UOGM Top Story archive

18 October 2017, Week 41, Issue 378

Argentina’s state-run energy company YPF and global oilfield services giant Schlumberger have agreed to move forward on a pilot project in the Vaca Muerta shale play. 

11 October 2017, Week 40, Issue 377

A new study by Moody’s Investors Service has said that prices of more than US$50 per barrel of US oil and at least US$3 per mmBtu (US$82.98) for gas are needed to ensure the long-term...

04 October 2017, Week 39, Issue 376

South Africa’s Karoo Basin may contain less than a thirtieth of previous estimates of shale gas resources, according to the findings of a study published in the South African Journal of Science on...

27 September 2017, Week 38, Issue 375

Chesapeake Energy intends to increase its oil production to an average of 100,000 bpd in the fourth quarter, from 86,000 bpd in the third quarter. This increase will come despite some operational...

20 September 2017, Week 37, Issue 374

Rising output from the Vaca Muerta shale play in Argentina’s Neuquen Province means the country is on track to replace its gas imports by 2020.

13 September 2017, Week 36, Issue 373

UK-based BP started drilling work last week on the first well at the Neijiang-Dazu shale gas block in China’s southwestern province of Sichuan.

06 September 2017, Week 35, Issue 372

Up to 10% of US drilling activity could be delayed because of Hurricane Harvey, according to a new analyst note. The impact is being felt in the Eagle Ford shale play, in South Texas, not far from...

30 August 2017, Week 34, Issue 371

EOG Resources led the way in filing drilling permits in Texas in the first seven months of the year. Data from the Texas Railroad Commission (RRC), which regulates oil and gas activity in the...

23 August 2017, Week 33, Issue 370

China’s Ministry of Land and Resources (MLR) has awarded a new shale gas block for development, which reports suggest is the first of several that will be offered as part of a concerted effort to...

15 August 2017, Week 32, Issue 369

Whiting Petroleum has struck a deal to sell North Dakota assets to RimRock Oil & Gas for US$500 million in cash. Closing should come by September 1, it said. 

09 August 2017, Week 31, Issue 368

BP has celebrated the discovery of a “significant new source” of natural gas in the US, with a discovery in the Mancos shale, in New Mexico. The company has made fairly muted progress in the US...

02 August 2017, Week 30, Issue 367

Large oil companies operating in the Permian Basin in Texas have hedged 65% of their output for the remainder of 2017 at an average strike price of US$50 per barrel according to consultancy IHS...

26 July 2017, Week 29, Issue366

Argentina’s state-run YPF, BP-controlled Pan American Energy, France’s Total and Germany’s Wintershall agreed on July 18 to invest US$1.15 billion between 2017 and 2021 in pilot projects on three...

19 July 2017, Week 28, Issue 365

China’s shale gas production in 2016 rose by 76.3% to a new record of 7.9 bcm according to new official figures, as the country continued to raise the proportion of natural gas in its energy mix,...

12 July 2017, Week 27, Issue 364

Devon Energy announced a record well in Oklahoma’s Sooner Trend Anadarko Basin Canadian and Kingfisher Counties (STACK) play, on July 11. The company said its Privott 17-H had begun producing at a...

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