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Argentina drafts new energy bill to lure foreign investors to shale deposits

Argentina’s federal government has reached agreement with provinces on reforms to overhaul energy regulations and improve incentives to lure the foreign investors to develop its vast shale oil and gas reserves, according to a report by Reuters news agency. The cash-strapped South American country, which defaulted on its debt in July and cannot tap global…

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Chevron is first to meet tougher voluntary shale drilling standards

Chevron has become the first energy company to meet a new set of voluntary shale gas drilling standards that aim to go beyond existing state laws in Pennsylvania, Ohio and West Virginia, the Pittsburgh-based Center for Sustainable Shale. The center is a partnership between major energy companies, environmental groups and charitable foundations. Its certification process…

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Australia’s Productivity Commission to investigate gas policy questions

The Productivity Commission, the Australian Government’s official think tank, will start a project examining gas policy as the domestic market readies for a major transformation driven by the opening up for Australia’s LNG export sector that could see prices triple. The Commission will look at “selected policy issues” in the gas exploration, production and transmission…

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