Big changes coming to the LNG market will impact shale gas

For years now, the international LNG trade has been based primarily on long-term contracts between buyers and sellers, and those deals have been indexed to oil prices. That long-standing regime is now tottering, however, and a New World Order that would add considerable flexibility to LNG trading – and increase the role of the LNG…

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Wintershall begins own-operated Argentina shale exploration programme

German energy giant Wintershall has launched its first own-operated exploration well in Argentina in the Aguada Federal block in the province Neuquén Alongside the US, Argentina is one of the most important growth regions in the field of unconventional oil and gas production. Wintershall has launched its first exploration well in the central Argentinean province…

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Australia’s Northern Territory shale gas potential more than hot air

The Northern Territory’s shale oil and gas potential has geologists excited. The shale industry is in its infancy in the Territory, with only a handful of gas wells drilled so far, however a reserve known as the Beetaloo Sub-basin, within the McArthur Basin, has encouraged further exploration. The sub-basin is situated about 500 kilometres south-east…

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Ineos offers homeowners a share of wealth in Scotland’s Central Belt shale gas field

Chemicals group Ineos’ Grangemouth boss Jim Ratcliffe has offered Scots homeowners a share worth hundreds of millions of pounds in the Central Belt shale gas field as it launches a public consultation on the exploitation of shale gas deposits.. Ratcliffe, the public face of the fractious 2013 industrial dispute when he threatened to close the…

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Chevron to buck trend and invest in Australian shale gas

Australia’s shale gas future may be brighter than many think, with US supermajor Chevron indicating it may buck the trend of international and Australian companies cutting back on spending in the fledgling industry. On top of this, former Beach Energy managing director Reg Nelson, who retired this week after 20 years in the position, gave…

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