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EIA ups total shale oil resource estimate by 13% to 419B barrels, shale gas by 4% to 7576 Tcf

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The US Energy Information Administration (EIA) continues to expand its assessment of technically recoverable shale oil and shale natural gas resources around the world. Each of the countries has an existing oil and natural gas industry with infrastructure connecting the basins to global markets. Bcf/d from 2005 to 2014.

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GECF: more than a quarter of 2050 natural gas supply untapped

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Yet-to-find (YTF) resources will contribute to around 30% of the total production of natural gas worldwide by 2050, according to Yury Sentyurin, the Secretary General of the Gas Exporting Countries Forum (GECF). Senturin made his remarks during the 25 th Oil & Gas of Turkmenistan Conference. It is headquartered in Doha, Qatar.

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Marubeni to acquire 35% working interest in Eagle Ford shale play from Hunt Oil for $1.3B

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Marubeni Corporation announced that Marubeni Eagle Ford Limited Partnership, a US subsidiary of Marubeni, has entered into an agreement with Dallas based Hunt Oil Company to acquire a 35% working interest in the Eagle Ford shale oil and gas play covering approximately 52,000 net acres of oil and gas leases located in Texas.

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Canadas shale boom: more to come in Montney

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A pervasive hydrocarbon system in the Western Canada Sedimentary Basin (WCSB) in Alberta and British Columbia, the Montney is estimated to hold 2,200 trillion cubic feet of gas, almost 29 billion barrels of natural gas liquids and over 136 billion barrels of oil. by James Burgess of Oilprice.com. million per section.

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Opinion: Is Russia Plotting To Bring Down OPEC?

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Live by Energy…. Energy is the foundation of Russia, its economy, its government, and its political system. According to the IMF’s 2015 Article IV Consultation-Press Release and Staff Report , published August 3, oil and natural gas exports constituted 65 percent of exports, 52 percent of the Federal government budget, and 14.5

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Sasol embarking on feasibility study on a US gas-to-liquids facility in Louisiana

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South African energy and chemicals group Sasol today announced that it has chosen the southwestern region of the State of Louisiana as the site for a planned gas-to-liquids (GTL) facility. In partnership with Qatar Petroleum, it started up its first international GTL plant, Oryx GTL, in 2007. Earlier post.)

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War in Ukraine: We Need to Talk About Fossil Fuels

Cars That Think

This war will have many long-term consequences, but possibly none more important than its effects on the future of the European energy supply. One is that the road to new energy realities in Europe will be long, rough, and twisty. Russia’s energy resources are enormous and Europe’s dependence on them is deep and pervasive.

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