Canada’s Nova Scotia province to ban fracking for onshore shale gas

The Canadian provincial government of Nova Scotia says it will introduce legislation this fall to prohibit high-volume hydraulic fracturing for onshore shale gas. Energy Minister Andrew Younger says he believes Nova Scotians are not comfortable with fracking. Younger’s announcement comes less than a week after a panel of experts released a report saying fracking shouldn’t…


US oil and gas companies are running out of sand for fracking: Morgan Stanley

In a research note, Morgan Stanley’s Ole Slorer, Benjamin Swomley, and Connor Lynagh write that exploration and production companies have discovered that if they use more sand when they frack unconventional shale plays, they are able to increase the amount of reserves they can extract from the ground. The sand helps prop open the rock,…


40% of countries with largest shale energy resources face water stress – WRI

If all the world’s theoretically recoverable shale gas could be developed, our supply of clean-burning natural gas would expand 47% – lowering both greenhouse gas emissions and energy prices, according to estimates from the Washington-based World Resources Institute. The hitch is that the process for extracting shale gas, called hydraulic fracking, sucks up as much…


Saudi Aramco seeks interest for work on shale gas – Reports

Four companies have expressed interest in bidding for work on unconventional gas in Saudi Arabia as the world’s top oil exporter pushes ahead with plans to develop challenging shale deposits, industry sources said. The companies are South Korea’s GS Engineering and Construction, Italy’s Maire Tecnimont, Japan’s JGC and Canada’s SNC-Lavalin, the sources told news agency…


China’s energy giants turn upbeat on shale gas

China’s energy heavyweights Sinopec Corp and PetroChina have upgraded their outlook on the country’s shale gas industry, citing steadily declining costs, but stopped short of predicting a near-term boom. China, estimated to hold the world’s largest technically recoverable shale resources, is hoping to replicate the shale boom that has transformed the energy landscape of the…


US researchers experiment using liquid nitrogen instead of water in fracking

Gas fields in the US state of Colorado soon may serve as a laboratory for testing a different way to fracture shale rock formations – one that doesn’t pump millions of gallons of water underground or yield contaminated wastewater. As activists rekindle efforts to ban hydraulic fracturing in the state, petroleum engineers in Colorado are…

PetroChina President Wang Dongjin

PetroChina aims to match Sinopec with shale gas production in China

PetroChina, the country’s largest oil and natural gas producer, aims to catch up with main competitor China Petroleum & Chemical, known as Sinopec, in the production of shale gas, according to PetroChina President Wang Dongjin. He gave no time line for achieving that at a briefing in Hong Kong after the company posted a 4%…


Still $90 billion to be made in Marcellus shale: Wood Mackenzie

The Marcellus region of the US is now the biggest natural gas shale play in the world and there’s still about $90 billion to be made by tapping the area’s reserves, according to a study by energy analyst group Wood Mackenzie. The Marcellus, which stretches from New York to West Virginia, produced about 15.6 billion…