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BP abandons plans to develop US Utica shale

Oil major BP America is abandoning plans to develop the Utica shale, including mineral rights on 80,000 acres for which it paid more than $300 million just two years ago. The announcement came as it unveiled its first-quarter earnings in a news release and in a filing with the Securities and Exchange Commission. “Following on…

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Pipeline firm suspends project to connect US Appalachian shale gas to Gulf Coast

North American energy infrastructure firm Williams has suspended plans to build a pipeline from the US Appalachian shale gas fields to the Gulf Coast because of weak demand from drillers. Insufficient pipeline infrastructure has been a persistent challenge for shale gas drillers, but the Tulsa, Oklahoma-based company indicated its decision didn’t reflect a changing outlook…

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Shale gas exploration proves difficult for private firms in China

While state firms such as the China Petroleum and Chemical Corporation (Sinopec) have achieved large-scale production of shale gas in China, private firms are facing a bottleneck in exploiting the new natural gas, according to Guangzhou’s 21st Century Business Herald. “Starting from 2015, we are positive that we can produce 5 billion cubic meters per…

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US Marcellus gas production backlog spurs pipes heading south as well as north: EIA

US Marcellus gas production backlog spurs pipes heading south as well as north: EIA Increasing natural gas production in the Appalachian Basin’s Marcellus Shale play continues to outpace the growth in the region’s pipeline takeaway capacity, the US Energy Information Administration reports. This has led to supply backups in the Marcellus region, with new production…

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Australia could emerge as shale powerhouse, APPEA conference hears

The Australian energy sector is in the midst of a sea change, with investors retooling their strategies to focus on unconventional gas, industry officials said. Andrew Latham, VP of exploration for energy consultant group Wood Mackenzie, said Australian exploration is dominated by frontier areas and long-term natural gas projects, two areas where he said the…

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Shell, CNPC in long term shale collaboration deal

Royal Dutch Shell and state giant China National Petroleum Corporation (CNPC) have signed a long-term deal to collaborate on unconventional projects. The Anglo-Dutch major and its Chinese partner will also work together in the deep-water and liquefied natural gas spheres, as well as co-operate on other upstream and downstream projects, CNPC said. Co-operation documents were…

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