Technically Recoverable Shale Oil and Shale Gas Resources: An Assessment of 137 Shale Formations in 41 Countries Outside the United States

This report provides an initial assessment of shale oil resources and updates a prior assessment of shale gas resources issued in April 2011. It assesses 137 shale formations in 41 countries outside the United States, expanding on the 69 shale formations within 32 countries considered in the prior report. The earlier assessment, also prepared by…

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World Energy Council: growth in 2012 demand for gas outstrips coal. Are we looking to the ‘Golden Age of Gas’?

The following is a summary of the Chapter on Natural Gas in the World Energy Council’s World Energy Resurces Report released yesterday at the World Energy Congress in Daegu, South Korea “In 2012, for the first time in many years, the growth in global gas demand outstripped that of coal. Despite the current economic difficulties,…

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China’s CNOOC plans to double LNG import capacity by 2015

SINGAPORE, Sept 25 (Reuters) – China National Offshore Oil Corp (CNOOC) expects to add five liquefied natural gas (LNG) receiving terminals by 2015, doubling its total capacity to 35-40 million tonnes per year (tpy), a senior company official said on Wednesday. The expansion from four terminals currently, with a receiving capacity of 18.7 million tpy,…

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