A ban on fracking by the Western Australia Labor Party would hold until it was shown that fracking doesn't compromise the environment, groundwater, public health or contribute adversely to climate change.
The move, which became effective immediately, gives the U.K. officials the authority approve, or deny, shale exploration permits.
Armour holds vast shale oil and gas resources in northern Australia, mainly in the McArthur and South Nicholson basins.
Trailing only Saudi Arabia, Canada produces more oil than every other member of the Organization of Petroleum Exporting Countries.
Companies are focusing on enhanced completions among other techniques and technology to boost production in the Marcellus and Utica shale plays, but cluster efficiency remains an area of concern.
Energy Information Administration estimates Mexico has more than 60 billion barrels of shale resources. This would provide more than 35 years of Mexican oil supply at current U.S. production levels.
The well, which is 80 percent owned by Total and 20 percent by Denmark's state oil company Nordsofonden, confirmed the presence of gas but the thickness of the layer was smaller than expected.
Forty-seven companies have submitted applications for the oil and gas blocks.
PGNiG compared the German deposit’s potential to one of its biggest western Poland deposits - Lubiatow-Miedzychod-Grotow - which was initially estimated at around 7 million tonnes of oil, Reuters said.
The Kronos-1 well, jointly owned with Anadarko, discovered hydrocarbons at 3,720m at the well in the Fuerte Sur Block, Reuters said. Colombia is Latin America’s fourth-biggest oil producer.
Shale producers can save 30% of the drilling cost with walking rigs, which can move from one wellbore to another--10 meters in less than an hour, Reuters said.
OPEC’s monthly report said it expected no extra demand for its crude oil this year despite faster global consumption, because of higher-than-expected production from the U.S. and other non-members, Reuters said.
Where ACTIVATE has been used, operators see about an 80% increase in EUR per well and a 66% reduction in cost per barrel of oil equivalent from refracked wells verus new wells, Halliburton said in a news release.
Over the next 20 years, US$38 billion will be invested in Argentina’s Vaca Muerta Shale, Neuquen province governor said, Reuters reported. Lindero Atravesado and Bandurria fields will be developed.
EIA figures show production grew to about 584 Bcf in 2014 from about 475 Bcf in 2013.
Chancellor Angela Merkel's coalition government will discuss finalized draft law on hydraulic fracturing to extract gas and oil this month. Party leaders signaled that an agreement is possible, Reuters said.
Vorpal's Drill2Frac helps optimize fracturing operations through the optimal placement of perforation clusters. Enventure’s expandable ESeal Refrac Liner provides mechanical zonal isolation of existing perforations.
Saudi Arabia could pump 50 million cubic feet per day of shale gas in 2016, Reuters reported. Unconventional gas potential was appraised in the northwest, Eastern Province and Empty Quarter.
Conservative Prime Minister Tony Abbott said greenhouse-gas emissions would be cut up to 28% of 2005 levels by 2030, ahead of Paris global climate deal discussion, Reuters said.
The service companies made these offers to producers in bid to roll out new business line of refracking, in which existing wells are worked over to lift output, Reuters said.