Oil Sands & Gas Shale UPDATE 

July 2012

TABLE OF CONTENTS

INDUSTRY ANALYSIS

OVERVIEW

IEA Says Global Gas Demand Could Rise more Than Fifty Percent by 2035

Aquatech Introduces SMARTMOD™ Modular Evaporator Technology for the Oil Sands Market

AMERICAS

U.S.

TransCanada Pipeline May Avoid Texas Wetlands

Explosion in Unconventionals Spurs interest in Ethane Crackers

LNG in the U.S. Benefiting from Rise in Unconventionals

Texas Regulators to Review Natural Gas Flaring Rules

Methane Emissions Survey from Fracing Shows Half of EPA Estimates

Chesapeake Energy Reaches Settlement on Disputed NY Gas Leases

U.S. State Department to Look into New TransCanada Keystone XL Route

Xtreme Oil & Gas Completes Hydraulic Fracturing at Kansas Oil Field

U.S. Appeals Court Sides with EPA on Greenhouse Gas

Bakken Pipeline Company, High Prairie Pipeline in Legal Skirmish with Enbridge

Expansion of Tennessee Gas Pipeline Key to Opening New England Market

Canadian Pacific Railway Wins U.S. Silica Contract

CANADA

Canadian Oil Output Expected to Double by 2030

BlackPearl Resources Files Blackrod Commercial SAGD Application

TransCanada Wins $4 Bln Natural Gas Pipeline Contract

Malaysia's Petronas Launches $4.8 Bln Buyout of Canadian JV Partner Progress Energy

ASIA

CHINA

China Slows its Acquisition of Overseas Unconventional Energy Assets Leaving opening for Asian Rivals

China to Speed up Shale Gas Exploration

EUROPE / AFRICA / MIDDLE EAST

LITHUANIA

Lithuania Calls First Shale Gas Exploration Tender

POLAND

Exxon Mobil Drops Shale Gas Production Plans in Poland

Poland Down Plays ExxonMobil Shale Gas Pull-out