EU Parliament Research Report on Unconventional gas and oil in North America

Following is the Executive Summary of a report entitled Unconventional gas and oil in North America: The impact of shale gas and tight oil on the US and Canadian economies and on global energy flows produced by European Parliamentary Research Service. The full report is available here The ‘shale revolution’ Over the past decade, the US…


UK research finds fracking increases water radioactivity but would not pose a threat to public health

Hydraulic fracturing, or fracking, to extract oil and gas from shale rock will increase water radioactivity but not pose a threat to public health, a study has warned. Research published by experts at UK’s Durham University has found that waste fluids from shale gas exploitation will contain radioactive elements. ReFINE (Researching Fracking in Europe), an…


Review of World shale development potential: Argentina with nose in front for now: Accenture

In a comprehensive review of the potential for the development of the shale gas industry outside the US, global management consultants Accenture believe that Argentina is the most promising market today, but cautions this may change depending on how other markets address key development factors. They argue that it is possible, for example, that Australia,…


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…


US EIA China Report February 2014

China’s robust economic growth and thirst for energy resources in the past decade has driven it to become the top global energy consumer.  China has the largest oil and gas production in the Asia-Pacific region and the largest coal production in the world, but the country’s escalating energy demand is increasing its reliance on imports…


UK Strategic Environmental Assessment for Further Onshore Oil and Gas Licensing

The Regulatory Roadmap sets out the process operators should follow when seeking to drill for onshore oil and gas in the UK. The content is primarily for unconventional oil and gas operations, (specifically shale gas and coal bed methane developments) but many of the processes described will apply equally to conventional operations.The Roadmap is intended…


Technically Recoverable Shale Oil and Shale Gas Resources: An Assessment of 137 Shale Formations in 41 Countries Outside the United States

This report provides an initial assessment of shale oil resources and updates a prior assessment of shale gas resources issued in April 2011. It assesses 137 shale formations in 41 countries outside the United States, expanding on the 69 shale formations within 32 countries considered in the prior report. The earlier assessment, also prepared by…