Latest news
Eni to abandon shale gas projects in Poland
Italian energy firm Eni intends to abandon its shale gas projects in Poland due to unclear regulation and difficult geology, the same concerns that have already pushed other foreign firms as Marathon Oil, Talisman Energy and Exxon Mobil, to quit Polish shale. If Eni will leave as well, Chevron and ConocoPhillips would be the last two companies committed to a shale gas industry in Poland.
read more... 15/01/2014
Chevron gets the green light to develop UK’s Alder field in North Sea
The oil major Chevron unveiled it has reached a final investment decision and got the green light from the U.K. government to proceed with the development of the Alder Field in the Central North Sea.
read more... 15/01/2014
Total to start fracking in UK
The French oil giant Total is on the brink to become the first major oil company which would explore for natural gas and oil in shale rock in UK, as the company has acquired a 40% stake in two shale gas exploration licences in Lincolnshire in the East Midlands.
read more... 13/01/2014
China’s shale gas production increased considerably last year
According to the Ministry of Land and Resources, shale-gas production in China enhanced more than fivefold last year, to 200 million cubic meters. Oil and natural gas output hit record highs last year stated the Ministry.Production of crude rose 1.8% to 210 million metric tons while conventional gas increased 9.8 % to 117.7 billion cubic meters.
read more... 09/01/2014
EMEA to lead natural gas processing capacity by 2017
A new report presented by GlobalData, Europe, the Middle East and Africa (EMEA) are likely to build the most new natural gas-processing capacity in the coming years, enhancing the overall region’s capacity by more than 10 trillion cubic feet by 2017, followed by the Americas and Asia-Pacific region. The region, combined with Iran and Saudi Arabia, will account for 43% of new capacity worldwide over the forecast period.
read more... 06/01/2014