Maria van der Hoeven

Unconventional oil revolution to spread beyond North America by end of decade: EIA

The unconventional supply revolution that has redrawn the global oil map will likely expand beyond North America before the end of the decade, the International Energy Agency (IEA) says in its annual five-year oil market outlook. The report also sees global oil demand growth slowing, OPEC capacity growth facing headwinds, and growing regional imbalances in…

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Test fracking for shale gas gets the go ahead in Western Australia

Western Australian oil and gas firm Buru Energy has effectively been granted state government approval to test frack for shale gas in the Canning Basin, a vast and semi-arid area of the Kimberley region in the state’s north west. Earlier approval, granted the Environmental Protection Authority (EPA), was ratified by Environment Minister Albert Jacobs when…

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Shale gas a game changer for South African economy: President Zuma

South Africa’s President Jacob Zuma in Tuesday’s State of the Nation address pledged to “jump start” the economy and said that a key element in these efforts was the need to “respond decisively” to the country’s energy constraints. The situation “calls for a radical transformation of the energy sector, to develop a sustainable energy mix…

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Williams, Access pipeline merger part of scene enabling robust US shale gas production

Williams Partners LP is proposing a merger with Access Midstream Partners LP after a $6 billion buyout that would create one of the biggest US transporters of oil and natural gas. Williams Cos., the company that controls Williams Partners, agreed to buy control of Access Midstream from Global Infrastructure Partners II, Williams said in a…

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Review of World shale development potential: Argentina with nose in front for now: Accenture

In a comprehensive review of the potential for the development of the shale gas industry outside the US, global management consultants Accenture believe that Argentina is the most promising market today, but cautions this may change depending on how other markets address key development factors. They argue that it is possible, for example, that Australia,…

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Sinopec targets China shale gas resources with leverage from joint ventures

Oil and gas giant China Petrochemical Corp (Sinopec)’s two recent joint ventures deals with overseas drilling technology firms may well pave the way for technology transfers to unlock the the country’s vast untapped shale gas resources. Analysts told the South China Morning Post that Sinopec’s drilling services ventures with Switzerland’s Weatherford International and FTS International…

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US Permian producers target shale as new technology revives legacy oil field

Horizontal drilling last year overtook vertical drilling in West Texas’ Permian basin as new technology and high oil prices rejuvenated the legacy oil play and independent operators like Pioneer Natural Resources and Approach Resources tapped into shale formations previously considered uneconomic. “The Permian is one of the hottest regions in North America right now,” Benjamin…

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