China Petroleum & Chemical Corp. (Sinopec) said on Tuesday it has approved development plans for its Shunbei onshore oil and gas field, in the country’s northwest region, with commercial production expected by 2020.
Offshore oil drilling and oilfield services (OFS) companies, hurt by the energy industry’s move to lower-cost shale and away from deepwater projects, are dominating 2017’s North America energy bankruptcies, according to law firm Haynes and Boone.
A global liquefied natural gas (LNG) supply glut may soon be offset by rapid demand growth, Peter Botten, CEO of Oil Search, the largest oil and gas exploration and development company incorporated in Papua New Guinea, said Wednesday.
The U.S. resurgence in oil and gas production, deep declines in the cost of renewables and growing electrification are changing the face of the global energy system and upending traditional ways of meeting energy demand, the IEA said on Tuesday.
The International Energy Agency (IEA) said on Tuesday the U.S. shale oil and gas revolution will change the energy system in the next two decades, with the country becoming the world’s largest liquefied natural gas (LNG) exporter by mid-2020s, Kallanish Energy reports.
Calgary-based midstreamer Keyera Corp. announced plans this week to construct the $120 million North Wapiti Pipeline System, providing infrastructure and services to producers developing the Montney Shale play north of the Wapiti River.
Chevron Canada has announced its intention of developing 55,000 acres in the liquids-rich East Kaybob Duvernay area of west-central Alberta. It is the first Canadian shale project advanced by Chevron Canada, a subsidiary of oil giant Chevron, Kallanish Energy reports.