Centrica and QPI in Canadian deal
Centrica and Qatar Petroleum International (QPI) have bought gas and oil assets in Canada from Suncor Energy for £650million, including some with potential for shale-gas production.
Centrica and Qatar Petroleum International (QPI) have bought gas and oil assets in Canada from Suncor Energy for £650million, including some with potential for shale-gas production.
Britain has an energy crisis; make no mistake.
A few years ago if someone had suggested that conventional offshore gas field development programmes and the LNG market would soon be under threat from shale gas they would have been thought at best eccentric and at worst suffering from some sort of delusionary illness.
Mixed opinions and a lack of equipment and infrastructure could mean an unconventional gas revolution is still some way off in Europe.
The shale gas industry is described as offering the potential for a revolution in the world energy market, which could transform world energy trade, geopolitics and climate policy.
The New York State Assembly has imposed a ban on new hydraulic fracturing operations in the state until mid-2011, pending an assessment of its impact on groundwater, air quality, environmental safety and public health.
SCOTTISH engineering company Weir Group has teamed up with a Far East firm to provide high-pressure well-service pumps and related flow-control equipment to China's developing shale gas industry.