After 15 years of research in central North Carolina studying 59,000 acres, it has been concluded that Lee, Chatham and Moore counties have enough shale gas to make the state self-sufficient for the next 40 years at current levels of consumption. “That’s what we think,” said Kenneth Taylor, chief of the N.C. Geological Survey “We could [...]
Environmentalists are ramping up their opposition to the shale gas developments in British Columbia’s northeast after successful campaigns that led to a moratorium in Quebec and a public inquiry by the U.S. Environmental Protection Agency. “They have chosen this as the next hill they want to go to, as far as having an argument over [...]
BG Group plans to invest $500 million in Bolivian gas fields over the next five years to develop the country’s growing natural gas industry. According to BG Group VP Bill Way, “there’s a lot of potential… we’ve been here for 10 years and plan to be here much longer.” BG Group currently has interests in [...]
While France is moving towards the banning of hydraulic fracturing in the extraction of unconventional oil and gas, the United Kingdom has given a green light for shale gas exploration. The House of Commons Energy and Climate Change committee has concluded that drilling for shale gas should not be banned and the new fuel source [...]
New wind farm construction is set to decline in the US next year because of competition from cheap natural gas, particularly shale gas, for power generation, according to the country’s largest developer of new wind power projects. The rise in US shale gas production had transformed the energy industry in the US, driving down gas [...]
Cheniere Energy Inc. has received US Department of Energy approval to export domestic liquefied natural gas through the Gulf of Mexico to an expanded marketplace. The company plans to refit its existing Sabine Pass gas import terminal in Louisiana to be able condense to and ship over 800 billion cubic feet of gas per year [...]
Rebutting the Howarth Shale Gas Study It’s been nearly a month since Robert Howarth’s paper claiming that shale gas was worse for climate change than coal made its big splash in the New York Times. I expressed quite a bit of skepticism at the time – and readers of this blog proceeded to dissect the [...]
There has been a lot of debate regarding the saving grace of unconventional natural gas. There is no doubt that few if any pundits were able to predict the profound impact on domestic production from the use of horizontal drilling and hydraulic fracturing in previously inaccessible tight shale gas deposits. However, perhaps the pendulum has [...]
Shale gas related deals in the first quarter totaled $9.7, according to a report released yesterday by PricewaterhouseCoopers. Two of which were deals involving the Marcellus Shale totaling $325 million and eight of the deals had a value greater than $50 million. “Shale gas plays remain very attractive to global oil and gas companies because [...]
BP PLC and ConocoPhillips have abandoned plans to build a $35 billion Alaskan natural gas pipeline. After three years and $165 million in development costs, the pipeline project dubbed “Denali,” threw in the towel, a victim to low gas prices as a result of the surging shale gas production in Texas, Louisiana, Pennsylvania and other [...]
