Ineos boss says Europe could lose $1 trillion chemicals sector because of US shale and green taxes

Europe could lose most of its $1 trillion chemicals industry, along with its 6 million jobs, within the next decade unless it can overhaul its competitiveness in the face of US and Chinese rivals, Ineos boss Jim Ratcliffe has warned. In an open letter to European Commission president Josè Barroso, Ratcliffe the majority owner of…


Marcellus production strong; backlogged wells will support further growth: EIA

The US Energy Information Administration reports as follows (amongst other matters) in its Natural Gas Weekly Update: EIA’s recently released December 2013 data indicate that 2013 was a record year for U.S. gas production, with consistent growth in the “other states” category, which include states with active Marcellus shale production. According to EIA’s monthly production…


Rathlin Energy Limited

The principal business of Rathlin Energy Limited is in the exploration for, and development of, oil and gas reserves in Great Britain and Northern Ireland. The companies are experienced oil and gas field operators and, through the experience of the management it shares with Connaught, have drilled numerous successful exploration and development wells. Phone 02072689860…


The usual suspects – cost control, environmental footprint – drive innovation in shale gas industry

There have been some big gains in drilling efficiency in shale plays in the US. Late last year BHP Biliton, which has its foot on a big chunk of shale acreage in Texas, told analysts that the ultimate recovery from some wells had increased 50%, while drilling costs have fallen 30%. The time taken to…


EIA summary of South Africa’s shale gas resources

The US Energy Information Administration (EIA) has released this summary of shale gas resources and development progress. According to a June 2013 report released by EIA, South Africa has 390 Tcf of technically recoverable shale gas resources, making the country the eighth-largest holder of technically recoverable shale gas resources in the world. Technically recoverable resources…