Archive for the ‘Unconventional Resources’ Category
ExxonMobil proceeds with Vaca Muerta expansion
June 11th, 2019 by Latest News
ExxonMobil Corp. announced plans to proceed with long-term oil development on Bajo del Choique-La Invernada block within Argentina’s Vaca Muerta basin. The project is expected to produce as much as 55,000 boe/d within 5 years. The project will include …
CAPP: Oil, gas investment should double
June 5th, 2019 by Latest News
The Canadian Association of Petroleum Producers seeks federal support for a doubling over the next 4 years of now-slumping investment in Canada’s oil and gas industry. The group made conditions supporting such a recovery part of wish list for the next …
Canadian oil sands production growth is slowing, yet total production is expected to reach nearly 4 million b/d by 2030—nearly 1 million b/d more than current levels—according to a 10-year production forecast by IHS Markit. The business information pro…
Oil from US shale on track to rise 16% in 2019
May 21st, 2019 by Latest News
US shale operators are on course to increase oil production markedly in 2019. The growth in US onshore production from the first quarter through the fourth quarter could come in at around 1.1-1.2 million b/d, or 16% for the full year, according to Ryst…
Bitumen feed delayed for Alberta refinery
May 20th, 2019 by Latest News
North West Redwater Partnership (NWRP) has delayed introduction of bitumen feed from Alberta’s oil sands at the first 80,000-b/d phase of its proposed three-phased greenfield bitumen refinery in Sturgeon County, about 45 km northeast of Edmonton, Alta.
Members split along party lines on May 16 as a US House Natural Resources Committee subcommittee considered whether US above-ground and underwater supplies are protected adequately from potentially damaging leaks or spills from onshore oil and gas expl…
Total production in Canada’s Montney play will likely reach 10 bcfd of natural gas equivalent this year, an increase of 16% from 2018, and is forecasted to reach 20 bcfed by 2030, driven by rising liquids yield across various sub-plays, according to Wo…
Blackrock well cuts thin oil sands off UK
May 14th, 2019 by Latest News
The Blackrock exploration well 204/5b-2 in the West of Shetlands area proved the existence of intravolcanic charged reservoirs between undeveloped Cambo and Rosebank oil fields, reports Siccar Point Energy, the operator. The Diamond Ocean GreatWhite se…
Future advances in technology will help offshore oil and gas development compete with US shale plays, said one of two oil-company keynote speakers May 6 at the Offshore Technology Conference in Houston.
Report: Pipeline constraints to moderate Canadian oil sands production growth
May 2nd, 2019 by Latest News
The cost of building and operating oil sands projects has fallen in recent years and total oil production is expected to rise by another 1 million b/d by 2030, but external factors—such as price uncertainty caused by pipeline constraints—are contributi…