London-based petchem giant Ineos has increased its UK onshore oil and gas acreage by 10% last week, as its subsidiary Ineos Shale completed the acquisition of all UK onshore licence portfolio from French energy group ENGIE, Kallanish Energy learns.
HOUSTON – The $1.5-$2 trillion of canceled/postponed oil and gas projects worldwide over the last three years could come back to hurt the industry in terms of meeting demand, the heads of the International Energy Agency and OPEC said Tuesday.
Norwegian oil major Statoil plans for its U.S. shale operations to break even at $50 a barrel by 2018, thanks to continued cost reduction discipline, simplification in developments and technological improvements.
While the working-rig count continues climbing, and production per well is rising, there is an integral part of hydrofracking which gets little attention – but is going through its own activity ramp up.
British independent explorer, UK Oil & Gas Investments (UKOG), plans to reach commercial production from potentially two wells at its Horse Hill oilfield project by end-2018, Kallanish Energy learns from the company.
UK’s independent oil and gas explorer IGas announced Wednesday a potential investment of $35 million by London-based private equity fund manager Kerogen Capital dependent on a capital restructuring plan, Kallanish Energy learns.
China’s Sinopec has started construction of a shale gas research base near its largest commercial discoveries, the Fuling shale project, Reuters reported on Wednesday citing a report by Chinese state energy company CNPC.
Oklahoma's oil and gas regulator last week issued a wider directive limiting future increases in underground wastewater disposal, another effort to address numerous earthquakes that have occurred during the shale boom.
Argentina’s state-run oil company YPF has closed a preliminary $300 million deal with Royal Dutch Shell to jointly develop a new pilot project in Bajada del Añelo, in the Vaca Muerta Shale Play, Kallanish Energy learns from the company.