Capturing value in global gas: Prepare now for an uncertain future – McKinsey

There is huge uncertainty about how global gas markets will evolve, but the extent of the value at stake makes it imperative for liquified natural gas (LNG) suppliers and buyers to act now, according to this analysis by global management consultants McKinsey & Company. Unforeseen events have disrupted the gas market in the last eight…


Russia interested in Argentina’s shale deposits: Fernandez

Argentina President Cristina Fernandez confirmed Russia’s interest in investing in Argentina’s Vaca Muerta shale formation in Patagonia and said that a Russian delegation will soon travel to the area, which holds one of the largest shale gas and oil reserves of the world. At the same time Argentine Federal minister Julio De Vido said the…


Record Marcellus shale output pressures US natural gas prices

Natural gas production from the Marcellus shale deposit in the Northeast surged above 15 billion cubic feet a day for the first time, as hydraulic fracturing and horizontal drilling unlocked underground supplies. Gross output from the region will average 15.235 billion cubic feet a day this month, up 28% from a year earlier, and 15.482…


MIT develops new process that cleans contaminated water from shale oil wells

In a nondescript site in Midland, Texas, a cost-effective new process is cleaning up some of the most contaminated water around—the extremely salty stuff that comes up with oil at wells. By the end of next month the technology is expected to be chugging 500,000 gallons per day, furnishing water that’s sufficiently clean to use…

Amylkar Acosta

Colombia readies new shale regulations as new round of auctions looms

Colombia’s environmental regulator ANLA has approved a new unconventional hydrocarbons regulation that will address hydraulic fracturing, which is ready to be implemented, Mines and Energy Minister Amylkar Acosta said. “The approval process was very long but we needed it to meet the highest international environmental standards,” Acosta said at BNamericas’ 8th Andean Energy Summit in…