Offshore Shale News - page 3


Shell, CNPC sign global agreements

Apr 09, 2014

Representatives from China National Petroleum Corp. and Shell met on 8 April 2014 to sign global cooperation agreements. CNPC Chairman Zhou Jiping met with Shell CEO Ben van Beurden in Beijing where the pair signed agreements covering both company's unconventional resources…

Predicting pore pressure by modeling shale compaction

Jul 26, 2013

Shales are very fine-grained, clastic rocks that lose porosity through compaction. Sedimentary basins typically contain about 70% shale, Figure 1. Quantifying shale properties helps with predrill geologic and seismic interpretation, basin modeling…

Russia sets ambitious targets

Jun 14, 2013

Russia’s campaign to sell its energy wares throughout the Asia Pacific region continued at several US energy conferences this spring: IHS CERAWeek (March) and LNG 17 (April). Russia reiterated that it can curb production declines and ramp…

IOC production falls 25% in past 12 years

Apr 23, 2013

The crude oil production of five major international oil companies: Exxon, BP, Shell, Chevron, and Total, has fallen by 25.8% over the past 12 years. This follows an historic high in 2004, when total combined crude production reached 10.76 MMbo/d…

Overcoming the global weakness

Jan 09, 2013

During the past few years, annual change in global oil demand has been running 0.8-1%/year and the International Energy Agency (IEA) forecasts it to continue in that range in 2013 – well below the previous 20-year 1.5% average annual increase seen before the global banking crisis…

Platts: Frack water recycling a growing trend

Dec 26, 2012

Ecologix's mobile treatment systemEcologix CEO discusses frack water recycling Platts – Recycling of water used for hydraulic fracturing, or fracking, is a trend that will inevitably grow as companies realize that they cannot continue…

Canada OKs CNOOC, Petronas bids

Dec 10, 2012

Prime Minister Stephen HarperCanada grants approval for Nexen, Progress grabsThe Canadian government announced on Friday that it would approve two controversial investments in local firms by foreign state-owned companies.Minister of Industry…

Enbridge plans $6.2B expansion

Dec 07, 2012

Light Oil Market Access Program mapPipeline expansion targets light oil markets Enbridge Inc. has received shipper support to proceed with a $6.2 billion program to expand access to markets for growing volumes of North Dakota and western Canada light oil production…

Freeport acquires PXP, McMoRan

Dec 05, 2012

FCX specializes in copper and gold miningFreeport enters energy sector with $9B merger Phoenix-based copper and gold mining company Freeport-McMoRan (FCX) has moved to acquire subsidiary McMoRan Exploration as well as Houston-based Plains…

Study highlights job prospects for minorities

Dec 04, 2012

Photo: ExproMinorities to fill 35% of energy jobs by 2030API President and CEO Jack Gerard released a new report by IHS Global Insight showing the oil and natural gas industry is in a strong position to expand its workforce with minority employees…

Brazil to play key role in energy future

Oct 01, 2012

With massive investment and aggressive technology development required to match world energy demand in coming decades, South America’s ‘southern cone’ will have a big role to play. Russell McCulley reports from Rio de Janeiro.Thanks in large part to Brazil’s pre-salt discoveries…

Tight-gas horizontal well fracturing in the North Sea

Oct 01, 2012

The effective development of low-permeability tight gas reservoir resources requires operational efficiency to improve production performance. Erik Schrama, Robin Naughton-Rumbo and Fred van der Bas, Shell; Josef Shaoul, Fenix Consulting Delft…

Sailing close to the wind

Sep 01, 2012

A prediction of an oil price slump in less than a decade prompts Andrew McBarnet to onder on the prevailing wind currently favouring the marine seismic business.Possibly the most provocative oil industry analysis to surface in the last few months emanates from the portals of academia…

Open markets key to stability

Jul 01, 2012

Open markets can be a powerful ally for a world seeking to manage short-term disruptions to energy supply and meet long-term demand, BP group chief executive Bob Dudley declared at the June launch of the BP Statistical Review of World Energy…

US exploration spending, reserves rebound

Jul 01, 2012

The US oil & gas industry grew across several categories in 2011, including a 38% increase in exploration and development spending, according to new analysis from Ernst & Young. Russell McCulley reports.While total capital expenditures among…

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