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Tag: shale
European Greens consider challenge to UK tax breaks shale gas drilling
2014-01-20 08:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: European Greens are considering a challenge to the UK's tax breaks and incentives for shale gas under state aid rules, as the government holds out against a new renewable energy target for the EU. Ministers have offered tax breaks to shale gas companies, and incentives to local communities to encourage them to accept drilling in their area. The government believes its plans comply with EU rules restricting state aid to companies. On Wednesday, the European commission is expected to announce...
Tags: tax
gas
european
challenge
Total pledges tighter safety standards over UK shale gas operations
2014-01-19 18:57:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: Total, the first major oil company to join the race to find shale gas in Britain, has promised to bring high safety standards to the controversial industry and shrugs off any fears of damage to its reputation. But environmental campaigners say the French group should not be allowed to "frack" for shale until the result is known of an investigation by the Health and Safety Executive (HSE) into a gas blowout in the North Sea. The Paris-based group said it had carefully investigated the environmental...
Tags: total
safety
standards
operations
Saudi 'welcomes' US shale oil boom
2014-01-19 11:42:00| Climate Ark Climate Change & Global Warming Newsfeed
Agence France-Presse: Saudi Arabia, an Organisation of Petroleum Exporting Countries kingpin, is unconcerned by the US shale oil boom, Oil Minister Ali al-Naimi said Sunday as he met the US energy secretary in Riyadh. "We discussed the increased production of shale oil in the United States and elsewhere. The kingdom welcomes this new source of energy that helps fulfil the growing world demand for energy, and helps stabilise oil markets," state news agency SPA quoted Naimi as saying. In October, oil production in...
Shale gas extraction 'will transform Britain'
2014-01-17 23:44:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: The UK's push for shale gas will result in unavoidable changes to the countryside, the US energy secretary has warned. Ernest Moniz, who took over as energy chief for President Obama's second term, has overseen arguably the biggest changes to US energy production since the discovery of oil. He said the exploitation of shale gas and oil on a vast scale in the US had been "transformative", vastly reducing energy prices, boosting industry and lowering carbon emissions as more electricity production...
Tags: britain
gas
transform
extraction
Total acquires stake in UK shale gas licences
2014-01-14 01:00:00| Hydrocarbons Technology
France-based oil and gas corporation Total has acquired a 40% stake in two shale gas exploration licences in the UK.
Tags: total
gas
stake
licences
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