An annual report by the UK government’s chief scientific advisor, Sir Mark Walport, warns that the government must consider the risks of innovation, rather than rushing implementation, using fracking as a case study. read more ..
OPEC concluded their scheduled meeting in Vienna, with the secretary general Abdallah Salem el-Badri stating that the cartel has no intention to change its production levels. read more ..
Senior Russian oil executive, Leonid Fedun the vice-president of Lukoil has described the US shale boom as highly similar to the “dotcom bubble”, as he expects smaller and marginal companies to struggle and eventually “vanish”. read more ..
OPEC began its scheduled meeting in Vienna this week, to discuss the oversupply of oil in the market, with Venezuela targeting production cuts and attacking the shale industry for damaging progress on climate change.
Lancashire County Council has reached an agreement with drilling company Cuadrilla to postpone a final decision on two pending fracking applications to 31st January 2015.
The US Energy Information Administration has issued a report on the growth of US shale between 2007-2013 and revealed that for the first time, more US natural gas was withdrawn from shale in 2013 than any other single source.
Maryland's Democratic Governor Martin O'Malley said that he is preparing to create one of the strictest sets of fracking regulations in the US, with a significant focus on environmental and public health issues.
Third Energy UK Gas Ltd is intending to apply for fracking permits at a site in North Yorkshire, following promising test results taken in 2013 from a well near the village of Kirby Misperton.
San Leon Energy, an oil and gas exploration firm with a portfolio across Europe and North Africa, has announced it has “spudded” its Rawicz-12 appraisal well.
The UK Environment Agency has launched a second consultation period, due to run until 6th January 2015, for environmental permit applications at Cuadrilla’s Roseacre Wood site, Lancashire.
Russia has no current plans to begin harnessing its shale reserves as present extraction and infrastructure costs exceed the room for profit, according to Pavel Zavalny, President of the Russian Gas Society and Deputy Chairman of the State Duma Committee on Energy.
The Texas Oil and Gas Association has said it is open to an investigation into the connection between fracking and earthquakes, as two earthquakes hit northern Texas over the weekend.
Judge Barbara Crowder of Madison County Circuit, Illinois, has delivered an initial ruling in the case protesting against the methodology of the state’s fracking laws.
The recently formed Newfoundland and Labrador fracking review panel will not be considering the role that climate change has in the fracking debate “as a priority”.
The UK government will fund hundreds of test boreholes to demonstrate to the public and opponents of fracking that the technology for shale extraction can be developed safely in the UK.
A study by Bloomberg New Energy Finance, investigating the impact of oil prices on the profitability of shale, has concluded that a level of $75 a barrel will put 19 US shale regions out of profit.
Following the announcement of his company’s £640 million investment into the UK shale market, founder of Ineos, Jim Ratcliffe, has claimed that shale can revolutionise the UK energy market.
On Monday, a spokesperson from the Environment Ministry said Germany was waiting on improved technology for boosted efficiency and extraction, but it appears that now Germany may be moving towards exploring the possibility of allowing commercial drilling for shale gas.