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YPF and Chevron signed MOU in unconventionals YPF SA (YPF) the Argentina’s national oil company and the international oil company Chevron Corporation (Chevron) signed a memorandum of understanding to explore and develop the local unconventional resources in oil and gas. According to the US Energy Information Administration (EIA) Argentina is the largest producer of natural gas […]

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Enterprise to leverage its midstream Market Leadership with booming downstream in USA Enterprise Products Partners L.P. (Enterprise) is planning to build one of the world’s largest Propane DeHydrogenation (PDH) unit and Polymer Grade Propylene (PGP) unit in Texas, USA. These PDH and PGP projects are directly related to profitable development of NGL-rich natural gas production. With […]

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Statoil and PetroFrontier signed deal on Southern Georgina Basin  Statoil ASA (Statoil) from Norway and PetroFrontier Corp. (PetroFrontier) from Canada have signed a binding “Farm-in Agreement” to farm into shale gas PetroFrontier’s four exploration permits (EPs) and two exploration permit applications (EPAs) in the Southern Georgina Basin, Northern Territory, Australia. In this Farm-in-Agreement, Statoil will be the Farmor […]

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Definition Tight gas is the name given to the unconventional natural gas because it is trapped in a very tight  underground hard rock, or sandstone or limestone formation that is unusually impermeable and non-porous called tight sand. Comments In a conventional natural gas deposit, once drilled, the gas can usually be extracted quite readily, and easily. A […]

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After ExxonMobil and ENI, Rosneft extends its domino strategy to Statoil Rosneft and Statoil signed a cooperation agreement to jointly explore offshore and onshore fields in the Russian sections The cooperation agreement also provides Rosneft with an opportunity to acquire interests in selected Statoil exploration licences and assets in the North Sea as well as […]

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