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 [...]
Surging prices for oil and natural gas shales, in at least one case rising 10-fold in five weeks, are raising concern of a bubble as valuations of drilling acreage approach the peak set before the collapse of Lehman Brothers Holdings Inc. Chinese, French and Japanese energy explorers committed more than $8 billion in the past [...]
Opponents of the controversial practice of hydraulic fracturing or “fracking”, used for shale gas production, dominated a hearing in New York called to review the state’s proposal to allow the technique. One of the central arguments on Wednesday was over whether allowing fracking would really create tens of thousands of badly needed jobs in New [...]
Natural gas development in the U.S. will depend not only on what happens in Washington and in statehouses across the country. It could be shaped in part by what happens in a big antelope-dotted field south of this remote valley town. Shell Oil Co. and others are taking steps – some required and others voluntary [...]
HOW IS SHALE GAS FORMED ? There are two theories as to how natural gas is formed. The most widely accepted theory, the organic theory, maintains that natural gas formation begins with photosynthesis, where plants use energy from the sun to convert carbon dioxide and water into oxygen and carbohydrates. The remains of these plants [...]
