After decades of failing onshore production, the US is marking a boom in shale gas that is turning the energy market into a new, exciting – and potentially lucrative – venture for the United States. “It’s a very big plus for the US economy and energy security,” said Pete Stark, vice-president of industry relations for [...]
Long-term growth in shale gas production is expected to play an important role in shaping North American, European and Asian natural gas demand, according to a new report released by Ernst & Young at the World Energy Congress. “The unconventional natural gas business may have already changed the overall supply and demand balance in North [...]
The government of India is finalizing a new policy for exploring shale gas that will provide states a share of the profit booty that exploration companies give as profit petroleum to the Central Government. This follows the announcement of the commencement of drilling of the country’s first shale gas well. Profit petroleum is a part [...]
Indian media outlets are reporting that on his upcoming visit to India, US President Barack Obama may sign a shale gas pact with the country’s government. Sources say India wants US’ help for resource assessment and training in shale gas exploration. US assistance is likely to help India to carve out shale fields in future. [...]
The U.S. shale gas expansion has brought investment in many parts of the conventional gas sector to a halt, which could result in shortages in the next decade, according to a new report from Chatham House published Friday. A rapid increase in shale gas production has been responsible for a 20-fold increase in unconventional gas [...]
Mike Simpson, General Manager, Unconventional Exploration, Global Exploration at Nexen Inc., talks about Early Mover Advantage in a World Class Shale Gas Play – Horn River Basin. Read the Article Here
Enerplus Resources Fund, a Canadian oil and gas trust company, sold $405 million worth of oilsand leases this week in order to pick up some more US shale gas assets. Enerplus already has several investments in US shale plays, including undeveloped land in northwest West Virginia and Maryland that is prospective for Marcellus shale gas. [...]
Shale gas will gain an increased prominence in the US political agenda in the coming year, according to Canadian ambassador to the US, Gary Doer. “I think we’re going to see an acceleration of policy and decisions on shale gas in the United States,” Doer said during a panel at the Global Business Forum in [...]
A recent report by Nordea Markets – a branch of the Nordea Bank in Stockholm – is predicting a shale gas revolution and foresees an energy future where shale gas takes the lead ahead of coal and oil. The kick-off for this revolution comes from the US shale boom, according the report. Plays like Marcellus, [...]
Reuters reports that Indian energy major Reliance Industries is in talks with Chesapeake Energy Corp. to buy a stake in Eagle Ford shale gas project. Chesapeake had said on Thursday that the company expects to strike a joint venture deal for the Eagle Ford acreage in the next 30 days, but did not name a [...]
