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Montevideo, November 13th 2018 - 18:09 UTC

Tag: fracking

  • Wednesday, February 14th 2018 - 16:28 UTC

    Clean Oil That Only Costs $20

    If there's one big reason for the U.S. energy revolution, it's that new technology has allowed American companies to beat the competition

    The United States is in the midst of an energy revolution.

    Oil production has risen by 5 million barrels per day (bpd) since 2010, an increase of nearly 100 percent. New technology, particularly techniques in shale oil drilling, has opened up vast new opportunities for oil and gas companies.

  • Thursday, June 23rd 2016 - 13:22 UTC

    German coalition bans fracking for shale gas indefinitely, but with parliament reassess in 2021

    German industry is keen to keep the door open to fracking arguing it could help lower energy costs, but opposition from the green lobby is strong

    Germany's coalition government agreed this week to ban fracking for shale gas indefinitely after years of fractious talks over the issue, but environmental groups said the ban did not go far enough and vowed to fight the deal. Test drilling will be allowed but only with the permission of the respective state government, officials said.

  • Wednesday, May 25th 2016 - 07:02 UTC

    UK tremor: North Yorkshire approve fracking operations

     The vote triggered a fierce response from environmentalists who see fracking as a threat to local countryside and a deviation from UK climate-change promises.

    The first fracking operation in the UK since 2011 earthquake scares has been approved by North Yorkshire councilors, stirring a fresh debate on the benefits and risks of the controversial gas extraction method. Councilors granted permission to UK firm Third Energy to use hydraulic fracturing, or fracking, at an existing drilling site near the village of Kirby Misperton.

  • Tuesday, January 6th 2015 - 07:41 UTC

    US oil price falls below 50 dollars threshold, and markets decline sharply

    US oil production has soared recently, as fracking has revolutionized oil production in the country

    The US oil price fell below the symbolic threshold of $50 a barrel for the first time since April 2009, before finishing the day at $50.05. The price of Brent crude also fell on Monday, dipping 6% to $53 a barrel.

  • Wednesday, November 26th 2014 - 06:48 UTC

    Follow the sand to the real fracking boom

    This all puts frac sand in the drivers’ seat of the next phase of the American oil boom, and it has already seen its price increase up to 20% over the past year

    When it takes up to four million pounds of sand to frack a single well, it’s no wonder that demand is outpacing supply and frack sand producers are becoming the biggest behind-the-scenes beneficiaries of the American oil and gas boom.

  • Wednesday, July 30th 2014 - 01:34 UTC

    UK to encourage extraction of natural gas and oil from shale rock to help with declining production

    “Unlocking shale gas in Britain has the potential to provide us with greater energy security, jobs and growth,” said energy minister, Matthew Hancock

    The British government plans to make more land available for licensing for oil and natural gas exploration in the first such expansion since 2008. The move, which had been anticipated by the oil and gas industry, could prove to be a milestone in efforts by the government of Prime Minister David Cameron to encourage the extraction of natural gas and oil from shale rock.

  • Saturday, May 24th 2014 - 00:37 UTC

    The California shale bubble just burst

    Santa Cruz county and Los Angeles banned fracking

    The great hype surrounding the advent of a shale gas bonanza in California may turn out to be just that: hype. The U.S. Energy Information Administration (EIA) – the statistical arm of the Department of Energy – has downgraded its estimate of the total amount of recoverable oil in the Monterey Shale by a whopping 96%. Its previous estimate pegged the recoverable resource in California’s shale formation at 13.7 billion barrels but it now only thinks that there are 600 million barrels available.

  • Wednesday, January 15th 2014 - 07:11 UTC

    New EPA rule requires chemical disclosure for offshore fracking

    Governor Jerry Brown does not support a ban on fracking and insists the new law is rigorous.

    By. Nick Cunningham of Oilprice.com - The U.S. Environmental Protection Agency published a rule on January 9, 2014 requiring oil and gas companies using hydraulic fracturing off the coast of California to disclose the chemicals they discharge into the ocean. Oil and gas companies have been fracking offshore California for perhaps as long as two decades, but they largely flew under the radar until recently.

  • Friday, November 1st 2013 - 21:29 UTC

    Risks to public health from fracking for shale gas are low, says UK government

    The report draws on American research, which is criticized for having a small size sample

    The risks to public health from fracking for shale gas are low, according to a new official report. Any problems publicized so far - such as in the US - are the result of operational failure or poor regulation according to a study, by Public Health England, an agency of the Department of Health, reviewed the latest research.

  • Sunday, October 13th 2013 - 12:09 UTC

    China becomes world’ biggest net importer of oil displacing the US

    US is increasingly able to support itself after the growth of its domestic hydraulic fracturing, or fracking

    China has knocked the US from its top spot as the world's biggest net importer of oil, US government data shows. The country's fast-growing economy, as well as the rise in car sales, has led to its new status, according to September's data. Oil consumption in China had outstripped production by 6.3 million barrels a day, said the Energy Information Administration (EIA). In the US, the figure was 6.1 million.

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