US govt gives go ahead for $3 bn northeast shale as pipeline

Williams Cos. won U.S. approval to build its $3 billion Atlantic Sunrise natural gas pipeline expansion in the Northeast, ending a review that ran almost two years and forced delays in the project. The 200-mile pipeline will expand shipments from shale formations by enough to serve 7 million homes, according to Williams. The Federal Energy…

Changqing Oilfield

Petrochina aims to reach 33% of China’s shale gas target by 2020

China’s energy giant PetroChina plans to step up shale gas development in the Sichuan province this year, aiming to meet a third of a 2020 government target for the unconventional resource, according to state media and a government official. News agency Xinhua reported that PetroChina will step up drilling in southern parts of Sichuan province,…


Shale gas growth prompts Mitsubishi to expand its U.S. oil and gas business

Mitsubishi Heavy Industries will expand its operations related to supplying oil and gas-related machinery in the U.S., where further growth is expected in the shale gas production. The Japanese heavy machinery maker’s U.S. subsidiary, Mitsubishi Heavy Industries America Inc., recently set up a Houston-based unit to oversee production and sales of gas turbines and compressors…


IEA sees big increase in US shale oil as prices rise

Increases in the price of oil will trigger a “significant” increase in U.S. shale output as OPEC and other producers rein in supply, according to the head of the International Energy Agency. “U.S. shale-oil production will definitely react strongly,” Executive Director Fatih Birol said in a Bloomberg Television interview in Davos, Switzerland. At $56 to $57…


US ‘must take advantage of the estimated $50 trillion in untapped shale, oil, natural gas reserves': Trump Policy

Shortly after the inauguration of President Donald Trump, the White House posted the administration’s “America First Energy Plan” on its website. While lacking specifics about how the plan will be implemented, the plan does lay out a foundation for US energy policy for at least the next four years. Key highlights from the plan include: Eliminating “harmful…


Church of England publishes briefing paper on shale gas, fracking in UK

The Paper assesses shale gas and fracking as they relate to local communities, the environment, UK energy policy and the UK’s commitment to carbon reduction targets under the COP21 agreement. It draws on the report into shale gas and fracking published by the independent Committee on Climate Change in July 2016. The Briefing Paper concludes…


Argentina strikes deal with oil majors to develop Vaca Muerta shale

Argentina’s president has said the country has struck a deal with labour unions and a string of energy companies to lure investors to its massive shale oil and gas reserves. Oil majors including Chevron, Total, Shell, BP and Argentinian state energy firm YPF have been among the companies tipped to invest $5bn this year into the sprawling Vaca…