An expansion of new oil and
gas drilling technology known as «fracking» is prompting more industrial activity inside middle and upper - middle - class residential neighborhoods, Reuters reports.
100 + GW of steady state power available that could utilize existing oil and
gas drilling technology.
For instance, recent advances in oil and
gas drilling technology helped bring on the plunge in oil prices.
The Fossil Energy Research program conducts research on nascent carbon capture and storage technology in addition to oil and
gas drilling technology, including fracking.
Both, however, were part of his written talking points; they briefly mentioned that he still supports independent redistricting and is awaiting thorough review of
the gas drilling technology, which uses water laced with chemicals and sand to break through rock formations and extract the gas.
Not exact matches
For oil and
gas companies that want to install
drilling and pumping infrastructure there, continuous monitoring of conditions above, below and at the surface of the water will be integral, and right now drones are the only feasibly deployable
technology that can collect and relay all that data in a cost - effective manner.
As detailed in the first three installments of Power Shift, an NBC News / CNBC special report, the United States is experiencing an energy boom created by new
drilling technologies that have unlocked vast domestic oil and natural
gas reserves.
She agrees that this jar, by itself, proves nothing about the environmental impact of «fracking,» the
drilling technology largely responsible for America's boom in oil and
gas production.
Private equity sees the most opportunity in natural
gas and oil, thanks to more effective
technologies like hydraulic fracking and horizontal
drilling and related opportunities to harness the increased supply.
Beyond the actual
gas project and LNG sales, China's state - run shipping conglomerate COSCO has also secured a 50 percent stake in the four LNG shipping carriers serving Yamal.90 Chinese engineers and workers have been deployed to the Yamal Peninsula to help construct surrounding infrastructure, which includes a Chinese - produced polar
drilling rig.91 Moreover, a Chinese oil and
gas rig producer now provides Russia with about 60 percent of its imported oil rig supplies, indicating that China is becoming a dominant player in this sphere.92 Chinese media recently hailed Yamal as an example of China's construction and engineering prowess and a symbol of its transformation into an Arctic player.93 In return for China stepping into support the project, senior officials from Novatek, the main shareholder of the project, announced that the first LNG shipment would symbolically go to China.94 But a British subsidiary of Malaysia's Petronas purchased the first shipment of Yamal LNG and sold it to France's Engie, which then shipped the cargo to its Boston import facility for American use.95 Western sanctions on Novatek, Russia's largest independent national
gas producer and a company with close ties to the Kremlin, made Yamal's pivot to China possible, as sanctions forced Russia to find an alternative source of investment and
technology.
Additionally, late last year, GE agreed to purchase subsea
drilling technology from Oceaneering International, and subsequently inked an agreement to purchase Alstom's
gas and steam turbine business for approximately $ 17 billion.
Take, for example, the sharp increase in U.S. oil and natural
gas production stemming, in part, from the innovations in
drilling and extraction
technologies.
In our Special Energy Report: An American Energy Renaissance, we highlight that just a few years ago investors were contemplating the supply constraints facing the petroleum industry, but with the disruptive
technology in shale oil and
gas in the U.S., we could now be looking at decades of
drilling ahead.
The Department of Environmental Conservation is nearing completion on an environmental impact study and new regulations for
gas drilling using horizontal
drilling and high - volume fracking
technology.
New York hasn't issued permits for shale
gas wells using horizontal
drilling and fracking since it began its review of the controversial
technology in 2008.
The EPA's comments, in a series of letters this week to the state's Department of Environmental Conservation, are significant because they suggest the agency will be watching closely as states in the Northeast and Midwest embrace new
drilling technologies to tap vast reserves of shale
gas.
The expanded use of
drilling technology to extract resources trapped in tight formations 8,000 feet underground has opened the door to trillions of cubic feet of new natural
gas reserves.
A series of letters suggests the agency will be watching closely as states in the Northeast and Midwest embrace new
drilling technologies to tap vast reserves of shale
gas
Fracking
technology, once used in just a small percentage of wells, has made it possible to get
gas out of deeply buried reserves and has become an essential part of
drilling almost every new well.
Recent advances in
gas production
technology based on horizontal
drilling and hydraulic fracturing — also known as fracking — have led to bountiful, low - cost natural
gas.
Fracking, the same
technology used to
drill for natural
gas, may provide an economical way to get at that geothermal energy.
Because much of that work could also benefit traditional
drilling, the oil and
gas industry may actually help foot the bill for enhanced geothermal
technology.
In the 1990s, new
drilling technology developed in Texas made recovering
gas from shale far more efficient.
But fossil fuel advocates note that DOE support has been critical to industry advances, including developing the
technology behind fracking, offshore
drilling, and cleaner - burning coal and natural
gas power plants.
Park Systems, world - leader in atomic force microscopy (AFM) today announced a webinar to provide next generation
technology to improve oil and
gas production in both traditional
drilling and hydraulic fracturing for oil &
gas producers and equipment manufacturers as they continue to pursue the latest developments in production efficiencies.
March 12, 2012 • New
drilling technologies and rising fuel prices have generated a boom in U.S. oil and
gas drilling.
Communities must decide whether the carbon - reducing benefit of using natural
gas in power generation outweighs the fear of new
drilling technologies.
Supported by some of the nation's largest energy companies, as well as by the New York State Energy Research and Development Authority, the
drilling program seeks new
technologies that develop
gas and oil in a safe and environmentally friendly manner... [Read the rest.]
Feeling rising pressure in the campaign over high
gas prices (and the looming specter of extraordinary home heating costs this fall), he shifted his stance to considering some new offshore
drilling if it was part of a comprehensive energy agreement including big investments and incentives for nonpolluting energy
technologies.
He added: «There has been a revolution in the US with the shale
gas technologies, with the fracking, the horizontal
drilling.
The process, and the impediments to its wider adoption, are described in detail in «Cutting waste in
gas drilling — Pioneering propane
technology used to free natural
gas from rocks, avoiding the pollution of vast amounts of water.»
The government hopes to revive domestic natural
gas production with the
technology that has transformed the energy picture in the United States — horizontal
drilling into deep underground shale, and high - pressure injection of water, sand, and chemicals to create fissures in the rock to release the
gas.
Now, fairness dictates I point out that George Mitchell didn't invent hydraulic fracturing or directional
drilling — the two
technologies that, when combined, have unleashed the surge in oil and natural
gas production the United States has experienced over the last half decade.
The National Energy
Technology Laboratory explains that hydraulic fracturing produces life - cycle greenhouse
gas emissions that are about three percent higher than conventional natural
gas drilling.
Now that the US has greatly increased sources of oil and natural
gas thanks to
drilling using new
technology (thus obviating the need for depending on the Middle East), renewable energy advocates have fallen back on their claims that fossil fuel use must be reduced to avoid catastrophic anthropogenic global warming.
The «comprehensive long - term energy policies and strategies» slogan also ignores where the real progress of recent years has been made: in the private sector, especially the petroleum industry, where revolutionary horizontal
drilling and hydraulic fracturing
technologies have unlocked centuries of oil and natural
gas worldwide.
Advanced hydraulic fracturing and horizontal
drilling are the
technology engines driving America's ongoing energy renaissance — surging oil and natural
gas production that ranks first in the world.
The quote from Mitt Romney's (allegedly «ghostwritten») book points to the conclusion that the USA should do more oil and
gas exploration («
drill, baby,
drill») including shale deposits, to get more «energy independent» (combined, of course, with supporting basic research for new energy
technologies).
New developments in
drilling technology, along with higher wellhead prices, have made the Marcellus Shale an important natural
gas resource.
Drawing on the latest
technologies, including those used by oil and
gas companies in
drilling and in enhanced oil recovery, the team estimated that enhanced geothermal systems could be used to develop 100,000 megawatts of electrical generating capacity in the United States by 2050, a capacity equal to 250 coal - fired power plants.
But it's also being driven by advancing
technology that's unlocking unconventional
gas supplies in Queensland (coal seam
gas) as well as Western Australia's Northwest Shelf
gas supplies (through advances in offshore
drilling).
• Support for energy innovation today comes from those concerned about the high (and rising) economic costs, not to mention the foreign entanglements created by America's dependence on oil; the need for greater energy access in poor countries; diseases and deaths caused by air pollution, oil and
gas drilling, and coal mining and waste; and the potential for America to manufacture and export new energy
technologies at a profit.
If lawmakers pursue energy policies that constrain domestic oil and natural
gas production, particularly from hydraulic fracturing and horizontal
drilling, they could consign future generations of Americans and millions of people around the world to a less prosperous and productive future, because those energy production
technologies account for the bulk of our nation's increased energy production.
Over the past several years, vast caches of natural
gas trapped in deeply buried rock have been made accessible by advances in two key
technologies: horizontal
drilling, which allows vertical wells to turn and snake more than a mile sideways through the earth, and hydraulic fracturing, or fracking.
-- expand
drilling / fracking to extract as much domestic energy as possible, — use clean natural
gas, where possible, to replace dirtier coal and for heavy transportation vehicles; — support basic research efforts aimed at finding economically viable green energy
technologies; — at the same time, install new nuclear power generation capacity in place of new coal plants, wherever this makes economic sense.
The
drilling technology has helped usher in a huge
gas boom but has also triggered much grassroots opposition due to a new set of environmental concerns.
The latest example of how wrong the Malthusian - influenced doubters have been is provided by fracking, horizontal
drilling, and associated
technology applied particularly to extracting oil and natural
gas from shale formations.
Its just that new
technology (horizontal
drilling and fracking) have enabled oil companies to get more
gas out of the ground than in the past.
Denver Business Journal: The boom in oil and natural
gas production in North America, largely due to the new
technologies of horizontal
drilling and hydraulic fracturing, is changing the balance of power across the world, former Secretary of State Condoleeza Rice told attendees at the Vail Global Energy Forum.
Jenkins said the current boom in natural
gas is being driven by
drilling techniques that were largely the result of federally funded research and
technology since the 1970s.