Fears fracking could pollute underground water refuted
Fracking poses no danger to underground water supplies, new research findings from Glasgow University suggest.
shale
Covey Park acquires new shale land
Covey Park said it has entered into a purchase and sale agreement with subsidaries of EP Energy Corporation to purchase all of its assets in the Haynesville and Bossier shales.
Mexico to proceed with auction round for shale fields this year
Mexico will hold a private bidding round for the nation’s shale oil fields this year in part to cater to continued interest from US drillers eyeing expansion south of the border, according to Deputy Energy Minister Lourdes Melgar.
Ineos makes first shale shipment to Europe
The Ineos Intrepid has made a landmark departure, carrying the first shale shipment from the United States to Europe.
Opinion: Unleashing the potential of shale gas
The emergence of unconventional gas over the past few years has transformed the global energy market. Breakthrough technology has enabled key producers, especially in the US to supply the global market with shale gas, reshaping the energy landscape in its wake. Since this revolutionary technology was brought to market, companies have looked to deploy it in many markets as part of a global shift to a low carbon, energy secure future.
McClendon’s actions aren’t uncommon across US shale patch
The actions that resulted in former Chesapeake Energy Corp. chief Aubrey McClendon’s indictment aren’t uncommon across the shale patch, lawyers and analysts said. McClendon was charged Tuesday with allegedly violating antitrust laws known as the Sherman Act by coordinating a scheme in which two companies didn’t bid against each other for oil and natural gas leases in Oklahoma. He died in a car crash in Oklahoma City the next day.
Explorers lay up rigs as world looks for shale cuts
Explorers parked more drilling rigs in US oilfields as the rest of the world looks to shale producers to arrest the worst crude downturn in 30 years with more cutbacks.
Shale drillers halt Bakken fracking as Saudis send gloomy note
One day after Saudi Arabia’s oil minister said it was time for high-cost producers to call it quits, two Bakken shale drillers announced they’re doing just that.
Shale faces March madness as $1.2 billion in interest comes due
The U.S. shale industry must come up with $1.2 billion in interest payments by the end of March as $30-a- barrel oil makes it harder for companies to scrape up the cash needed to stay current on their debts.
Fracking hearing told decision not about “rights or wrongs”
Cuadrilla has told a hearing a decision to refuse fracking was not about the “rights or wrongs” of shale gas extraction. A five-week hearing has begun in Blackpool after the energy company decided to appeal a refusal to frack in a number of licences. Representing the company, Nathalie Lieven QC, told the inquiry that the appeals over the two sites concerned applications relating to the exploration of onshore natural gas through hydraulic fracking of shale rock or related monitoring works.
Britons believe local authorities should have fracking power
Nearly two thirds of people think local councils, not the Government, should decide if fracking goes ahead in their area, a poll suggests. The survey of 1,055 people for Greenpeace which found that 62% of people were in favour of the decision being made locally comes as a public inquiry begins into whether the go-ahead should be given for shale gas exploration at two sites in Lancashire.
Texas shale drillers lure $2 billion in new equity to Permian
Oil producers in West Texas, defying expectations they would fall victim to OPEC’s price war, are instead selling investors on the idea that they can still profit with prices below $35 a barrel. Drillers in the Permian Basin, the biggest US shale field, have raised at least $2 billion from share sales over the past eight weeks. And more issuances are on the way as producers try to avoid piling on additional debt.
Shale gas offers ‘exciting’ opportunities for struggling steel industry
The shale gas industry offers “one of those rare opportunities” to create a new demand for steel, offering a potential boost to Britain’s troubled steel industry, a Labour MP has suggested. Angela Smith described the opportunities the shale gas industry could create for steel manufacturing as the “most exciting prospect”, adding it could offer a “new sense of hope therefore for a positive future for what is one of our foundation industries”.
India predicts first shale gas imports by 2017
India is said to be expecting its first imports of US shale gas by 2017.
Empryean Energy agrees deal $61.5m deal for Sugarloaf development
Empyrean Energy said it has entered into a conditional sale and purchase agreement with Carrier Energy Partners to dispose of its interest in the Sugarloaf development. The deal is for an initial cash consideration of $61.5million and the company may also receive a contingent consideration of around $10million.
Ratcliffe eyes up shale prospects
Billionaire Jim Ratcliffe is known for driving a hard bargain and running a tight ship.
Hungry for more shale oil stock? Pioneer Natural is betting yes
Even after almost $400 billion in oil company market value was wiped out by investors fleeing the crude rout, Pioneer Natural Resources Co. is betting there’s ample demand for more shale-drilling shares.
Shale hoard behind US energy renaissance set loose on globe
The worst fears of OPEC and Asian gas exporters are about to come true.
Shale’s running out of survival tricks as OPEC ramps up pressure
In 2015, the fracking outfits that dot America’s oil-rich plains threw everything they had at $50-a- barrel crude. To cope with the 50 percent price plunge, they laid off thousands of roughnecks, focused their rigs on the biggest gushers only and used cutting-edge technology to squeeze all the oil they could out of every well. Those efforts, to the surprise of many observers, largely succeeded. As of this month, U.S. oil output remained within 4 percent of a 43-year high.
Oil falls from three-week high as Iran says exports ‘priority’
Oil in New York slid from the highest in three weeks and snapped the longest run of gains since April as Iran repeated its goal of boosting exports after sanctions on the country are lifted. Futures lost as much as 1.1 percent, falling the first time in five days. Iran’s priority is to boost crude shipments to pre-sanction levels, state-backed IRNA reported, citing Oil Minister Bijan Namdar Zanganeh. The Persian Gulf nation plans to add 500,000 barrels a day of exports within a week after sanctions are removed, said Rokneddin Javadi, head of National Iranian Oil Co., according to Shana news agency.
Protesters back call for shale gas in Lancashire
A protest in support of shale gas extraction has been held in Blackpool by campaigners. The move has been made in an attempt to highlight industry in Lancashire, after the county council refused planning permission for test fracking at a site in the region.
INEOS wins shale gas licences in 14 licensing round
INEOS has won 21 new shale gas licences in the final part of the UK Government's 14th licensing round. The company said the majority of the licences are located in the old mining heartlands of the North West, North Yorkshire and the East Midlands with a heritage and feed energy production. The announcement by the OGA (Oil and Gas Authority) of 159 onshore blocks means INEOS is now one of the UK's biggest shale gas players.
Industry body chief says onshore licences vital for UK’s energy future
The chief executive of industry body UK Onshore Oil and Gas (UKOOG), said it was a “vital day” for the UK's energy future as new licences for onshore gas and oil exploration in 159 blocks were granted.
Solo eyes Isle of Wight shale plays after winning licence
Solo Oil has said it will look at conventional oil and unconventional shale plays after winning an onshore licence on the Isle of Wight.
Shale drillers are now free to export US oil into global glut
US shale drillers will soon be able to sell their oil all over the world. Too bad no one needs it right now. A congressional deal to lift the 1970s-era prohibition on shipping crude overseas has the potential to unleash a flood of oil from Texas and North Dakota shale fields into markets already flush with cheap supplies from the Persian Gulf, Russia and Africa. The arrival of US barrels in trading hubs from Rotterdam to Singapore will intensify competition for market share between oil-rich nations, publicly traded producers and trading houses, adding pressure to prices that have tumbled 67 percent in the past 18 months. In the longer term, it may also extend a lifeline to shale drillers strapped for cash after amassing huge debt loads during the boom years.