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UK shale gas extraction could be reduced by limited space to develop wells

Only a quarter of the shale gas contained in one of the UK’s largest reserves might be recoverable because of limited space to develop the wells needed to extract it, according to new research. Researchers from the ReFINE (Research Fracking in Europe) consortium looked at the impact of existing and immovable infrastructure – such as buildings, roads…

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Reputable economic study weighs benefits, costs of living near US shale hot spots

Average households in U.S. shale oil and gas drilling hot spots have experienced property value, income and other benefits that outweigh the costs of a diminished quality of life brought on by the industrial activity, economists reported in a recent study for the Social Science Research Network (SSRN). The benefits were not uniform across shale drilling regions, some…

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More than a share in shale gas profits needed to sway UK public opinion on fracking

Britain is due to receive its first delivery of shale gas imported from the US, which will arrive at Grangemouth petrochemical plant in Scotland next month. That the UK is importing a tanker-full of shale gas from the US despite sitting on substantial resources of its own reveals just how far advanced the US shale gas industry…

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Fracking sand mining has large impact on local economies – study

Hydraulic fracturing in shale formations requires large quantities of frac sand and mining it has become big business, especially in Wisconsin, according to a new study from The Heartland Institute. The study, titled “Economic Impacts of Industrial Silica Sand (Frac Sand) Mining,” is the second in a series by Heartland Institute Research Fellow Isaac Orr…

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US shale energy opportunity: A win-win for economy, environment – Harvard study

America’s unconventional gas and oil resources are a once-in-a-generation opportunity to enhance the nation’s economic competitiveness while minimizing environmental impacts, and making major progress toward reduced greenhouse-gas emissions. But there is a real risk that American citizens, companies, and communities will fail to capitalize on this opportunity because of misunderstanding and distrust. Unconventional energy production…

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US to launch blitz of gas exports, eyes global energy dominance

The United States is poised to flood world markets with once-unthinkable quantities of liquefied natural gas as soon as this year, profoundly changing the geo-politics of global energy and posing a major threat to Russian gas dominance in Europe. “We anticipate becoming big players, and I think we’ll have a big impact,” said the Ernest…

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Shale gas renaissance reshaping Latin America petrochemicals: IHS Report

The North American petrochemical renaissance, driven by low-cost shale feedstocks, is reshaping the Latin American petrochemical industry, including investments and projects in Brazil, Mexico, and other countries in the region, according to IHS Chemical. “This is a critical time of change and opportunity for the Latin American petrochemical industry,” said Rina Quijada, senior director, Latin…

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The Southeast: emerging demand epicentre of US gas industry

With U.S. natural gas production continuing to hit all-time records, the big question for the gas market is demand. Where is all that gas going to go? Well, we are pretty sure that most of the supply growth will be absorbed by the triad of new gas fired power generation, industrial demand and exports. The…

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