Shale gas revolution set to provide over a third of the UK’s energy needs April 23, 2014 OVER one third of the UK’s energy will come from shale gas in the next decade, with 4,000 wells set to be drilled across the country by 2032, a new report claims today. An astonishing 20m homes could be powered by shale gas, according to the government-backed study commissioned by the UK Onshore Operators Group [...]
IGas shares soar as government plans to free up rules on fracking April 22, 2014 SHARES in IGas jumped over 11 per cent yesterday, after the government indicated that energy companies would be able to explore for shale gas without permission from private landowners. The planned move will be included in the Queen’s speech in June as part of an infrastructure bill and is aimed at encouraging investment into the [...]
Shale to boost jobs across the supply chain April 21, 2014 THE UK’S burgeoning shale gas industry will create tens of thousands of jobs and billions of pounds worth of investment across the supply chain, according to a new report set to be published this week. The study, commissioned by the UK Onshore Operators Group and undertaken by EY, is expected to warn that the country [...]
Shell slashes US spend as shale fails to deliver March 13, 2014 THE FORMER chief executive of Royal Dutch Shell had his pay halved last year in light of the oil giant’s “disappointing” performance, as the FTSE 100 firm unveiled its plans to slash its US upstream spending by 20 per cent. Peter Voser, who stepped down at the end of 2013, took home £7.2m, down from [...]
Why today’s Manchester court decision to move fracking protesters is a boost for shale gas everywhere March 10, 2014 Investors in the UK’s burgeoning shale gas industry should be delighted with today’s decision by a Manchester court to remove anti-fracking protesters from land near Barton Moss, where energy company IGas has begun exploratory drilling for shale gas. Judge Mark Pelling QC ruled in favour of landowners the Peel Group and has said that protesters [...]
Cuadrilla geologist ups shale gas estimate by 50 per cent March 5, 2014 Estimates of shale gas reserves in parts of the North West of England have been raised by 50 per cent. A geologist with shale gas explorer Cuadrilla, said there could be as much as 330 trillion cubic feet (tcf) of shale gas in the company's licensed area, according to the BBC. Using data from fracking [...]
Landowners go to court to get protesters to frack off February 20, 2014 A High Court hearing in Manchester tomorrow will decide whether landowners The Peel Group will be granted a consent order to remove anti-fracking protesters from their land, where energy firm IGas wants to start exploratory drilling. Protesters opposed to the hydraulic fracturing – or fracking – technique used to extract shale gas have moved [...]
Cuadrilla plans to frack at two Lancashire sites February 4, 2014 SHALE GAS explorer Cuadrilla Resources yesterday said that it plans to start fracking at two new sites in Lancashire, to the alarm of environmental groups who say it will not solve the UK’s energy problems. The company, which has British Gas-owner Centrica as a stakeholder, said that it plans to apply for permission to hydraulically [...]
BP forecasts shale boom will transform the energy market January 15, 2014 GLOBAL energy consumption will rise by 41 per cent by 2035, with 95 per cent of that growth in demand coming from emerging markets, research from oil major BP predicted yesterday. But energy use in developed markets is expected to grow very slowly and will begin to decline in the later years of the forecast [...]
Britain must do more to accelerate exploitation of its vast shale potential January 13, 2014 TO SUPPORT the development of its huge shale potential, Britain desperately needs the backing of investors, local communities, and local government. The stakes are high – with the slow demise of the North Sea, we face rising import bills, a rapidly declining tax base and, as last year’s dispute at the Grangemouth refinery warned us, [...]