This document provides an overview of unconventional oil and gas developments from around the world in 3 pages. Key points include:
- Shale gas developments in North America have revolutionized the global gas industry by reducing expected LNG demand and increasing domestic gas supplies.
- There is significant interest from oil and gas companies to replicate the successes of North American shale in other parts of the world like Europe, but development faces challenges due to different regulatory environments.
- European countries would benefit from additional gas supplies like shale, but opposition to drilling may arise due to higher population densities and environmental concerns over fracking practices. Development of shale gas outside of North America remains in its early stages.
Magellan Petroleum is executing a turnaround strategy focused on maximizing value from existing oil and gas assets in the US, Australia, and UK. Key assets include 22,000 acres in Montana's Poplar Dome, which has several near-term reserve development opportunities, and Australian natural gas assets generating long-term revenue. The company has $40 million in cash and a portfolio of assets positioned for improved cash flow and reserve growth through development activities and new contracts.
Unconventional Oil & Gas - 2011 Annual ReviewNewsBase
The document discusses developments in the unconventional gas industry in 2011, with a focus on the UK's emerging shale gas sector. It notes that Cuadrilla Resources is advancing shale gas operations in Lancashire, England, but that environmentalists are calling for scrutiny of fracking and a possible moratorium. It also discusses the intensifying fracking debate in the US after a Pennsylvania blowout and mentions other significant shale plays like the Haynesville and Utica.
Brazil\'s Congress has approved a legal overhaul of the oil sector, with the creation of a production-sharing contract system for future offshore subsalt projects
Qatar is set to complete its massive LNG expansion project in 2010, which will increase its annual LNG production capacity to 77 million tonnes. This will cement Qatar's position as the world's largest LNG exporter and support its continued strong economic growth. Demand for Qatar's LNG is high in emerging markets like China and India. By September 2010, Qatar will bring online the final two new LNG trains, completing its expansion and maximizing its LNG export potential.
Kuwait is seeking to boost its oil and gas industry after recent political issues led to delays and cancellations. The country approved a $107 billion development plan and Kuwait Oil Company outlined an $87 billion investment program. Kuwait aims to raise oil production capacity to 4 million bpd by 2020 through projects such as expanding the Burgan field and upgrading refineries. However, some doubts persist given past political interference, as Kuwait works to convince investors it can deliver on its ambitions.
EurOil 27th July 2010 - Toreador CEO on Hess JV in Paris BasinAndrew_Langlands
The document provides an overview of a shale oil joint venture between Toreador Resources and Hess in the Paris Basin in France. Key points:
- France has approved the joint venture, with Hess investing $120 million for a 50% stake in Toreador's exploration permits.
- The companies plan to drill their first well in Q4 2010 and drill almost continuously thereafter to evaluate the resource potential.
- Toreador's CEO expressed optimism about the venture's potential given the resource estimates and supportive regulatory environment in France.
- Infrastructure and land access are seen as advantages over some US shale plays, with a major refinery nearby to process any oil found.
Magellan Petroleum is executing a turnaround strategy focused on maximizing value from existing oil and gas assets in the US, Australia, and UK. Key assets include 22,000 acres in Montana's Poplar Dome, which has several near-term reserve development opportunities, and Australian natural gas assets generating long-term revenue. The company has $40 million in cash and a portfolio of assets positioned for improved cash flow and reserve growth through development activities and new contracts.
Unconventional Oil & Gas - 2011 Annual ReviewNewsBase
The document discusses developments in the unconventional gas industry in 2011, with a focus on the UK's emerging shale gas sector. It notes that Cuadrilla Resources is advancing shale gas operations in Lancashire, England, but that environmentalists are calling for scrutiny of fracking and a possible moratorium. It also discusses the intensifying fracking debate in the US after a Pennsylvania blowout and mentions other significant shale plays like the Haynesville and Utica.
Brazil\'s Congress has approved a legal overhaul of the oil sector, with the creation of a production-sharing contract system for future offshore subsalt projects
Qatar is set to complete its massive LNG expansion project in 2010, which will increase its annual LNG production capacity to 77 million tonnes. This will cement Qatar's position as the world's largest LNG exporter and support its continued strong economic growth. Demand for Qatar's LNG is high in emerging markets like China and India. By September 2010, Qatar will bring online the final two new LNG trains, completing its expansion and maximizing its LNG export potential.
Kuwait is seeking to boost its oil and gas industry after recent political issues led to delays and cancellations. The country approved a $107 billion development plan and Kuwait Oil Company outlined an $87 billion investment program. Kuwait aims to raise oil production capacity to 4 million bpd by 2020 through projects such as expanding the Burgan field and upgrading refineries. However, some doubts persist given past political interference, as Kuwait works to convince investors it can deliver on its ambitions.
EurOil 27th July 2010 - Toreador CEO on Hess JV in Paris BasinAndrew_Langlands
The document provides an overview of a shale oil joint venture between Toreador Resources and Hess in the Paris Basin in France. Key points:
- France has approved the joint venture, with Hess investing $120 million for a 50% stake in Toreador's exploration permits.
- The companies plan to drill their first well in Q4 2010 and drill almost continuously thereafter to evaluate the resource potential.
- Toreador's CEO expressed optimism about the venture's potential given the resource estimates and supportive regulatory environment in France.
- Infrastructure and land access are seen as advantages over some US shale plays, with a major refinery nearby to process any oil found.
AfrOil 19th Oct 2010 - Centric’s African rift frontier potentialAndrew_Langlands
Gabon has indefinitely postponed its 10th licensing round for oil and gas exploration blocks, throwing its plans to sustain production levels through ultra-deepwater exploration into question. The country cited environmental concerns following the BP oil spill in assessing security and environmental standards. Gabon needs production from new areas as its existing fields have been in decline for years. The delay is a disappointment to explorers hoping to explore Gabon's deepwater potential and sustain the country's economic development, which relies heavily on oil revenues. Existing players will have to sustain current production levels until the licensing round can move forward.
Геологія видобутку нафти і газу (Oil & gas production geology)Sergey Starokadomsky
The document provides an overview of oil and gas production geology. It discusses key elements of petroleum systems including source rocks, migration paths, reservoirs, seals, and traps. It also outlines the exploration and production cycle from prospect definition to field development and reservoir management. Different trap types are illustrated including anticlinal, fault, pinch out, and stratigraphic traps. The role of the production geologist in understanding reservoir geology and maximizing hydrocarbon recovery is also summarized.
The document discusses the effects of the recent sharp drop in oil prices. It notes that lower prices are good for consumers but have caused widespread disruption in oil markets. The price decline is squeezing producers, especially those producing high-cost shale oil in the US and heavy oil in Venezuela. Many oil service companies are laying off workers and cutting back operations. The future remains uncertain, as producers cut projects and exploration until prices stabilize at a higher level.
U.S. Oil & Gas plc (USOG) is an Irish company with oil and gas exploration leases in Nevada, USA. USOG drilled its first well, Eblana #1, in 2012, which produced small amounts of high quality crude oil. USOG is preparing a three-well drilling program to potentially book proven reserves of up to 19 million barrels of oil. If successful, USOG could become an oil producer, generating an estimated $16.7 million in net income in 2015. The company faces challenges in converting its exploration prospects to reserves and starting oil production, but an independent analysis valued USOG's Nevada assets at $38.7 million compared to its current $30.1 million
1) The Arctic holds significant oil and gas resources, estimated at 22% of the world's undiscovered hydrocarbons, though mainly consisting of natural gas.
2) Exploiting these resources is technically challenging and expensive due to the remote and harsh environment.
3) Countries like Norway have had some success developing Arctic resources through a pragmatic regulatory approach, but political and environmental opposition have stalled projects in places like Alaska and Greenland.
Transition Town Model: UK Industry Task Force Report on Peak Oilmcgarciavallejo
This report by the UK Industry Taskforce on Peak Oil & Energy Security provides two expert opinions on the risk of peak oil production. Both opinions agree that the era of "easy oil" is over and that global oil production will soon fail to meet growing demand. The taskforce considers a "descent" scenario, where global production steadily falls, to be highly probable. It fears a possible "collapse" scenario. The report expresses concern about infrastructure problems in the oil industry and calls for a mandate to mobilize low-carbon energy alternatives, to avoid over-reliance on high-carbon options like coal-to-liquids in response to peak oil risks. It argues that energy policy priorities may need reversal to adequately address the threat
- Civil unrest in Egypt has disrupted natural gas supplies to Jordan, further straining Jordan's economy and energy situation. Jordan once received 240 million cubic feet per day of Egyptian gas but is now only receiving around 80 million cubic feet per day.
- Jordan has faced protests from its citizens over high energy costs and unreliable supplies. It is building new gas storage and considering importing LNG to diversify its sources of energy.
- Border closures with Iraq have also periodically prevented oil shipments, highlighting Jordan's vulnerability to instability in neighboring countries.
The document provides an investor update from Penn West Energy Trust. It discusses Penn West's discovered petroleum initially-in-place (DPIIP), including that DPIIP is equivalent to original oil in place. It also notes that certain information in the presentation constitutes forward-looking statements and is subject to risks and uncertainties. Furthermore, the document summarizes Penn West's light oil and natural gas reserves, prospective acreage holdings in various plays, and its Cardium development program in west central Alberta.
Eia pakistan shale oil and gas potential summary for pbc 2013 ver2Abbas Bilgrami
The document discusses an assessment of shale oil and gas resources in 41 countries outside the United States. It summarizes that the assessment found 137 shale formations with substantial shale oil and gas resources. While the estimates will evolve as more data is collected, shale resources not previously counted as recoverable constitute a significant portion of global oil and gas supplies. It's important to distinguish technically recoverable resources from economically recoverable resources that can be profitably produced.
Magellan Petroleum is executing a turnaround strategy focused on maximizing the value of its existing oil and gas assets in the US, Australia, and UK. It has more than 10 million barrels of oil equivalent in net proved reserves across multiple projects. A key project is Poplar Dome in Montana, where Magellan has 22,000 net acres and several near-term opportunities exist to increase reserves through additional drilling and a planned CO2 enhanced oil recovery program. An experienced management team leads the turnaround effort to optimize operations and unlock value from Magellan's asset portfolio.
This document discusses shale development opportunities in Argentina, with a focus on the evolving supply chain to support shale gas and oil production. It provides an overview of Argentina's shale resources, particularly in the Neuquén Basin, and investments being made in the country by companies like YPF, Chevron, and Bridas to develop the Vaca Muerta shale formation. The document also examines requirements for imported goods and services to support Argentina's growing shale industry and the impacts this could have on domestic energy supply and potential for natural gas and natural gas liquid exports.
This presentation discusses Woodside's proposed Browse LNG development project. It contains 15.5 trillion cubic feet of gas and 417 million barrels of condensate reserves. The project would involve 3 deepwater trunkline units and 1 central processing facility offshore, connected to 3 LNG trains with a combined capacity of 12-13 million tons per year. A final investment decision is planned for the first half of 2013. The presentation emphasizes the quality of the development plan and Woodside's capabilities to execute a large LNG project.
This document provides an introduction to the upstream sector of the oil and gas industry. It defines the upstream sector as the exploration and production activities involved in searching for and recovering crude oil and natural gas. These activities include prospecting, exploration through seismic testing and drilling exploratory wells, and production through operating wells. The document also outlines the typical business cycle of upstream projects from licensing to production and provides some key industry statistics on reserves, production, and consumption. Useful sources of additional information on the oil and gas industry are also listed.
New base 27 september 2017 energy news issue 1076 by khaled al awadiKhaled Al Awadi
The UAE signed information exchange agreements with the UK and Canada on nuclear energy regulation and safety. The agreements allow for sharing of information on legislation, construction of nuclear facilities, and regulatory aspects of nuclear safety. Saudi Aramco is nearing completion of facilities for its first shale gas project in northern Saudi Arabia, which will supply gas to a phosphate mining project. Total acquired an option to purchase a 25% stake in an offshore oil exploration block in Guyana near areas with significant recent discoveries by ExxonMobil. A Dutch company confirmed an important natural gas discovery from an exploration well offshore the Netherlands.
Ghana has significant oil reserves that were first discovered commercially in the 1970s. Production was negligible until the 1980s and early 1990s when several foreign firms began prospecting and some initial production began. Ghana established the Ghana National Petroleum Corporation to promote exploration. Several upgrades were also made to oil refining and distribution infrastructure during this time period. More recent discoveries in the late 2000s significantly increased estimated reserves. Ghana now has over 5 billion barrels of oil reserves, making it one of the largest in Africa. However, production and distribution capacity has struggled to keep up with growing demand. Expanding and improving these areas remains an ongoing challenge.
AfrOil 19th Oct 2010 - Centric’s African rift frontier potentialAndrew_Langlands
Gabon has indefinitely postponed its 10th licensing round for oil and gas exploration blocks, throwing its plans to sustain production levels through ultra-deepwater exploration into question. The country cited environmental concerns following the BP oil spill in assessing security and environmental standards. Gabon needs production from new areas as its existing fields have been in decline for years. The delay is a disappointment to explorers hoping to explore Gabon's deepwater potential and sustain the country's economic development, which relies heavily on oil revenues. Existing players will have to sustain current production levels until the licensing round can move forward.
Геологія видобутку нафти і газу (Oil & gas production geology)Sergey Starokadomsky
The document provides an overview of oil and gas production geology. It discusses key elements of petroleum systems including source rocks, migration paths, reservoirs, seals, and traps. It also outlines the exploration and production cycle from prospect definition to field development and reservoir management. Different trap types are illustrated including anticlinal, fault, pinch out, and stratigraphic traps. The role of the production geologist in understanding reservoir geology and maximizing hydrocarbon recovery is also summarized.
The document discusses the effects of the recent sharp drop in oil prices. It notes that lower prices are good for consumers but have caused widespread disruption in oil markets. The price decline is squeezing producers, especially those producing high-cost shale oil in the US and heavy oil in Venezuela. Many oil service companies are laying off workers and cutting back operations. The future remains uncertain, as producers cut projects and exploration until prices stabilize at a higher level.
U.S. Oil & Gas plc (USOG) is an Irish company with oil and gas exploration leases in Nevada, USA. USOG drilled its first well, Eblana #1, in 2012, which produced small amounts of high quality crude oil. USOG is preparing a three-well drilling program to potentially book proven reserves of up to 19 million barrels of oil. If successful, USOG could become an oil producer, generating an estimated $16.7 million in net income in 2015. The company faces challenges in converting its exploration prospects to reserves and starting oil production, but an independent analysis valued USOG's Nevada assets at $38.7 million compared to its current $30.1 million
1) The Arctic holds significant oil and gas resources, estimated at 22% of the world's undiscovered hydrocarbons, though mainly consisting of natural gas.
2) Exploiting these resources is technically challenging and expensive due to the remote and harsh environment.
3) Countries like Norway have had some success developing Arctic resources through a pragmatic regulatory approach, but political and environmental opposition have stalled projects in places like Alaska and Greenland.
Transition Town Model: UK Industry Task Force Report on Peak Oilmcgarciavallejo
This report by the UK Industry Taskforce on Peak Oil & Energy Security provides two expert opinions on the risk of peak oil production. Both opinions agree that the era of "easy oil" is over and that global oil production will soon fail to meet growing demand. The taskforce considers a "descent" scenario, where global production steadily falls, to be highly probable. It fears a possible "collapse" scenario. The report expresses concern about infrastructure problems in the oil industry and calls for a mandate to mobilize low-carbon energy alternatives, to avoid over-reliance on high-carbon options like coal-to-liquids in response to peak oil risks. It argues that energy policy priorities may need reversal to adequately address the threat
- Civil unrest in Egypt has disrupted natural gas supplies to Jordan, further straining Jordan's economy and energy situation. Jordan once received 240 million cubic feet per day of Egyptian gas but is now only receiving around 80 million cubic feet per day.
- Jordan has faced protests from its citizens over high energy costs and unreliable supplies. It is building new gas storage and considering importing LNG to diversify its sources of energy.
- Border closures with Iraq have also periodically prevented oil shipments, highlighting Jordan's vulnerability to instability in neighboring countries.
The document provides an investor update from Penn West Energy Trust. It discusses Penn West's discovered petroleum initially-in-place (DPIIP), including that DPIIP is equivalent to original oil in place. It also notes that certain information in the presentation constitutes forward-looking statements and is subject to risks and uncertainties. Furthermore, the document summarizes Penn West's light oil and natural gas reserves, prospective acreage holdings in various plays, and its Cardium development program in west central Alberta.
Eia pakistan shale oil and gas potential summary for pbc 2013 ver2Abbas Bilgrami
The document discusses an assessment of shale oil and gas resources in 41 countries outside the United States. It summarizes that the assessment found 137 shale formations with substantial shale oil and gas resources. While the estimates will evolve as more data is collected, shale resources not previously counted as recoverable constitute a significant portion of global oil and gas supplies. It's important to distinguish technically recoverable resources from economically recoverable resources that can be profitably produced.
Magellan Petroleum is executing a turnaround strategy focused on maximizing the value of its existing oil and gas assets in the US, Australia, and UK. It has more than 10 million barrels of oil equivalent in net proved reserves across multiple projects. A key project is Poplar Dome in Montana, where Magellan has 22,000 net acres and several near-term opportunities exist to increase reserves through additional drilling and a planned CO2 enhanced oil recovery program. An experienced management team leads the turnaround effort to optimize operations and unlock value from Magellan's asset portfolio.
This document discusses shale development opportunities in Argentina, with a focus on the evolving supply chain to support shale gas and oil production. It provides an overview of Argentina's shale resources, particularly in the Neuquén Basin, and investments being made in the country by companies like YPF, Chevron, and Bridas to develop the Vaca Muerta shale formation. The document also examines requirements for imported goods and services to support Argentina's growing shale industry and the impacts this could have on domestic energy supply and potential for natural gas and natural gas liquid exports.
This presentation discusses Woodside's proposed Browse LNG development project. It contains 15.5 trillion cubic feet of gas and 417 million barrels of condensate reserves. The project would involve 3 deepwater trunkline units and 1 central processing facility offshore, connected to 3 LNG trains with a combined capacity of 12-13 million tons per year. A final investment decision is planned for the first half of 2013. The presentation emphasizes the quality of the development plan and Woodside's capabilities to execute a large LNG project.
This document provides an introduction to the upstream sector of the oil and gas industry. It defines the upstream sector as the exploration and production activities involved in searching for and recovering crude oil and natural gas. These activities include prospecting, exploration through seismic testing and drilling exploratory wells, and production through operating wells. The document also outlines the typical business cycle of upstream projects from licensing to production and provides some key industry statistics on reserves, production, and consumption. Useful sources of additional information on the oil and gas industry are also listed.
New base 27 september 2017 energy news issue 1076 by khaled al awadiKhaled Al Awadi
The UAE signed information exchange agreements with the UK and Canada on nuclear energy regulation and safety. The agreements allow for sharing of information on legislation, construction of nuclear facilities, and regulatory aspects of nuclear safety. Saudi Aramco is nearing completion of facilities for its first shale gas project in northern Saudi Arabia, which will supply gas to a phosphate mining project. Total acquired an option to purchase a 25% stake in an offshore oil exploration block in Guyana near areas with significant recent discoveries by ExxonMobil. A Dutch company confirmed an important natural gas discovery from an exploration well offshore the Netherlands.
Ghana has significant oil reserves that were first discovered commercially in the 1970s. Production was negligible until the 1980s and early 1990s when several foreign firms began prospecting and some initial production began. Ghana established the Ghana National Petroleum Corporation to promote exploration. Several upgrades were also made to oil refining and distribution infrastructure during this time period. More recent discoveries in the late 2000s significantly increased estimated reserves. Ghana now has over 5 billion barrels of oil reserves, making it one of the largest in Africa. However, production and distribution capacity has struggled to keep up with growing demand. Expanding and improving these areas remains an ongoing challenge.