The latest wave of innovation could greatly improve production and lower costs, according to a report by management consultants McKinsey & Co, written by Parker Meeks, a principal in McKinsey’s Houston office, Clint Wood, and Dickon Pinner, a principal in the San Francisco office. The production of shale gas and light tight oil using hydraulic-fracturing…
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Romania, historically one of the world’s main energy producers, became a net importer of oil and gas in the 1970s when production started to declined. However, Romania is still luckier than other Central and Eastern European countries in terms of energy dependence. With regards to natural gas supplies, about 75% are produced domestically, and the…
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Recent geological surveys have shown a larger tract of the Godavari-Pranahita basin in central India to have significant shale gas potential, wile the Krishna-Godavari offshore has already been identified as having shale gas potential, according to a report in the Deccan Chronicle. Scientists say surveys in pockets of the basin has shown that it is…
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The UK government is considering changes to trespass laws that would allow developers to access oil and gas located under private land without necessarily obtaining the landowner’s permission, a newspaper has reported. The Financial Times said that if government decided to press ahead with the changes, the relevant legislation would be included within an Infrastructure…
DetailsMovin’ Out – Exporting U.S.-Sourced LNG from the Maritimes By Housley Carr on RBN Energy LLC With Marcellus natural gas production expected to continue increasing, several companies are proposing projects to pipe a portion of the output through New England to Canada’s Maritime Provinces, where the gas would be liquefied and exported to Europe, Latin…
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Itochu Corporation, Japan’s third-largest trading house, said it booked another writedown on its investment in oil and gas producer Samson Investment Co., as its bet on the U.S. shale boom sours. The latest impairment of 29 billion yen ($279 million) follows charges of about 33 billion yen reported by the Tokyo-based company last year. Itochu…
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A new tender for shale gas exploration and production in the Silute-Taurage field, Western Lithuania, may be issued in May or June, Lithuania’s Environment Minister has said, adding that some of the required legislative acts have already been drafted and others are being worked on. “Issues related with taxes on oil and shale resources, if…
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Shale gas production in Britain could begin within four years if the current crisis in Ukraine escalates to such an extent that a national state of emergency is declared, the CEO of UK shale gas explorer Cuadrilla Resources said. Britain is in the early stages of exploring for shale gas to counter its growing dependence…
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Canadian pipeline company TransCanada Corp. said it secured nearly 2 billion cubic feet per day worth of commitments for a US shale gas pipeline system. TransCanada said the gas commitments for its ANR pipeline network would service its Southeast Main Line system in the US. About 1.25 billion cubic feet of natural gas per day…
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Natural gas producers in the Marcellus shale will benefit more than producers elsewhere in the US because of many favorable circumstances, even if prices were to decline to 2012 levels, Moody’s said in a recent report, according to the OIl & Gas Journal. The optimism pervading the 104,000-sq-mile play spanning New York, Pennsylvania, Ohio, and…
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