Posts Tagged ‘unconventional’

Total, Gazprom and Tecpetrol to monetize Bolivia gas discoveries

Total made final decision to develop Incahuasi gas field The French major company, Total and its partners, Gazprom from Russia and Tecpetrol de Bolivia (Tecpetrol), made the final investment decision (FID) to develop the gas and condensate discoveries from Incahuasi in Bolivia. In a country where the production of natural […]

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One Day – One Country: Russia

Russia Key Projects and Business Highlights  In 2012, the newly elected President Putin managed to re-shape its oil and gas and petrochemical industry with number of strategic decisions to ensure that Russia will remain the largest producer of oil and gas in the coming years. President Putin based its economic program […]

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Chevron and YPF to explore tight oil and shale gas in Argentina

YPF and Chevron signed MOU in unconventionals YPF SA (YPF) the Argentina’s national oil company and the international oil company Chevron Corporation (Chevron) signed a memorandum of understanding to explore and develop the local unconventional resources in oil and gas. According to the US Energy Information Administration (EIA) Argentina is the […]

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Enterprise to build world’s scale PDH & PGP units in Texas

Enterprise to leverage its midstream Market Leadership with booming downstream in USA Enterprise Products Partners L.P. (Enterprise) is planning to build one of the world’s largest Propane DeHydrogenation (PDH) unit and Polymer Grade Propylene (PGP) unit in Texas, USA. These PDH and PGP projects are directly related to profitable development of […]

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Statoil to invest $210 million to enter Australian shale gas

Statoil and PetroFrontier signed deal on Southern Georgina Basin  Statoil ASA (Statoil) from Norway and PetroFrontier Corp. (PetroFrontier) from Canada have signed a binding “Farm-in Agreement” to farm into shale gas PetroFrontier’s four exploration permits (EPs) and two exploration permit applications (EPAs) in the Southern Georgina Basin, Northern Territory, Australia. In this Farm-in-Agreement, […]

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Tight Gas

Definition Tight gas is the name given to the unconventional natural gas because it is trapped in a very tight  underground hard rock, or sandstone or limestone formation that is unusually impermeable and non-porous called tight sand. Comments In a conventional natural gas deposit, once drilled, the gas can usually be extracted […]

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Rosneft and Statoil sign for Barents & Okhotsk Seas Exploration

After ExxonMobil and ENI, Rosneft extends its domino strategy to Statoil Rosneft and Statoil signed a cooperation agreement to jointly explore offshore and onshore fields in the Russian sections The cooperation agreement also provides Rosneft with an opportunity to acquire interests in selected Statoil exploration licences and assets in the […]

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