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

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Mar 02

Unconvential Gas Conference to be held in London

By ckeddy shale gas in Europe No Comments »

The SMi Group will be presenting Unconventional Gas 2010 on March 15th and 16th in London, England.

Europe’s leading Unconventional Gas conference brings together industry experts and project operators to discuss the drivers, constraints and opportunities for non-conventional operations.

Unconventional gas resources are expected to steer the future of the energy sector in the coming years.  Held at London’s Marriott Hotel Regents Park, SMi’s 3rd Unconventional Gas  conference will be taking a practical look at unconventional gas production challenges, where the pressure is on to reduce costs and still deliver positive results.

Key Topics Include:
•    Common challenges of unconventional gas reservoirs
•    Shale exploration for new entrants in Europe
•    Improving returns on tight gas

Keynote speakers and presenters include representatives of BG Group, Statoil ASA,  Royal Dutch Shell, GFZ German Research Centre for Geosciences, and the British Geological Society and Realm Energy International Corp.

SMi is also presenting two associated events at the same venue on March 17th -  Data Acquisition and Exploration Strategies in Unconventional Gas: Enterprise Value Assessment and Critical Elements of Gas Shale Reservoir Characterization.

Source: SMi

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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”

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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


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