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Chevron starts drilling in Romania shale probe

US major Chevron has spudded its maiden shale well in north-east Romania after months of protest-related delays. “Chevron can confirm that drilling activities have commenced at its exploration well site”, a spokesman for the company in Bucharest told Dow Jones Newswires of the Barlad concession probe near the village of Silistea. “The drilling rig is…

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EIA sees US natural gas prices easing

From US Energy Information Administration Short Term Energy Outlook: Natural gas spot prices averaged $4.66/MMBtu at the Henry Hub in April, down $0.24/MMBtu from March, as spring weather finally arrived in much of the US. EIA projects that spot prices will continue to decline but at a slower pace through the spring and summer. Projected…

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UK anti-frackers say decision to allow Cuadrilla to do more exploration an ‘announcement of war’

The decision to allow Cuadrilla Resources to continue its exploratory activities in Balcombe by the county council is an ‘announcement of war’ according to villagers fighting proposals. In front of a large crowd at Horsham’s County Hall North, West Sussex County Council’s Planning Committee approved Cuadrilla’s proposal for flow testing at the Lower Stumble Exploration…

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2014 to be most active year for global shale drilling – Wood Mackenzie

2014 will be the most active year for international shale drilling, with oil & gas firms drilling some 400 shale wells outside North America this year, according to a new report by leading energy research and consulting firm Wood Mackenzie. The bulk of international shale drilling this year is concentrated in Argentina, Australia and China,…

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