SABIC eyes entry into US shale gas

Petrochemicals giant Saudi Basic Industries (SABIC) is in talks with companies to enter the US shale gas market, according to a report. The Riyadh-based company expects to enter the market sometime this year, Reuters quoted chief executive Mohamed al-Mady as saying. “We’re currently in talks with a few big names in the US for investment…


Best Practice Marcellus shale development certification program starts

The Pittsburgh-based Center for Sustainable Shale Development (CSSD), a collaborative between energy companies and environmental organizations to encourage responsible development of shale gas resources in the US Appalachian region, said its independent third-party certification and verification program is now accepting applicants. The program aims to enforce tough but voluntary standards for fracking and related activities. All producers…


Khulud tight gas pilot to shape strategy for unconventional gas exploration, development in Oman

Petroleum Development Oman (PDO) is moving aggressively to explore and develop unconventional gas accumulations within its Block 6 concession — an effort, while potentially promising, is fraught with immense challenges, according to its managing director reported by the Oman Daily Observer. Raoul Restucci (pictured) said the majority government-owned company’s ambitious foray into unconventional gas plays…


Shall, Gazprom start exploratory shale drilling in Siberia’s Bazhenov layer

Royal Dutch Shell and OAO Gazprom Neft began drilling to assess the potential of Siberia’s Bazhenov formation, reckoned to be one of the world’s largest deposits of shale oil. Salym Petroleum Development, a joint venture between Shell and Gazprom Neft, has started drilling the first of five horizontal wells over the next two years that…