Barclays is backing the search for shale gas in Yorkshire and could fund fracking, or hydraulic fracturing, in the area as early as next year. Third Energy, which is 97%-owned by Barclays Natural Resource Investments, a private equity arm of the Bank, took shale rock samples while drilling in Kirby Misperton, Ryedale, in North Yorkshire…
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Pakistan’s Ministry of Petroleum and Natural Resources has started work on a plan to explore shale gas/oil in the country. The US Energy Information Administration (EIA) estimates that Pakistan has a resource of 586 trillion cubic feet (tcf), of which 105 tcf might be recoverable, and over 9 billion barrels of shale oil. According to…
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Future lies in shale gas, coal bed methane: Indian Official India like the US and other countries will have to depend increasingly on shale gas, coal-bed methane and other unconventional or non-conventional sources of energy as the conventional ones are getting depleted and the Oil and Natural Gas Corporation (ONGC) is gearing up for the…
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A record 400 shale wells may be drilled beyond US borders in 2014, with most in China and Russia, according to energy consultants Wood Mackenzie Ltd. While that is a fraction of the thousands of shale wells drilled in the US, the number of rigs used onshore in Europe and the Asia-Pacific region has increased…
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Not too long ago Wall Street backed energy companies that promised rapid growth and planned to assemble oil and gas fields to sell, at a premium, to larger companies. But recently there has been a shift in sentiment among investors and analysts, according to a report in the Wall Street Journal. With the majors like…
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Shale Gas will over the next two decades change the nature of the global energy market. Already it has transformed the United States’ energy market, which will soon become a net exporter. Large shale gas reserves have been identified in Asia, in Europe, including the United Kingdom, in Africa and Australia. This section reviews the…
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More than 100 million cubic meters of shale gas has been extracted in China this year, China’s Ministry of Land and Resources has reported. The second round of shale gas development is also expected to begin its first drilling in late November, according China’s news agency Xinhua. The Ministry’s Zhang Dawei, Director of Mineral Resources…
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As the shale energy revolution is gaining speed in the U.S., transportation and logistics companies are experiencing an immediate and dramatic impact, according to a new PwC US report, Shale Energy: A potential game changer – Implications for the US transportation & logistics industry. Since 2010, the U.S. has emerged as the largest gas producer…
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Denver-HQed MarkWest Energy Partners, L.P. has signed a long-term, fee-based deal with Antero Resources for the development of an additional cryogenic gas processing plant at Markwest’s Sherwood complex in Doddridge County, West Virginia. MarkWest will build a fifth 200 million cubic feet per day (MMcf/d) processing plant that is expected to begin operations in third…
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British Energy Minister Michael Fallon said the potential prize for energy companies taking an early interest in the country’s shale potential may be huge. “The U.K. is sitting on significant amounts of shale and the potential prize for energy security and investment is huge,” he was quoted as saying Monday by The Daily Telegraph newspaper.…
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