Argentina re-launched a one-year-old agreement between the government, companies and workers to drive competition and spur development in the Vaca Muerta shale play, the government said in a statement.
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.
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.
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.
Shale gas may be the solution to one of the most serious problems the Chilean mining industry is facing because of the very high energy prices due to limited supply.
Giant Anglo-Australian miner BHP Billiton has agreed to buy shale gas assets from US firm Chesapeake Energy for 4.75 billion US dollars. The purchase of Chesapeake's stake in a field in Fayetteville, Arkansas represents a move into the rapidly expanding shale gas business for BHP.