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Tag: shale
U.S. shale oil's crash diet likely to bring forward output dip
2015-02-22 23:49:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Shale oil producers are throttling back so quickly on drilling that U.S. crude output could fall sooner than expected, within months, executives say as they slash costs to cope with tumbling crude prices and compete with Persian Gulf rivals. About a dozen chief executives who talked to Reuters or who spoke publicly, acknowledged they were taken aback by the scale and speed of the cutbacks, noting how this oil price downturn was different from several previous episodes in their careers. For...
Tags: forward
bring
output
diet
US Chevron Quits Shale Gas Operations in Romania
2015-02-22 08:13:00| Climate Ark Climate Change & Global Warming Newsfeed
Novinite: US energy giant Chevron is quitting shale gas exploration in Romania after prolonged anti-fracking protests. Romania was the last shale gas project of Chevron in Europe. Last month Chevron made clear that it was suspending shale gas exploration activities in Poland, while last year the company terminated this type of activity in Lithuania and Ukraine. That leaves Romania, where we are in the process of relinquishing our concession interests, a Chevron Spokesman was quoted as saying by...
Tags: operations
gas
romania
chevron
Alberta Fracking Quake Fears Prompt Tougher Rules for Shale Area
2015-02-20 18:39:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: Shale producers in Albertas Duvernay region are being asked to monitor and prevent earthquakes after regulators linked a series of seismic events over the last two months to hydraulic fracturing. Producers must test for quakes and, if they detect seismic events greater than magnitude 2.0 on the Richter scale, take measures to reduce the impact of their activity, the Alberta Energy Regulator said Thursday. If a tremor is detected above magnitude 4.0, producers must immediately halt drilling and...
Tags: area
rules
alberta
prompt
Panda Power Funds jointly to develop 1,000 MW coal to natural gas conversion project; Marcellus Shale gas
2015-02-19 12:55:24| Green Car Congress
Tags: power
project
natural
develop
Marcellus Shale Production Numbers Break Another Record
2015-02-18 14:20:00| Climate Ark Climate Change & Global Warming Newsfeed
National Public Radio: Drilling companies in Pennsylvania have broken yet another record, as shale gas production jumped 30 percent last year, according to new data released by the state Department of Environmental Protection. Marcellus Shale drillers produced more than 2 trillion cubic feet of gas in the second half of 2014. Throughout all of last year, they produced 4 trillion cubic feet or about 16 percent of what the entire United States consumes on an annual basis. Economic growth from natural gas production...
Tags: record
production
break
numbers
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