Archive for the ‘Unconventional Resources’ Category
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…
The US Energy Information Administration forecasts crude oil production from seven major shale formations will climb 80,000 b/d in May to a record 8.46 million b/d, EIA said in its Monthly Drilling Productivity Report.
Scotland delays frac policy clarification
March 27th, 2019 by Latest News
Clarification of Scotland’s policy on hydraulic fracturing of oil and gas wells again has been delayed. In response to a parliamentary question, Energy Minister Paul Wheelhouse announced an 8-week public consultation on the completion method, beginning…
PetroRio is now operator of Frade field, a heavy oil and gas field in Brazil’s Northern Campos basin, following the close of its acquisition of Chevron Brasil Upstream Frade. With the deal, PetroRio adds Chevron’s 51.74% stake in the concession to its …
Canadian oil sands production in 2019 will be almost 230,000 b/d lower than last year, according to ESAI Energy’s recently published North America Watch. Planned Canadian oil sands projects are being pushed back in response to further delays in pipelin…
Imperial Oil Ltd. said its recent decision to slow development of its Aspen in situ oil sands project will delay the project’s expected production start by at least a year given the limited winter drilling and site preparation season. The decision to s…
Communities that have depended economically on coal are facing impacts now that communities that similarly rely on oil and gas will face in the future, speakers suggested at a Columbia University School of International and Public Affairs event. Such c…
Argentina plans to build natural gas pipelines and hopes to attract more oil and gas investment for the Vaca Muerta shale play in the Neuquen basin, according to Argentina Energy Minister Gustavo Lopetegui. Analysts estimate Vaca Muerta needs investmen…
IEA: US to drive global oil supply growth; no peak oil demand in sight
March 11th, 2019 by Latest News
Global oil markets are going through a period of extraordinary change, according to the International Energy Agency’s annual oil market forecast, Oil 2019. The US will drive global oil supply growth over the next 5 years thanks to the remarkable streng…
The US will soon export more oil and liquids than Saudi Arabia, driven by the continued rise in oil production from US shale plays and the increased oil export capacity from the Gulf Coast, according to Rystad Energy. The US Energy Information Administ…