The energy landscape is changing fast with so-called “unconventional” forms fast becoming the new norm, says accounting firm Ernst & Young. Of the $317 billion worth of oil and gas deals struck in 2011, $66 billion were shale-related transactions, up from $55 billion the year before. That trend is set to continue, and at the [...]
New Brunswick’s relatively untapped shale gas reserves are creating quite the stir and the province’s biggest corporate players are arguing they can operate without damaging the environment. Senior representatives from SWN Resources Canada, Corridor Resources and Contact Exploration wrote in separate opinion articles for CBC News that they believe the province could prosper if the [...]
Energy company executives on Wednesday argued that states — not the federal government – should take the lead in regulating the hydraulic fracturing process being used to produce natural gas from shale formations in New York, the Midwest and Texas. Geologic differences among the regions mean what works in one state might not work in [...]
A new report issued by Deloitte says that unconventional gas has dominated US oil & gas mergers and acquisitions (M&A) this year. In the last twelve months, “there have been six deals targeting unconventional US reserves…worth a whopping $52 billion” writes Vincent Fernando for Business Insider. Deloitte’s Oil & Gas Mergers and Acquisitions Report For [...]
A new article on BBC.com is says the abundance of shale gas, both in the US and around the world, promises and energy revolution. Alasdair Cross, who is also Producer of the BBC Radio 4 show “Costing The Earth,” says that despite concerns about the environmental impacts of shale gas drilling. “Shale gas seems to [...]
Days after a Global Shale Gas Initiative Conference held in Washington, DC where the United States pledged to help major economies such as China and India develop shale gas, the US State Department sponsored the visit of another group of international visitors who have their eyes on shale gas. Representatives from Armenia, Bulgaria, China, India, [...]
ExxonMobil subsidiary XTO is set to begin drilling Dallas’ first shale gas well, which is located in the Barnett Shale play. Compared to the rest of Texas, Dallas has not jumped on the shale gas boom as quickly as other cities, mostly because experts say there is less gas in Dallas than in other parts [...]
The invention of hydraulic fracturing (also known as fracking) has been the key to the success of shale gas throughout the world. Without the technology for horizontal drilling, this vast resource might have remained unknown and untapped. This is a great video that describes how horizontal drilling and fracking work:
A new article on the Financial Times Blog takes a look at the year’s major US shale gas projects including shale play developments, oil giant acquisitions and the overall growth of what author Gwen Robinson calls “the sexy new energy play.” In the last year alone, shale gas has made major advancements in becoming a [...]
