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Industry Brief

Under a five-year memorandum of understanding (MOU), Sandia National Laboratories and SRI International have partnered to explore, test and evaluate a range of hydrogen and natural gas fuel systems and components for transportation. The MOU is the first agreement in Sandia’s new Center for Infrastructure Research and Innovation (CIRI), an alternative fuel research facility whose goal is to accelerate hydrogen and natural gas infrastructure technologies. The collaboration also will capitalize on research at Sandia’s Combustion Research Facility (CRF). CIRI will be located at Sandia’s Livermore Valley Open Campus, adjacent to the CRF.

June 5, 2013

Qatar, Centrica Build North American Portfolio

Qatar Petroleum International (QPI) last week secured a multilateral agreement with long-time partner ExxonMobil Corp. to explore North America’s unconventional natural gas, associated gas and export potential. In addition, a newly established partnership between UK utility Centrica plc and QPI clinched a $986 million agreement to buy a package of Suncor Energy’s onshore gas-weighted properties in the Western Canadian Sedimentary Basin.

April 22, 2013

ConocoPhillips Scuttles Chukchi Exploration

ConocoPhillips has put on hold plans to explore Alaska’s Chukchi Sea in 2014, “given the uncertainties of evolving federal regulatory requirements and operational permitting standards.” The Alaska arm of the Houston producer said “it would not be prudent at this time to make the significant monetary commitments needed to preserve the option to drill in 2014.”

April 15, 2013

ConocoPhillips Scuttles Inaugural Chukchi Exploration Plans

ConocoPhillips on Wednesday put on hold plans to explore Alaska’s Chukchi Sea in 2014, “given the uncertainties of evolving federal regulatory requirements and operational permitting standards.”

April 11, 2013

Apache, Energy XXI to Explore Salt Dome Structures

Energy XXI Ltd. has a deal with Apache Corp. to explore some salt dome structures on the Outer Continental Shelf in the Gulf of Mexico (GOM).

March 21, 2013
Report: Global Shale Oil Production 14M b/d by 2035

Report: Global Shale Oil Production 14M b/d by 2035

Worldwide production of shale oil has the potential to reach 14 million b/d by 2035, about 12% of the world’s total oil supply, prompting a 25-40% decline in oil prices, according to a report issued Thursday by PwC.

February 15, 2013

Lighthouse Increases TMS Stake, Will Put Two Wells Into Production

Lighthouse Petroleum Inc. said Thursday it will explore for oil in the Tuscaloosa Marine Shale (TMS), disclosing that it had acquired stakes in two wells in St. Helena Parish, LA.

January 22, 2013

Chevron, Apache Become British Columbia Partners

Chevron Corp. subsidiary Chevron Canada Ltd. will acquire a 50% operating interest in the Kitimat, British Columbia (BC), liquefied natural gas (LNG) export project and proposed Pacific Trail Pipeline (PTP), and a 50% interest in 644,000 acres of petroleum and natural gas rights in the Horn River and Liard basins in BC, and be a partner in the project and acreage with Apache Corp., the companies said Monday.

December 26, 2012

Encana, PetroChina Strike JV in Duvernay Shale

Encana Corp. last week struck a C$2.18 billion joint venture (JV) agreement to explore and develop close to half a million acres of its leasehold in the Duvernay Shale with a subsidiary of PetroChina International Ltd.

December 17, 2012
Encana, PetroChina Strike Partnership in Duvernay Shale

Encana, PetroChina Strike Partnership in Duvernay Shale

Encana Corp. on Thursday struck a C$2.18 billion joint venture (JV) agreement to explore and develop close to half a million acres of its leasehold in the Duvernay Shale with a subsidiary of PetroChina International Ltd.

December 17, 2012
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