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Tag: shale gas
US shale gas: game changer, or game over?
2013-03-21 01:15:00| Power Technology
Shale gas is on the rise in the US, projected to account for 46% of the country's gas output by 2035. But with today's gas prices at below $4 per mcf and wells declining at a frighteningly rapid rate, has shale gas got what it takes to secure the cou
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...
UK should use shale gas to cut emissions, report says
2013-03-18 11:02:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: The UK should use natural gas, including from "fracking", to help cut carbon by replacing coal for power supplies over the next few years, a report has suggested. But it would be risky to assume gas prices will be low in the coming years or that the UK has extensive supplies of shale gas which is extracted through the controversial process of fracking, the study said. And gas-fired power stations can only play a significant role in generating electricity beyond 2030 if they are fitted with...
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Saudi Arabia to Drill Seven Shale Gas Test Wells, Al-Naimi Says
2013-03-18 00:55:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: Saudi Arabia, the worlds biggest oil exporter, will drill about seven test wells for shale gas this year, according to Oil Minister Ali Al-Naimi. We know where the areas are, Al-Naimi said at the Credit Suisse Asian Investment conference in Hong Kong today. We have rough estimates of over 600 trillion cubic feet of unconventional and shale gas, so the potential is very huge and we plan to exploit it. Saudi Arabia is seeking to develop its natural gas resources to meet rising domestic energy...
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