UKOOG and the GMB recently (8th June 2015) announced the agreement of a joint charter
on shale gas, focusing on safety, skills and supply chain development.
Interestingly, France imposed an interim moratorium
on shale gas extraction earlier this year, and may ban it entirely, after the government backed a draft bill that would outlaw the controversial process.
Private - sector deals like these will help enhance coooepration
on shale gas development.
China's Environmental Protection Ministry has not conducted extensive studies
on shale gas development, and Chinese journalists have recently begun traveling abroad to study our shale developments and learn from our experiences and concerns.
A moratorium on Underground Coal Gasification was put in place on 8 October 2015, separately from the ongoing moratorium
on shale gas fracking and coalbed methane extraction.
Below, Iraq war veteran Joshua Cannon is among the first Pennsylvanians to land a job
on a shale gas rig.
While some gas and oil giants are pulling back from shale investments in order to reduce «stranded asset» exposure, it's worth noting that the shale gas giant ExxonMobil has been doubling down
on shale gas, possibly with an eye toward supplying the gas - to - plastics market rather than the energy market.
In mid-2010, the World Energy Council published a comprehensive report
on shale gas.
-- Muller believes humans are changing climate with CO2 emissions — humans have been responsible for «most» of a 0.4 C warming since 1957, almost none of the warming before then — IPCC is in trouble due to sloppy science, exaggerated predictions; chairman will have to resign — the «Climategate» mails were not «hacked» — they were «leaked» by an insider — due to «hide the decline» deception, Muller will not read any future papers by Michael Mann — there has been no increase in hurricanes or tornadoes due to global warming — automobiles are insignificant in overall picture — China is the major CO2 producer, considerably more than USA today — # 1 priority for China is growth of economy — global warming is not considered important — China CO2 efficiency (GDP per ton CO2) is around one - fourth of USA today, has much room for improvement — China growth will make per capita CO2 emissions at same level as USA today by year 2040 — if it is «not profitable» it is «not sustainable» — US energy future depends
on shale gas for automobiles; hydrogen will not be a factor — nor will electric cars, due to high cost — Muller is upbeat on nuclear (this was recorded pre-Fukushima)-- there has been no warming in the USA — Muller was not convinced of Hansen's GISS temperature record; hopes BEST will provide a better record.
As the United States focuses more
on shale gas reserves, India is expected to become the second largest coal consumer in 2017, ranking only behind China.
I should note that the $ 165.4 billion figure includes money spent
on shale gas development.
We're committed to science - based climate pollution targets through the Greenhouse Gas Reduction Act, and are the first state sitting
on shale gas to ban fracking before drilling began.
Please read the full post and explore other output from the Nicholas School blog (including this excellent summary of a recent meeting
on shale gas extraction).
For more, I encourage you to explore materials posted by Duke University in the wake of an incredibly informative public forum
on shale gas earlier this month.
Added, Dec. 17, 9:30 p.m. Here's an excerpt from the Department of Health review of research
on shale gas and illness, which found too many unresolved questions and plausible risks to endorse high volume hydraulic fracturing (abbreviated as HVHF in the report):
For Mitchell, who passed away at age 94, broke the code
on shale gas and launched the unconventional revolution in oil and gas.
These include the U.S. - China Oil and Gas Industry Forum and a U.S. - China initiative
on shale gas that he negotiated while at the State Department, which has broadened into the Unconventional Gas Technical Engagement Program.
So much of the innovative work
on shale gas was underwritten or led by federal agencies and laboratories, who later proved eager to share their results with George Mitchell in his quest to crack the Barnett shale in Texas.
Alex Crawley, one of the leading engineers working
on shale gas for the Department of Energy, recalls his efforts derided as «Crawley's folly.»
Some sort of national organization focused
on shale gas should also be formed, the report says.
One of the major risks of dependence
on shale gas is that wells» production drops off so sharply, Hughes says.
Some of the more intense campaigns in the Southern Tier were framed as referendums
on shale gas development.
Ed Davey has dismissed the prime minister's claim that fracking has potential to «drive energy bills down» in a speech
on shale gas development.
From an eyewitness account of the Tuesday Town of Sanford Board meeting, we heard the following: «People speaking included those with land and with leases who had signed the petition asking for the resolution that was passed to be rescinded, for board members with conflicts of interest to recuse themselves from shale gas decisions, and for no resolutions
on shale gas extraction to be passed without notifying the public a week in advance and allowing full participation.
Major issues during the 2015 legislative session included a severance tax
on shale gas, pension reforms, liquor privatization, and judicial reforms.
in the Southern Tier, money will flow to landowners who won't get to cash in
on shale gas exploration royalties, thanks to Cuomo's fracking ban;
The Continent has been very slow to move
on shale gas, and the U.K. has only lately, and somewhat reluctantly, started to embrace fracking.
China has cut resources tax
on shale gas production by 30 percent from April 1, the Ministry of Finance said on Tuesday, as the world's largest energy consumer aims to Continue Reading
Responding to pressure from environmental opponents and fearful residents, shale - rich Quebec, France, New York and New Jersey have all imposed moratoriums
on shale gas drilling pending further study of environmental and health impacts.
Finally, one from the Fortune archives: Brian O'Keefe's 2012 magazine story on ExxonMobil's big bet
on shale gas.
Not exact matches
Oil and
gas will remain key energy sources despite the presence of
shale and other alternative energy resources, the president of oil and
gas company BHGE told CNBC
on Monday.
Hope for exporting Canada's surplus production, especially from the mammoth
shale fields in northeastern B.C., now rests
on the construction of terminals
on the B.C. coast to liquefy the
gas and ship it to Asia, where prices are currently six times higher than they are here.
Also, notwithstanding a silly fiscal policy and the ongoing political impasse, the U.S. economy has some very good things going for it now, as even king of doom, Nouriel Roubini, couldn't help but note: the Fed is going to stick to its asset - buying regime for the foreseeable future, providing a monetary protein shake the recovery still very much needs; the housing rebound is well
on its way, which is helping Americans rebuild their wealth and is boosting employment in many states with high jobless rates; and the
shale oil and
gas revolution continues to power investment, job creation and revenue growth.
Had the deal closed, the sale of a half - interest in the Cutbank Ridge
shale gas play would have been the largest investment of any kind by a Chinese state - controlled firm in Canada and the biggest reason to expect to see Asia - bound liquefied natural
gas tankers docking
on the West Coast in the not - too - distant future.
Chinese state - owned firms are making headway
on projects to boost
shale gas output, but bottlenecks remain, says Tingyun Yang of Wood Mackenzie.
The firm had taken a bearish view
on Exxon due to challenges in its European natural
gas operations, «lackluster» growth in oil and
gas production, a pricey acquisition in U.S.
shale fields and the lack of share buybacks.
The deal announced Wednesday will merge Rice Midstream Partners with EQT Midstream Partners, both of which are focused
on the Appalachian region, the epicenter of the U.S.
shale gas boom.
Calima was one of the early movers in the liquids - rich corridor running through the Montney Basin, which is already one of the hottest
shale plays in North America
on the basis of its proven ability to produce big volumes of
gas at low cost.
And not only is Britain thought to have generous reserves of
gas trapped in underground
shale formations, it is one of the few countries remaining in Europe not have banned fracking, as many of their neighbors
on the Continent already have done, including France and Germany.
Papa, CEO of Centennial Resource Development, is a closely followed figure in the U.S.
shale drilling world, where producers rely
on advanced techniques to coax oil and
gas from tight rock formations.
On the
shale revolution, the report concedes that energy prices for U.S. businesses might well rise if Washington decides to lift an old prohibition to export natural
gas to countries who haven't signed a free trade agreement with the U.S. (which includes Japan and China, among America's best potential customers.)
His front - page articles
on fracking and
shale gas and oil introduced readers to the companies, technology, and personalities that changed the global energy landscape.
Meanwhile, continued development of
shale oil and
gas in Pennsylvania, Ohio, West Virginia, and elsewhere has helped reduce U.S. dependence
on foreign energy and brought back thousands of manufacturing jobs.
The biggest challenge facing the new government will be the scale of its Soviet - like subsidies for
shale gas development and the missing science
on hydraulic fracturing.
This is a province with enough environmental mettle to turn its back
on drilling for potentially rich
shale gas reserves in the St. Lawrence Valley.
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.
The Argentina government has been keen
on attracting some of the largest energy companies in the world to scale up
shale oil and
gas drilling.
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.
Oct. 4 2012: France will maintain a ban
on fracking until there is proof that
shale gas exploration won't harm the environment or «massacre» the landscape, President Nicolas Sarkozy said.
The original
shale gas play, the one that kicked off the
shale drilling bonanza a decade ago but then went into decline, is getting a new lease
on life.