ExxonMobil plans to ramp up natural gas production from the Vaca Muerta shale play in Neuquen, Argentina, the governor of that province said. Neuquen Governor Omar Gutierrez said he met with senior executives of Exxon and its XTO unit in Houston, Texas, last week during a road show to promote a series of tenders for…
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Oil services company Halliburton Co said it had tapped BlackRock Inc for $500 million to help fund drilling in existing shale wells, the first such move by a major oilfield services provider at a time when oil producers are shying away from drilling new wells. The world’s No.2 oilfield services provider, which is in the…
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Tens of thousands of oil and gas wells have been drilled and hydraulically fractured in recent years as part of the shale boom that has spread across the US. Now improved techniques and with a few years of experience under their belts, the leading US oil field service companies are in the early stages of…
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Australian-based mining and energy major BHP Billiton has finally turned the corner on its once contentious investment in North American shale. Three years ago BHP spent $20 billion buying into US shale through a takeover of Petrohawk Energy and asset purchases from Chesapeake Energy to deliver 1.5 million acres of shale resource. Head office and…
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Saudi Aramco plans to produce 200 million cubic feet per day (cfd) of unconventional natural gas by 2018 to supply a new phosphate project and a power plant, an industry source told gulfnews.com. OPEC member Saudi Arabia aims to develop shale gas for power generation in order to save more of its crude oil for…
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Oil and gas field services company Schlumberger has introduced the BroadBand Sequence fracturing technique, which it says significantly increases productivity in unconventional reservoir completions. The technique enables sequential stimulation of perforation clusters in wells drilled in unconventional reservoirs. This new technique sequentially isolates fractures at the wellbore to ensure every cluster in each zone is…
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