shale gas
When the USA, led by companies like ExxonMobil or Chesapeake, decided to boost the development of shale gas, the world perceived it as a local matter to help this country to reduce its reliance on overseas production countries. Then in 2011, the USA have become already self sufficient in gas, much faster than expected. Until then, […]
According to an interview of Mr Fu Chengyu, who became chairman of Sinopec‘s parent in April, to Bloomberg, Sinopec is considering to sell its chemical assets in the next five years in order to finance its overseas development. Benchmarking the Majors like ExxonMobil or Shell, Sinopec wants to balance it Upstream activities and Downstream business. With profitability […]
ExxonMobil and the Turkish local company TPAO are in discussion to explore the shale gas in Turkey. ExxonMobil is investigating the potential development of Trakya field located in the west of Turkey. According to a survey made in April 2011 by Advanced Resources International (ARI) for the American government about the shale gas fields in […]
Shell continues to progress plans to build a proposed world-scale petrochemical complex in the Appalachia region, USA, which could upgrade locally-produced ethane from Marcellus shale gas production. Shell Appalachia is headquartered in Warrendale, PA, USA, and has 185 employees located in Pennsylvania, with approximately 50 employees located in Tioga County. With the acquisition of East Resources, […]
After benchmarking the USA who should become a net gas exporter in 2012 for the first time in their history, China has learnt the lesson very fast and decided to develop their reserves of shale gas on fast track to reduce their energy dependency. The fact is that China hosts 19% of the global reserves of shale […]
Definition: “Shale gas” is the name given to natural gas accumulation is locked in tiny bubble-like pockets within layered sedimentary rock such as shale. Comment: “Shale gas” is usually found in compact, low-permeability rocks deep beneath the surface. Reserves of this gas are very substantial and well distributed over the globe: they are estimated to represent […]
Today the Marcellus Shale gas field in USA is considered with its 500 trillion cuf gas reserves as the second biggest gas field in the World after… the North field in Offshore Qatar. Many companies are operating in this field covering the states of New York, Pennsylvania, Ohio and West Virginia, USA. Among the key […]
On February 27th the gas price in North America reached a new low at $2.57 per million btu with all chances to stay below $3 for a while. In dividing the gas price by four since its peak at $13.5 per million btu in July 2008, the massive development of the shale gas is not […]
