europe

Prospects for shale gas development in Europe: Report

Europe is particularly well suited for the development and use of natural-gas resources because of its large market, established pipeline infrastructure, increasing demand for energy, and its current dependence on natural-gas imports. Issues surrounding shale liquids and gas development in Europe are substantially different from those encountered in North America. In Europe, population density is…

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Poland’s PKN Orlen to continue with shale gas projects despite writedowns

The CFO of Poland’s biggest oil company PKN Orlen, Slawomir Jedrzejczyk, said the company will continue with Polish shale gas exploration despite booking impairments on the projects in H1. A writedown on domestic shale gas activities reduced its second-quarter earnings by almost a quarter. State-controlled Orlen, following its bigger international competitors, is changing its view…

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Exxon CEO: Europe should see climate benefits of shale gas

Exxon Mobil Corp. CEO Rex Tillerson said Europe should see the “tremendous environmental benefits” of producing natural gas from shale, pointing to the U.S. output boom as a model for cutting greenhouse-gas emissions. “Natural gas and shale have been instrumental in reducing CO2 emissions to levels not seen since the 1990s” in the U.S., he…

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Shale gas in Europe going nowhere thanks to widespread opposition, disappointing data

Energy major Chevron’s decision to stop exploring for shale gas in Poland has highlighted the sector’s uncertain future and role in strengthening energy security in Europe, according to analysts spoken to by Reuters. The US Energy Information Administration has estimated Europe could hold trillions of cubic metres of recoverable shale gas but it is still…

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