Mar 05

Shale Gas the future for Poland?

By ckeddy shale gas, shale gas in Europe 2 Comments »

US know-how could quicken development of shale-gas extraction technologies in Europe, while Poland’s hopes for the technology rise Europe can learn much from the US about how to use its shale-gas sources, according to Halliburton’s ( NYSE: HAL) expert on unconventional resources.

Speaking at the recent  III CE Gas Summit 2010 about whether US shale-gas development could be cloned in Europe, Reinhard Pongratz said that using US know-how could significantly shorten Europe’s learning curve. “If we are more aggressive in trying to deliver US technology to Europe, the development phase can be shorter,” he said. Not all technologies can be copied, but Europe can make much use of the knowledge, he said.

Mr Pongratz was also optimistic about the price of shale gas. “If [extracting shale-gas] can be done economically in the US, we can do it here,” he said.

In early 2009, Realm Energy International Corporation (TSX.V: RLM) began collaborating with Halliburton Consulting on a global evaluation of shale plays with potential for natural gas and oil production with an initial focus on Europe.

The idea of extracting shale gas gained momentum in Poland earlier this year, when Wood MacKenzie experts estimated that the country could be sitting on 1,400 billion cubic meters of shale gas. Other estimates put the amount at as much as 3,000 billion cubic meters.

Poland consumes around 14 billion cubic meters of natural gas per year. If the Wood MacKenzie estimations are correct, shale gas extraction could bring the country gas independence for 100 years, at current consumption rates.

Currently, Poland’s annual gas production from domestic sources equals around 4.1 billion cubic meters. About 70 percent of Poland’s gas for consumption is imported.

“We will know how much shale gas there is in Poland in about four years, when the licenses granted to companies looking for this type of gas in Poland will begin to expire,” said Henryk Jezierski, deputy environment minister and chief national geologist.

The first test drills will begin this year and Mr Jezierski estimates that commercial exploitation of shale gas sources will be possible in 10 to 15 years. In the US, shale gas currently constitutes about 10 percent of gas production, but is expected to reach 50 percent by 2020.

Source: Natural Gas for Europe

Tagged with: • • • •
Feb 09

Realm Negotiating on Additional European Shale Gas Play

By ckeddy natural gas in Europe, shale gas in Europe No Comments »

Further to the January 26, 2010 news release, Realm Energy International Corporation (“Realm Energy”) (TSX-V:RLM) (www.realmenergy.ca) is pleased to announce negotiations on an additional European shale gas play.

Realm Energy recently entered into direct and exclusive negotiations for petroleum and natural gas rights with a European Government in which the Company has identified a potential large-scale shale gas opportunity.  These lands cover an areal extent of over 182,000 hectares or 450,000 + acres. Consistent with most European countries, consideration for the award of these lands largely comprises a prudent work program over the life of the concessions.  Management is working toward reaching final agreement on these lands in the near future, at which time more detailed information will be disclosed.

Realm Energy is collaborating with Halliburton Consulting (NYSE: HAL) in aggressively evaluating high potential shale deposits throughout Europe and select emerging countries. Founded in 1919, Halliburton is one of the world’s largest providers of products and services to the energy industry. With more than 50,000 employees in approximately 70 countries, the company serves the upstream oil and gas industry throughout the life cycle of the reservoir-from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production through the life of the field.

Tagged with: • • • • • • •
Jan 06

Realm Energy, Halliburton Driving Shale Play Development Outside North America

By Trevor J. Murphy shale gas in Europe 1 Comment »

From: New Technology Magazine, December 21 2009

In an effort to accelerate shale gas development, Realm Energy International Corporation and Halliburton have announced they will aggressively continue the evaluation of high potential shale deposits throughout Europe and select emerging countries.

In early 2009, Realm Energy began collaborating with Halliburton Consulting on a global evaluation of shale plays with potential for natural gas and oil production. Shale deposits are a proven and significant resource in North America and an emerging unconventional resource in other areas of the world.

With an initial focus on Europe, Realm Energy and Halliburton successfully selected eight discrete sedimentary basins in seven European countries, identified key prospect trends and targeted a substantial amount of petroleum and natural gas leases for acquisition.

“Following our evaluation, Realm Energy is pleased to inform its shareholders that the company is in the process of acquiring large contiguous tracts of land over significant shale formations,” said Realm Energy chairman Craig Steinke.

“As we enter the exploration and development phase of our strategy, we can rapidly transfer Halliburton’s extensive shale knowledge and modify best practices from all North American shale plays to continental Europe and beyond.”

Going forward, Realm Energy will access Halliburton’s global infrastructure and partnerships, leading edge solutions and customized strategies for optimizing value from each specific shale formation, with the highest environmental standards.

Halliburton is one of the world’s largest providers of products and services to the energy industry. The company serves the upstream oil and gas industry throughout the life cycle of the reservoir-from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production through the life of the field.

Realm Energy International Corporation is a Canadian domiciled global energy company focused on driving the exploration and development of major shale plays throughout Europe and emerging countries. The company is in the process of acquiring petroleum and natural gas rights in large contiguous tracts which it has identified as high potential, and is committed to leveraging the most advanced shale technology to bring these resources into production.

SOURCE
New Technology Magazine: “Realm Energy, Halliburton Driving Shale Play Development Outside North America”

Tagged with: • • • • • •
Dec 18

REALM ENERGY, HALLIBURTON DRIVING SHALE PLAY DEVELOPMENT OUTSIDE NORTH AMERICA

By ckeddy natural gas in the USA No Comments »

Vancouver, BC and Houston, TX – December 18, 2009 In an effort to accelerate shale gas development, Realm Energy International Corporation (“Realm Energy” or “the Company”) (TSX.V: RLM) and Halliburton (NYSE: HAL) are pleased to announce they will aggressively continue the evaluation of high potential shale deposits throughout Europe and select emerging countries.

In early 2009, Realm Energy began collaborating with Halliburton Consulting on a global evaluation of shale plays with potential for natural gas and oil production.  Shale deposits are a proven and significant resource in North America and an emerging unconventional resource in other areas of the world.  With an initial focus on Europe, Realm Energy and Halliburton successfully selected eight discrete sedimentary basins in seven European countries, identified key prospect trends and targeted a substantial amount of petroleum and natural gas leases for acquisition.

“Following our evaluation, Realm Energy is pleased to inform its shareholders that the Company is in the process of acquiring large contiguous tracts of land over significant shale formations,” said Realm Energy Chairman Craig Steinke.  “As we enter the exploration and development phase of our strategy, we can rapidly transfer Halliburton’s extensive shale knowledge and modify best practices from all North American shale plays to continental Europe and beyond.”

Going forward, Realm Energy will access Halliburton’s global infrastructure and partnerships, leading edge solutions and customized strategies for optimizing value from each specific shale formation, with the highest environmental standards.

Source: Realm Energy International- Press Release


Tagged with: • • • • • • • •
preload preload preload