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UK’s Ineos mulls shale gas investment to buttress chemicals business

The Ineos Group is considering investing in UK shale gas exploration to secure raw materials for its chemicals operations in the country after a shortage threatened to close a plant employing at least 800 people. The country’s biggest petrochemical company has charged a team of five people – led by Gary Haywood – to look…

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Cuadrilla moves closer to shale gas fracking operation in North East UK as plans ‘validated’ by local authority

UK shale gas explorer Cuadrilla Resources is a step closer to starting fracking operations in the northwest of England after Lancashire County Council formerly validated and accepted an application to drill in the county, the company said in a statement. The planning application, to drill up to four shale gas exploration wells at Preston New…

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North American views on shale gas extraction determined by ‘political-cultural traits’ – University study

Quebecers are particularly hostile toward the development of shale gas, but this aversion is driven less by ‘not in my backyard’ (NIMBY) attitudes than ‘not in anyone’s backyard (NIABY), according to a comparative study of 2,500 Quebecers and Americans conducted by Éric Montpetit and Erick Lachapelle of the University of Montreal’s Department of Political Science.…

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Jorge Capitanich

Argentina prepares to extend energy investment incentives

Argentina will extend tax and currency incentives put in place last year to attract energy investment as the government begins to discuss a new oil law with provinces, Cabinet Chief Jorge Capitanich said. The proposal offers energy companies that invest $250 million over a five-year period the options of selling 20% of production in international…

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FTS International of US enters China with Sinopec 15-year joint venture deal

FTS International has signed a 15-year joint venture with China’s Sinopec Group in a first-of-its-kind partnership that brings the US firm’s expertise in hydraulic fracturing to China’s vast shale formations. The joint venture company, called SinoFTS Petroleum Services Ltd. will be owned 55% by state-owned Sinopec and 45% by FTSI upon incorporation in China. Financial…

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ConocoPhillips

Eagle Ford shale turning up trumps for ConocoPhillips: extra resource, new tech cuts costs

Energy major ConocoPhillips has raised its resource estimate in the Eagle Ford shale by 700 million bbl to 2.5 billion bbl of oil in place after pilot tests targeting shallower levels of the formation show the company’s leasehold contains more oil than previously thought. Most of ConocoPhillips’s wells in the South Texas play target the…

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US law firm says politics, regulation to play greater role in Marcellus, Utica shale development

Pittsburgh law firm Babst Calland says the next chapter for the Appalachian shale gas industry will be shaped by political influences, regulatory and local government developments, property rights challenges and workforce safety. The firm has released its fourth annual energy industry report, “The 2014 Babst Calland Report – Appalachian Shale Industry in Transition: Evolving Challenges…

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Royal Dutch Shell sees only ‘a fraction’ of big gas export projects being built

Only a fraction of the natural gas export projects being developed around the world will become reality as high costs and weakening gas prices torpedo those that until recently promised huge returns on investment, according to a senior Royal Dutch Shell executive. Large natural gas field discoveries on and offshore have prompted several countries to…

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