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