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UK introduces tax breaks in 2013 budget to encourage shale gas exploration
2013-03-21 01:00:00| Hydrocarbons Technology
The UK government in its 2103 budget has introduced a series of new tax breaks to encourage shale gas exploration in the country.
Tags: tax
gas
budget
encourage
Chevron, Green Groups Agree Set Standards for Shale Gas
2013-03-20 11:17:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: Chevron Corp. (CVX) joined natural gas producers and environmental groups to form an independent center that will set standards for drilling by hydraulic fracturing in the U.S. Appalachian region. Gas output in Pennsylvania, Ohio and West Virginia is booming as drillers unlock shale deposits using the process, also called fracking, that shoots water, sand and chemicals underground to crack rock and free trapped gas. The process has spurred complaints from landowners and environmental groups about...
UK promises shale gas tax breaks, public benefits
2013-03-20 10:21:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Britain said on Wednesday it will introduce generous tax breaks for shale gas and tackle the nascent industry's public perception problem by making sure local communities benefit from resources found in their areas. Finance Minister George Osborne said in his annual budget announcement he will introduce a new gas field tax allowance for shale gas, an industry that he expects can help kick-start Britain's stagnant economy. "Shale gas is part of the future and we will make it happen," he said...
U.K. Pledges Tax Breaks for Shale Gas, Low Emissions Cars
2013-03-20 10:01:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: U.K. Chancellor of the Exchequer George Osborne offered tax breaks to low emissions vehicles while promising support for shale gas developers and energy- intensive industries in his annual budget today. Osborne told lawmakers the U.K. will support the manufacture of ultra-low emission vehicles with tax incentives. He also said hell bring in a generous new tax regime to promote early investment in shale gas, and will exempt ceramics and other industries from the climate change levy, a tax...
MGM Engery Completes Canol Shale Well
2013-03-19 10:20:00| OGI
The East MacKay I-78 well, a vertical well, spud on Jan. 27 and reached target depth of 2,001 meters on Feb. 15.
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