The latest: As Germany's environment and economics ministers decide fracking needs a halt on hydraulic fracturing, the head of Britain's Environment Agency has come out in support of
more shale gas.
«Assuming that technology will allow ever
more shale gas production at low prices — and betting energy policy and the future energy security of the country on it — is risky business,» says geologist David Hughes, who retired from the Canadian Geological Survey and is now doing assessments of shale gas and oil for the nonprofit Post Carbon Institute, a California - based environmental think tank.
Like it or not, it's become increasingly clear that
more shale gas is not welcome in New York.
A final investment decision has been made to move forward with a 1.9 Bcf / d pipeline being jointly developed by Kinder Morgan, DCP Midstream and Targa Resources that would allow
more shale gas to move from the Permian Basin to the Texas Gulf Coast after the project secured long - term shipper commitments for about 85 % of its capacity, the companies said Thursday.
Not exact matches
It is redesigning its deepwater oil platforms and onshore
shale -
gas projects to simplify them, a major cultural change at a firm that has long prided itself
more for engineering prowess than for economic discipline.
The U.S.'s
shale gas industry, though, is
more developed than Canada's, and much of the infrastructure needed to deep - freeze the
gas and load it in liquid form onto tanker ships already exists.
The company's properties in the Bakken oilfields in North Dakota and the
gas - rich Marcellus
shale in Pennsylvania have proven much
more bountiful than first thought, a windfall Dundas attributes to the company's skills upgrade.
The
gas is there, quite possibly
more than in Alberta — Apache Canada reported what it called «the most prolific
shale gas resource test in the world» in B.C.'s Liard Basin a year ago — but at today's prices it's not worth drilling for.
British Columbia is likewise feeling the pinch, as what was looking like a
shale gas boom little
more than a year ago has gone quiet.
China has
more than quintupled its natural
gas consumption since 2000, according to research firm GlobalData, and though the country has huge
shale gas reserves of its own, production can't keep up.
But fracking opponents claim that, though natural
gas is considered the greenest of fossil fuels,
shale extraction is significantly
more carbon - intensive than conventional production and may result in the release of large quantities of methane, itself a greenhouse
gas.
Natural
Gas Natural gas futures were among the quarter's key decliners -LRB--7.5 %, to US$ 2.73 per million British thermal units) as production growth outweighed seasonal consumption and higher exports of the fuel.1 Spot prices saw an even larger drop of 20.6 % (to US$ 2.81) as the support of December's weather - related demand spikes faded and a more normal winter pattern developed.1 Natural gas generally took its downward price cues from elevated US production and growth in the natural gas - focused rig count, which increased from 179 to 194 in March alone.2 Despite the price drop, traders remained optimistic given surging US shale - gas exports and a supply deficit that was 20 % larger than the five - year average at March - end, the biggest in four years.3 Moreover, total natural gas inventories of 1.38 trillion cubic feet were nearly 33 % below their year - ago level.3 Meanwhile, the market appeared focused on an anticipated production surge (2018 is projected to be a record growth year for gas supplies) and may have overlooked intensifying demand as US exports increasingly helped drain suppli
Gas Natural
gas futures were among the quarter's key decliners -LRB--7.5 %, to US$ 2.73 per million British thermal units) as production growth outweighed seasonal consumption and higher exports of the fuel.1 Spot prices saw an even larger drop of 20.6 % (to US$ 2.81) as the support of December's weather - related demand spikes faded and a more normal winter pattern developed.1 Natural gas generally took its downward price cues from elevated US production and growth in the natural gas - focused rig count, which increased from 179 to 194 in March alone.2 Despite the price drop, traders remained optimistic given surging US shale - gas exports and a supply deficit that was 20 % larger than the five - year average at March - end, the biggest in four years.3 Moreover, total natural gas inventories of 1.38 trillion cubic feet were nearly 33 % below their year - ago level.3 Meanwhile, the market appeared focused on an anticipated production surge (2018 is projected to be a record growth year for gas supplies) and may have overlooked intensifying demand as US exports increasingly helped drain suppli
gas futures were among the quarter's key decliners -LRB--7.5 %, to US$ 2.73 per million British thermal units) as production growth outweighed seasonal consumption and higher exports of the fuel.1 Spot prices saw an even larger drop of 20.6 % (to US$ 2.81) as the support of December's weather - related demand spikes faded and a
more normal winter pattern developed.1 Natural
gas generally took its downward price cues from elevated US production and growth in the natural gas - focused rig count, which increased from 179 to 194 in March alone.2 Despite the price drop, traders remained optimistic given surging US shale - gas exports and a supply deficit that was 20 % larger than the five - year average at March - end, the biggest in four years.3 Moreover, total natural gas inventories of 1.38 trillion cubic feet were nearly 33 % below their year - ago level.3 Meanwhile, the market appeared focused on an anticipated production surge (2018 is projected to be a record growth year for gas supplies) and may have overlooked intensifying demand as US exports increasingly helped drain suppli
gas generally took its downward price cues from elevated US production and growth in the natural
gas - focused rig count, which increased from 179 to 194 in March alone.2 Despite the price drop, traders remained optimistic given surging US shale - gas exports and a supply deficit that was 20 % larger than the five - year average at March - end, the biggest in four years.3 Moreover, total natural gas inventories of 1.38 trillion cubic feet were nearly 33 % below their year - ago level.3 Meanwhile, the market appeared focused on an anticipated production surge (2018 is projected to be a record growth year for gas supplies) and may have overlooked intensifying demand as US exports increasingly helped drain suppli
gas - focused rig count, which increased from 179 to 194 in March alone.2 Despite the price drop, traders remained optimistic given surging US
shale -
gas exports and a supply deficit that was 20 % larger than the five - year average at March - end, the biggest in four years.3 Moreover, total natural gas inventories of 1.38 trillion cubic feet were nearly 33 % below their year - ago level.3 Meanwhile, the market appeared focused on an anticipated production surge (2018 is projected to be a record growth year for gas supplies) and may have overlooked intensifying demand as US exports increasingly helped drain suppli
gas exports and a supply deficit that was 20 % larger than the five - year average at March - end, the biggest in four years.3 Moreover, total natural
gas inventories of 1.38 trillion cubic feet were nearly 33 % below their year - ago level.3 Meanwhile, the market appeared focused on an anticipated production surge (2018 is projected to be a record growth year for gas supplies) and may have overlooked intensifying demand as US exports increasingly helped drain suppli
gas inventories of 1.38 trillion cubic feet were nearly 33 % below their year - ago level.3 Meanwhile, the market appeared focused on an anticipated production surge (2018 is projected to be a record growth year for
gas supplies) and may have overlooked intensifying demand as US exports increasingly helped drain suppli
gas supplies) and may have overlooked intensifying demand as US exports increasingly helped drain supplies.
After becoming CEO in 2006, Tillerson led Exxon through
more than a decade of ups and downs that included the late Hugo Chavez's seizure of Venezuelan oil fields, annual profits that set U.S. corporate records, and a 2010
shale acquisition that turned into a $ 35 billion wrong - way bet on natural
gas.
Johannes Teyssen, chief executive of Eon, said there were no obvious options for Europe to narrow the US advantage — whether by drilling for
shale gas, importing
more liquefied natural
gas or importing inexpensive US supplies.
More shale natural
gas from basins in Oklahoma can find its way to the market with increased network access,
shale producer Continental Resources said.
In other cases, the story is
more nuanced: For example, oil and
gas extraction firms benefit, while the producers of petroleum and coal products lose, echoing the tension between refiners and oil -
shale producers.
With the US currently feeling
more or less self - sufficient with the
shale oil /
gas boom of the last decade, the primary market for bitumen has dried up, and shipping it around the world is laughably uneconomical.
After the pipeline system was built
more economic
shale gas was discovered in other parts of the country, primarily the Utica and Marcellus
Shale.
Christian environmental groups have criticised the Church of England's stance on fracking, a controversial method of drilling for
shale gas that has been...
More
Cuomo earned international headlines and significant credit with progressives and environmentalists when he banned fracking — a decision that was supported by public polling by the time he made it,
more than six years after the state issued a de facto moratorium as it weighed the pros and cons (and polling), and that made New York the first state with a major
shale gas deposit to enact a ban.
LONDON (ICIS)-- The UK chemical sector stands to benefit from
shale gas more than any other European country thanks to a positive political environment and its large reserves, according to UK trade association the Chemical Industries Association (CIA).
Indeed, a shortage of accessible natural
gas threatens to cause
more manufacturing losses in the region, where the state has banned
shale gas production via high - pressure hydraulic hydrofracturing.
But with the possible start to drilling for natural
gas in the Marcellus
shale formation of the Southern Tier, Libous — who supports the use of hydraulic fracturing — said
more information is needed.
Some of the
more intense campaigns in the Southern Tier were framed as referendums on
shale gas development.
That's the sound of fracking — pumping a mix of water, sand and chemicals a mile or
more into the Earth to shatter
shale deposits and release the natural
gas within.
New York is in the forefront of the
shale gas boom and has been working on regulations for
more than three years.
DOE was to do a speedy analysis that could ease public concern and start the industry down a
more sustainable path as it tries to develop the 800 trillion cubic feet of technically recoverable
gas in the
shale.
Similar rules covering
shale gas will come a year later, after the agency gathers
more data on discharges.
The British Geological Survey (BGS) recently estimated that the UK has 150 billion cubic metres of
shale gas, about half of its
more conventional reserves.
And at that point,
shale gas production would still be increasing, with much
more extracted after 2030.
Coal - powered synthetic natural
gas plants being planned in China would produce seven times
more greenhouse
gas emissions than conventional natural
gas plants, and use up to 100 times the water as
shale gas production, according to a new study by Duke University researchers.
Coal - powered synthetic natural
gas plants being planned in China would produce seven times
more greenhouse
gas emissions than conventional natural
gas plants, and use up to 100 times the water as
shale gas production, according to a new study.
Simply put, the
shale basins where the
gas is trapped are at least 3,000 meters down and often
more.
China would need to increase that
shale gas production via fracking
more than 30 times in just the next two years in order to meet its goal.
Fracking to free
more natural
gas from
shale can help displace even
more polluting coal in
more developed countries such as the U.S. but can only serve as a bridge — and a very short bridge — to the zero - greenhouse -
gas pollution future, unless also outfitted with carbon capture and storage to eliminate pollution.
The study came under heavy criticism from Cornell researcher Robert Howarth, who two years prior had published work that claimed methane emissions from
shale gas operations were far
more significant.
More than 30 states have
shale formations that harbor natural
gas underground, according to the Energy Information Administration.
In the 1990s, new drilling technology developed in Texas made recovering
gas from
shale far
more efficient.
«The
more organically rich the
shale is, the
more natural
gas is present, but the
more other stuff is in there too.»
Thanks to a bonanza of natural
gas liberated from deep
shales by new techniques, the U.S. is burning
more and
more of the fuel — and considering using
more natural
gas in
more places, such as fuel for trucking.
«The report provides even
more evidence that production of
gas from
shale can be made very safe,» he added.
The illustration displayed here explains the conventional, vertical well method of extracting natural
gas, and the unconventional,
more recent method of extracting natural
gas in
shale via horizontal drilling and hydraulic fracturing.
Natural
gas is extracted from
shale plays by a process called hydraulic fracturing,
more commonly known as «fracking.»
Hydraulic fracturing, a technique for extracting oil and
gas from
shale rock, often takes place a mile or
more below groundwater supplies.
Brain research raises the possibility of a very exotic future (this article assumes that such animals wouldn't be vicious or use their new - found smarts to drive other species to extinction) «Liberated» mice from Italian lab now housed in poor conditions Methane leaks of
shale gas may undermine its climate benefits: If methane leak rates are
more than 3 percent of output, fracking of
shale gas formations may be boosting greenhouse
gas emissions rather than lowering them.
Fracking (hydraulic fracturing) rock fracturing with pressurized liquid creating cracks in deep - rock formations through which
shale gas, oil, tight gas and brine will flow more freely... major part of the Golden Age of
gas, oil, tight
gas and brine will flow more freely... major part of the Golden Age of
gas and brine will flow
more freely... major part of the Golden Age of
GasGas
Compared to coal, the [climate] footprint of
shale gas is at least 20 % greater and perhaps
more than twice as great on the 20 - year horizon and is comparable when compared over 100 years.
The effect of the
gas revolution in America on world consumption of
gas (and emissions) is less likely to be felt through American LNG exports and
more likely to be seen as the rest of the world starts looking for cheap
shale gas at home.
Afterwards, he wrote me, «My energy career spanned
more than six decades, so I deeply appreciated being recognized as an innovator... and pioneer of
shale gas.»
New York officials crafting policy to regulate
shale gas drilling amid unanswered health concerns will likely re-open the process to public hearings, essentially guaranteeing
more momentum for the movement that has effectively stalled the industry's advancement into the Empire State for
more than four years.