UK’s Ineos Upstream acquires 400 km2 shale gas licence area in Central Scotland

Grangemouth Refinery owner Ineos has acquired an 80% stake in a 400 square kilometre shale gas licence area in Central Scotland. Ineos Upstream has acquired the majority stake in the Petroleum Exploration and Development Licence (PEDL) 162, which neighbours the 329 square kilometre licence area in Scotland’s Midland Valley Ineos purchased a 51% stake in…

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China’s shale gas production surging: official

China’s shale gas production in 2014 will surpass 1.5 billion cubic meters, 7.5 times that of 2013, an energy expert predicted. Jiang Xinmin, a researcher with the Energy Research Institute under the National Development and Reform Commission, the country’s top economic planner, also predicted that China’s shale gas production would top 6.5 billion cubic meters…

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Many US shale firms report differing estimates of reserves to stock exchange and public

Lee Tillman, CEO of Marathon Oil, told investors last month that the company was potentially sitting on the equivalent of 4.3 billion barrels in its US shale acreage, according to a report by Bloomberg. That number was 5.5 times higher than the proved reserves Marathon reported to federal regulators. Such discrepancies are rife in the…

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Sanctions push another energy giant out of Russian shale exploration

Western sanctions against Russia have led Royal Dutch Shell to discontinue its work with Gazprom Neft extracting shale oil from a field in Siberia. This follows the withdrawal of ExxonMobil and Total SA. In announcing Shell’s suspension on its website, Gazprom Neft, part of the Kremlin-run gas monopoly Gazprom, said it will continue work “by…

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Not all shale is created equal, and the same is true of water treatment

  Not all shale is created equal. That means flowback — the watery mix filled with sediment, chemicals, metals and salt that returns to the surface after hydraulic fracturing — isn’t all the same, either. “Each shale will have different waste fluids,” said David Yoxtheimer, a hydrogeologist with Penn State University’s Marcellus Center for Outreach…

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UK Government provides underground drilling access for shale developers, despite ‘recognising’ opposition

Following three month’s public consultation, the UK Government has said it will proceed with its plans for changes to the laws concerning underground drilling access in connection with projects involving shale drilling and fracking, as well as geothermal energy extraction, despite ‘recognising’ opposition to fracking. It noted however that 55% of stakeholders supported the proposals.…

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Norway’s Statoil, Royal Dutch Shell to assess Algerian shale

Norwegian energy company Statoil and Royal Dutch Shell will spend the next two years assessing the shale gas potential in Algeria. “Statoil is entering this shale play to test the prospectivity and commerciality through a step-wise approach,” Nick Maden, a senior VP of exploration for Statoil, said in a statement. “The first exploration phase is…

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