Whether it is in shales, tight sands or CSG, the number of international oil companies jumping into the Australian plays to 'crack the code' is increasing along with spending.
The unconventional revolution is making a big impact, bringing benefits along with concerns.
Companies are eyeing the country for its conventional and unconventional shale potential.
Drillinginfo CEO shares how ‘integration, automation and quantification pave a black gold road to the future.’
A survey implies the oil and gas industry is underutilizing social media to communicate with the public, specifically concerning fracking.
The industry is divided on hydraulic fracturing technology. An objective view is needed to sort out the confusion and decide on best processes.
Developers of a new technology say the process can remove nearly all organic materials from produced water.
A polymer, which replaces guar in fracing fluid, has been utilized by Halliburton in Magnum Hunter’s wells in the Eagle Ford, resulting in higher flow back and improved production.
China’s end-of-decade shale gas production target was reduced to around 30 Bcm, about one-third the original goal. There is difficult geology, lack of infrastructure and limited exploration rights, Bloomberg said.
According to Reuters, the United Arab Emirates-based company did not provide a timetable or prospect for finding oil or gas in the Mediterranee Ouest area.
Companies still need to match the need for capital and the degree of risk tolerance to the type of capital the companies use.
With the huge number of wells required for shale gas or coal-bed methane development, companies are implementing lean manufacturing models for these “gas factories.”
Problematic areas have included perforation issues, loss of fracture length, and sometimes wellbore connectivity.
Data integration and analysis over a shale play provides clear indications of where to drill and what technologies to utilize.
Study indicates loss of conductivity, surface area, and continuity over time.
With trillions of cubic feet of natural gas reserves trapped in unconventional formations, countries worldwide are clamoring for North American technology to unlock those resources.
With an estimated 50% of perforation clusters and 25% of stages not contributing to production from wells in all of the major shale plays, Schlumberger is focused on reducing the number of defective wells and improving completion quality.
Weatherford’s OmniWel in-well optical production and reservoir monitoring systems will combine with OptaSense’s DAS technology to improve reservoir management/ EUR. Technologies include DAS-VSP vertical seismic profiling, DAS-HFP hydraulic fracture monitoring.
China holds 31.2 Tcm (1,115 Tcf) of estimated technically recoverable shale gas reserves.
Integrating geomechanics with drilling fluid design successfully mitigates time-dependent wellbore instability in Middle East fields.
Australia has the seventh-biggest potential shale gas resources and sixth-biggest shale oil resources, EIA said, according to Bloomberg. Chevron’s recent pullout from Nappamerri Trough signals the country’s overall shale challenges.
Apache will cut the number of rigs it uses to drill for oil by 70% by the end of the month, the company said Thursday in a statement.
Further investment would follow if the company moved into development and production.
Around 150 to 200 employees and contractors will be laid off, Talisman spokesman Brent Anderson said, and employees will be notified beginning this week, Reuters said.
Saudi Arabia’s shale development could replace the equivalent of 900 Mbbl/d of crude and fuel oil used for electricity. Saudi Aramco's LinkedIn ad for a shale-experienced petroleum engineer drew 160 applicants in a month, Reuters said.
Mitchell’s use of hydraulic fracturing in North Texas changed the industry.
South Africa’s semi-desert Karoo region may hold as much as 390 trillion cubic feet of shale gas, which the government wants to tap to alleviate energy shortages, Bloomberg said.
The Maritime province's government requires five conditions be met before the one-year moratorium is reconsidered or lifted. Regulations cover environment and health, wastewater, aboriginal relations and social license, Reuters said.
The U.K. lifted a moratorium in December 2012, but no fracking has taken place, Bloomberg said. Scotland and Wales temporarily banned the method while studying environmental safeguards.
Tanzania could hold 53.28 Tcf of gas, and this estimate could increase four-fold in five years. But the country’s parliament has not yet passed legislation governing the hydrocarbons industry, Reuters said.
For the Netherlands, the EU's biggest gas producer, less gas could reduce national income by almost 2 billion euros ($2.1 billion), according to the Ministry of Economic Affairs, Bloomberg said.