1st NRG Corp. provides an update on the company’s operations.
Separate studies released in the last week by two respected Canadian firms, one of Western Canadian shale gas resources and another of the U.S. shale gas base have moved the tally of North American potential to a new plateau, beyond the trillions (Tcf) to 3.3 quadrillion cubic feet (Qcf), according to reports by Natural Gas Intelligence (NGI).
On 28 and 29 of August, a mock pollution response operation, Balex Delta, was conducted in the Baltic Sea by the countries along the sea. The region chosen to carry out this operation was the sea area near Helsinki in Finland.
Cub Energy has announced that testing for gas has been completed at the Makeevskoye-20 (M-20) well at a rate of 5.3 MMcf per day. The well is located in Ukraine.
On 31 August 2012, Royal Dutch Shell’s subsidiary Shell Petroleum Development Company of Nigeria (SPDC) sold 30% interest in oil mining lease (OML) 40 to Elcrest Exploration and Production Nigeria. OML is located in the Niger Delta. SPDC has received approximately US$102 million as total cash proceeds through this deal.
Pan Orient Energy has announced that the company will suspend the Jatayu-1 exploration well, which is situated onshore Indonesia. This well is cased down to 4.5 in. and has a measured depth of 6,640 ft.
A new report titled Ernst & Young Dynamic Dealmaking in Oilfield Servicesreleased by mergermarket and Ernst & Young, has revealed that 84% of the survey respondents anticipate an increase in mergers and acquisitions (M&A).
Eagleford Energy has declared that Dyami Energy, the company's wholly-owned subsidiary, has attained its target depth to drill a shale test well at its Murphy Lease in Texas.
AusTex Oil provides operation update to shareholders on its exploration and development programs carried out in Northwest Kansas.
Risk analysts have concluded that the disposal of contaminated wastewater from hydraulic fracturing (or "fracking") wells producing natural gas in the intensively developed Marcellus Shale region poses a substantial potential risk of river and other water pollution.