Fracking firms plan to drill up to 68 shale gas wells in England in the next five years, after being handed new rights to explore across an estimated 4,500 square miles of land. At least 14 of the new drilling sites – in parts of Yorkshire, Cheshire, Derbyshire and Nottinghamshire – are expected to be fracked under the plans, as ministers attempt to “get shale gas moving”.
At the height of the U.S. energy boom, Texas landowner John Baen received about $100,000 a month in royalty payments from companies producing oil and natural gas on his property. Now the checks are much smaller, and when he opens his mailbox each day, he’s afraid he’ll find yet another bankruptcy notice. So far, four of the producers sending him checks have caved in to rising debts as oil prices slumped, seeking court protection from their creditors.Read More
An unprecedented environmental protest movement in a remote part of Algeria has disrupted the country’s multibillion-dollar shale programme and is making political waves across the north African nation and the wider region. Since the start of January, thousands of protesters have turned up daily in the rural town of Ain Salah, in the heart of the Sahara, to take part in increasingly raucous rallies against a $70bn hydraulic fracturing project they say will pollute the groundwater and disturb the environment.Read More
L’Opec si è autoproclamata vincitrice nella sfida con lo shale oil americano. O almeno così sembra a giudicare dalle sue nuove stime, che ora incorporano una frenata delle estrazioni di petrolio dei concorrenti tanto brusca da far risalire la richiesta del suo greggio addirittura sopra il tetto produttivo di 30 milioni di barili al giorno nella seconda metà dell’anno. Le previsioni sono ovviamente di parte. E a bilanciarle ci sono gli scenari ribassisti sempre più foschi dipinti da molti autorevoli analisti, come Ed Morse, global head of commodity research di Citigroup, che in un rapporto diffuso ieri prospetta la possibilità di un crollo del Wti addirittura a 20 dollari «per un certo periodo», prima di avviare una ripresa più solidanel corso dal secondo trimestre.Read More
Algeria’s state energy company Sonatrach will press ahead with plans to develop shale gas reserves and refuses to yield to protests by local communities and environmental groups, its interim chief executive officer said. Algeria, Africa’s largest natural gas producer, will need 55 billion cubic meters of gas in 2025 compared with 35 billion cubic meters this year, Sonatrach Interim CEO Said Sahnoun said Sunday, according to state-run Algeria Press Service.Read More
This northern Colorado city vaulted onto the front lines of the battle over oil and gas drilling two years ago, when residents voted to ban hydraulic fracturing from their grassy open spaces and a snow-fed reservoir where anglers catch smallmouth bass. But these days, Longmont has become a cautionary tale of what can happen when cities decide to confront the oil and gas industry. In an aggressive response to a wave of citizen-led drilling bans, state officials, energy companies and industry groups are taking Longmont and other municipalities to court, forcing local governments into what critics say are expensive, long-shot efforts to defend the measures.Read More