MercoPress. South Atlantic News Agency
UK to encourage extraction of natural gas and oil from shale rock to help with declining production
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. Read full article
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Disclaimer & comment rulesafter deepwater horizon i would suggest to the uk to keep away from everything related with oil, conventional, shale oil, whatever.
Jul 30th, 2014 - 02:06 am - Link - Report abuse 0including gas stations.
Plenty for us to do, elsewhere.
Jul 30th, 2014 - 05:06 am - Link - Report abuse 0Argentina needs £investment and know how to extract the reserves they haven't the means to get at themselves.
The UK could do that.
... umm... maybe not.
Whose land is the Govt. going to make available...?
Jul 30th, 2014 - 08:51 am - Link - Report abuse 0As the landowner gets nothing out of it....I can't see them flocking to let the Govt. rape it.....
“Get orff moi Land!”....
I understand that they are considering licensing land owners to develop the shale gas themselves by inviting oil and gas companies to do the technical work.
Jul 30th, 2014 - 08:12 pm - Link - Report abuse 0The yanks used to do this in the early days of oil until small production areas became a nuisance to them.
It’s worth trying.
4
Jul 31st, 2014 - 01:51 am - Link - Report abuse 0Under the Petroleum Act 1988, shale gas belongs to the Crown and not to the landowner and a Government licence is needed to extract it. The licence holder can obtain ancillary rights under the Mines (Working Facilities and Support) Act 1966 - for example, to occupy land, to obtain a water supply, to dispose of effluent, to erect buildings and to lay pipes. Such rights will be granted by the court if it is not reasonably practicable to obtain them by private negotiation. The landowner is entitled to compensation. However, the 2011 trespass case of Bocardo SA v Star Energy Ltd has established that the measure of such compensation will be what the grantor (the landowner) is losing rather than what the grantee (the licence-holder) is gaining.
Daylight Robbery by the Crown....
@ 5 Voice
Jul 31st, 2014 - 05:38 pm - Link - Report abuse 0You are correct in your analysis; a company I was an executive of had many quarries in which the ‘spoils’ were ‘coal measure shale’ and we sold the coal to local companies for their processes/heating etc.
However, if Camoron is sincere (is there a chance in hell of that) the law would need to be amended to cater for what has already been reported.
It could also be the usual playing to the peasants.
More than likely we will profit from the oil extracted from the Argentinian sea around the FALKLANDS. Suck it up Argies
Aug 01st, 2014 - 09:48 pm - Link - Report abuse 0Commenting for this story is now closed.
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