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Statoil and YPF agree onshore deal on shale block in Argentina

Norway's Statoil and Argentina’s energy company YPF have entered into an agreement to jointly explore the shale Bajo del Toro block in the Neuquén Basin onshore Argentina that sees Statoil enter the South American country for the first time.

China to double shale gas production levels

China has enormous shale oil reserves but faces a number of key challenges, such as challenging geology and insufficient infrastructure in its existing gas producing units.

U.S. shale output seen rising in January as OPEC cuts production

U.S. shale production is expected to rise in January, according to U.S. Energy Information Administration, less than a week after non-OPEC countries joined OPEC producers in a deal that will curb oil production to tackle a glut and prop up low oil…

Total approves Argentina shale development, Q1 profit jumps 56 pct

France's oil major Total said on Thursday it approved the development of the first phase of the operated Aguada Pichana Este license in the giant Vaca Muerta shale play in Argentina, as it boosted interim dividends on back of a 56 per cent jump in…

Iran discovers shale reserves in western province

Iran has found shale reserves in the western Lorestan province and Zagros basin where exploration has begun, an official for exploration at National Iranian Oil Company said.

Covey Park completes purchase of Chesapeake shale plays

Texas-based Covey Park Energy has sealed the purchase of shale assets located in the Haynesville shale area of North Louisiana from Chesapeake Exploration for $465 million.

Ineos Shale buys Total UK onshore assets

UK's Ineos Shale has acquired interests in five English onshore shale licenses from France's Total.

Shell divests shale plots in Canada

Oil giant Shell is continuing with its divestment of non-core assets with the announcement that through its Canada affiliate the firm is selling 206,000 net acres of non-core oil and gas properties in Western Canada to Tourmaline Oil Corp. for US$1…

U.S. shale oil and gas sector sees resurgence as rig count jumps

The number of rigs drilling for oil and gas in the United States has recorded the largest one-week increase for over five years, confirming a rapid upturn is now underway.

OPEC, non-members agree to extend production cuts by 9-months

OPEC countries agreed in a Vienna meeting on Thursday to extend oil output cuts until March 2018 in efforts to support prices and counter the effects of rising U.S. shale production.