and Eastern Europe aimed at accomplishing what much of the region has failed to do: shake off almost complete reliance on Russian gas imports. Poland will open…
Estimate Cut for Poland Shale Gas
80 shale wells to have been drilled by late 2014; Initial forecast was for 100 wells. First commercial shale gas production still expected this year but large-scale production still years off. Poland is seeing less exploratory drilling for shale gas than expected…
German Environment Agency Calls for Rules Preventing Fracking
Germany's Environment Agency said it wanted to make fracking practically impossible to head off the risk that the technique for extracting gas could contaminate groundwater with chemicals. The agency's view, in a report on Wednesday, feeds…
Denmark to Join Shale Gas Quest in Europe
A town in northern Denmark has given the green light to French energy major Total to drill the first test wells for shale gas in the Nordic country where conventional gas output is dropping, a spokeswoman said on Thursday. Last year, Denmark…
ExxonMobil in Talks With Turkey Over Shale Gas Exploration
U.S. oil firm ExxonMobil is in talks with state-run Turkish Petroleum Corporation over a venture to explore for shale gas in the country's southeast and northwest regions, a Turkish energy official said. Exxon held talks with TPAO in 2012 to over a partnership in shale…
FTS International Enters China with Sinopec JV
FTS International said on Tuesday it has signed a 15-year joint venture with China's Sinopec Group in a first-of-its-kind partnership that brings the U.S. company's expertise in hydraulic fracturing to China's vast shale formations. Stymied by the cost and complexity of tapping shale gas…
