UK shale industry calls for standalone regulator

The UK fracking industry needs a new regulator to give the public more confidence in the fledgling sector, an industry-backed body has concluded. Current regulation, involving a number of government departments, is “complex and relatively unapproachable”, says a report by the Task Force on Shale Gas. It said a new regulator should independently monitor fracking…


Final US federal fracking rules earn predictably mixed responses

On Friday the Obama Administration released what the US Department of Interior deemed the “Final Rule to Support Safe, Responsible Hydraulic Fracturing Activities on Public and Tribal Lands”. The new regulations primarily address well integrity, water protection and the long-awaited detailing of chemical disclosure. While many environmental organizations claim the new standards are merely paper…


BHP downgrades long term hopes for US shale oil

Australian-headquartered resources giant BHP Billiton’s CEO Andrew Mackenzie says the US shale oil and gas sector that the company spent $20 billion entering into in 2011 in its biggest acquisition since the 2001 merger with South Africa’s Billiton is not looking as profitable in the long-term as was initially thought. Mr Mackenzie’s comments, made to…