Shale gas reserves in Scotland pale in comparison to England says new report June 30, 2014 Scotland's shale gas reserves are relatively minor compared to those in the north of England, according to a new study from the British Geological Survey (BGS). The Midland Valley is estimated to have just 80 trillion cubic feet of shale gas, compared to the north of England's Bowland Basin with an estimated 1,300 trillion cubic [...]
Britain’s energy security is under threat: It’s time to frack June 12, 2014 WITH extremist ISIS fighters less than 60 miles from Baghdad, rogue generals in Libya periodically blockading its ports, and continued dependence on a volatile Russia, concern about the security of our energy supplies is high and rising. We were already in a bad state. UK energy resource production fell by 6.5 per cent in 2013 [...]
Boost for UK shale as Cuadrilla and Egdon get plans underway June 11, 2014 THE UK’S nascent shale gas industry was given a boost yesterday, as energy firms Cuadrilla and Egdon Resources reported progress with their plans to exploit the resource. Lancashire council has validated Cuadrilla’s proposal to frack up to four exploration wells at a site in the county, which means the planning application will be open to [...]
Fresh boost for shale gas as Queen’s Speech supports right to frack June 4, 2014 The Queen’s Speech today introduced the government’s new infrastructure bill, which supports the shale gas consultation into underground drilling access that was published in late May. The consultation’s proposals would allow energy companies to frack for shale gas 300m below the surface without getting the landowner’s permission. This also applies to geothermal energy. “Proposals [...]
Upbeat reserve report boosts shale gas stock June 2, 2014 SHALE gas explorers made gains on the London Stock Exchange yesterday, on the back of an encouraging reserve assessment and hopes that the next licensing round may be imminent after the government entered into talks with interested companies. Aim-listed Union Jack Oil’s shares soared over 30 per cent in early trading and closed 19 per [...]
Putin fears an EU fracking bonanza – but environmentalists don’t have to May 29, 2014 RUSSIA and China agreed on a $400bn, 30-year deal last week, wherein Gazprom will deliver 38bn cubic metres of natural gas a year to China. This will exacerbate the EU energy crisis, but the bloc still seems intent on ignoring the only obvious solution – fracking – and fidgets at the margins with renewables. Large [...]
Why environmentalists should embrace fracking – not sacrifice May 27, 2014 THE FRACKING debate continues apace, with the British Geological Survey announcing that there are over 4bn barrels of oil in the shale rocks of the South of England. The government has proposed new rules of access to land to speed up the exploitation of this oil, with proposed payments of £20,000 to those living above [...]
More companies to be allowed to frack for shale gas across UK May 11, 2014 MORE companies are set to receive permits to frack for shale gas in the UK, with the government due to announce a decision on its latest environmental assessment for further licensing imminently. A spokesperson from the Department of Energy and Climate Change (Decc) told City A.M. that subject to that decision, which will be announced [...]
UK government urged to hurry shale progress May 7, 2014 THE INSTITUTE of Directors today welcomed the findings of a House of Lords committee’s report into the economic benefits of shale gas, which said development of the resource could improve energy security, create jobs and drive down prices. “This report makes a conclusive case for the benefits of getting the British shale gas industry up [...]
How Britain is wasting its real shale gas potential April 24, 2014 WITH the Ukraine crisis intensifying and concerns growing over its impact on energy security, the government has responded this week with rather inconsistent messages: it announced more multi-billion subsidies for unreliable renewable energy projects and another promise to speed up shale gas extraction in Britain. Speaking at a conference in Blackpool, and with a new [...]