Outside the US, there is a currently something of a global scramble to get shale gas extraction to commercial scale, with countries like China, Poland and the UK at the forefront of these efforts. But the realty is the focus on gas is often too simplistic as evidence in the US shows, where exploiting…Details
Not too long ago Wall Street backed energy companies that promised rapid growth and planned to assemble oil and gas fields to sell, at a premium, to larger companies. But recently there has been a shift in sentiment among investors and analysts, according to a report in the Wall Street Journal. With the majors like…Details
Geology is the key limiting factor in global shale expansion, according to Noway’s Rystad Energy, an oil and gas consulting, and business intelligence data firm. Per Magnus Nysveen, senior partner and head of data analysis at Rystad, said, in the October issue of the Oil & Gas Financial Journal, that Rystad believes there is limited…Details
There is a widespread view in sections of the shale gas industry and the commentariat that the world is not yet ready to duplicate the rapid growth of Shale gas extraction in the US. Earlier this week, London’s Financial Times ran a story headlined “Shale extraction, North America sets the pace that others will find…Details
World Energy Council: growth in 2012 demand for gas outstrips coal. Are we looking to the ‘Golden Age of Gas’?
The following is a summary of the Chapter on Natural Gas in the World Energy Council’s World Energy Resurces Report released yesterday at the World Energy Congress in Daegu, South Korea “In 2012, for the first time in many years, the growth in global gas demand outstripped that of coal. Despite the current economic difficulties,…Details