unconventional oil News
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Interest Grows in Offshore India and Unconventional Oil & Gas India Conference and Exhibition 14-16 September
The inaugural Offshore India and Unconventional Oil & Gas India, to be held at the Bombay Exhibition Centre, Mumbai on 14-16 September 2011, aims to tackle the strategic and technical issues facing the region and has attracted growing interest from both national and international organisations and attendees. Addressing the demanding needs of the Indian market, Offshore India and ...
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U.S. Department of Energy to Invest $30 Million to Boost Unconventional Oil and Natural Gas Recovery
The U.S. Department of Energy (DOE) has announced the selection of six projects to receive approximately $30 million in federal funding for cost-shared research and development in unconventional oil and natural gas recovery. The projects, selected under the Office of Fossil Energy’s (FE’s) Advanced Technology Solutions for Unconventional Oil and Gas Development funding opportunity, ...
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EPA releases long-awaited final report on hydraulic fracturing
The U.S. Environmental Protection Agency in December its long-awaited final report on the effects of hydraulic fracturing on drinking water resources in the United States. The report provides a synthesis of information on impacts of unconventional oil and gas operations on groundwater and surface water. The report is intended to advance the scientific foundation to help states and others ...
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Exxon fracking report responds to shareholders
Exxon Mobil issued a report Tuesday that acknowledges the environmental risks of hydraulic fracturing but also defends the practice as being better for the environment than other types of energy production and generation. Under pressure from the corporate responsibility group As You Sow, as well as New York City Comptroller Scott Stringer and other shareholders, Exxon agreed earlier this year to ...
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Commission recognises climate impact of unconventional oil in fuel quality directive
Petrol and diesel made from tar sands, coal, gas and oil shale will be assigned a different carbon footprint than fuels from conventional oil, if a proposal from the Commission is supported by EU member states. After years of lobbying by Canada and some sections of the oil industry, the Commission has stuck to its original plan to assign different values to fuels dependent on their source. The ...
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Unconventional oil revolution to spread beyond North America by end of decade
The unconventional supply revolution that has redrawn the global oil map will likely expand beyond North America before the end of the decade, the International Energy Agency (IEA) says in its annual five-year oil market outlook released today. The report also sees global oil demand growth slowing, OPEC capacity growth facing headwinds, and growing regional imbalances in gasoline and diesel ...
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Unconventional Oil and Gas: Turning to New Technologies to Avoid Global Energy Crisis
80% of oil and gas reserves have fallen into the hands of national oil companies. Conventional production has decreased since 2006 and producers are struggling to find replacement reserves that can maintain balance sheets and offset record production. Meanwhile, adoption inertia has begun to give way with the growth of distributed solar, and that wave will continue with the adoption of biomass ...
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Shale Gas Boom Creates Opportunity for Environmental Firms
The U.S. fracking market, believed to be worth around $30billion, is generating $1.5 billion-$2 billion in annual sales for environmental service companies, according to Environmental Business Journal's recent edition on exploration and production (E&P) in the unconventional oil & gas industry. Purchase EBJ Vol XXVI No 02 - The Future of Fracking (14 charts, 26,000 words) for $150 One ...
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GE Oil & Gas to supply world’s largest reactors for Eni Oil Refinery in Sannazzaro, Italy
GE Oil & Gas has received a major contract to supply Italian energy company Eni S.p.A. with the largest refinery reactors of their type ever to be manufactured. The reactors will be a critical part of Eni Refining & Marketing Division’s project to boost production at its refinery in Sannazzaro, Italy. Financial terms of the contract were not disclosed. GE Oil & Gas’ components ...
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EPA Revises Permitting Guidance for Using Diesel Fuel in Oil and Gas Hydraulic Fracturing
Today, the U.S. Environmental Protection Agency (EPA) released revised underground injection control (UIC) program permitting guidance for wells that use diesel fuels during hydraulic fracturing activities. EPA developed the guidance to clarify how companies can comply with a law passed by Congress in 2005, which exempted hydraulic fracturing operations from the requirement to obtain a UIC ...
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For World Water Day, IEA shares in-depth analysis of energy sector’s use
The energy sector already accounts for about 15% of the world’s total water use, so in advance of World Water Day, on Sunday, 22 March, the International Energy Agency (IEA) is sharing its most detailed analysis of the sector’s impact on water resources. “Water for Energy: Is energy becoming a thirstier resource?”, a chapter from the IEA World Energy Outlook 2012 ...
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BCC research publishes new report on global market for biogas and landfill gas equipment for waste-derived energy
According to a new technical market research reportWaste-Derived Biogas: Global Markets for Anaerobic Digestion Equipment, from BCC Research (http://www.bccresearch.com), the global market for anaerobic digesters and landfill gas equipment was estimated at nearly $4.5 billion for 2013. BCC Research projects the market to grow to $7 billion by 2018, and register a five-year compound annual growth ...
By BCC Research
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Unconventional shale gas and oil: overview of ecological impacts
Research findings on the wildlife and habitat impacts of unconventional shale gas and oil developments in the US have been collated in a new review. Its authors stress the importance of collecting data on local ecosystems before such developments begin, to allow changes in nature be tracked and aid on-going improvements to management. Unconventional shale oil and gas are already important ...
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After Investor Pressure, Continental Resources Sets Strong Goal to Reduce Natural Gas Flaring
Continental Resources, Inc., the largest oil producers in North Dakota’s Bakken region, has committed to reduce natural gas flaring from its operated well sites to “as close to zero percent flaring as possible.” This goal announced in Continental’s annual 10-K report follows a shareholder resolution filed by Mercy Investment Services requesting that the firm “adopt quantitative, company-wide ...
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GE Completes Acquisition of John Wood Group PLC’s Well Support Division, Increasing Position in Enhanced Oil Recovery and Shale Gas Production
GE (NYSE: GE) is pleased to announce it has completed the strategic acquisition of John Wood Group PLC’s Well Support Division, expanding GE Oil & Gas’ extensive drilling and surface manufacturing and services portfolio. The John Wood Group PLC Well Support division, which has over 3,800 employees globally and operates approximately 20 manufacturing ...
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Global investors call for action on methane emissions from shale gas and oil fracking
The North American Investor Network on Climate Risk (“INCR”), the European Institutional Investors Group on Climate Change (“IIGCC”) and the Australia/New Zealand Investor Group on Climate Change (“IGCC”) have today issued a joint statement calling on companies and governments to take effective action to minimize methane emissions from rapidly growing ...
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Clean Harbors Completes Acquisition of Peak Energy Services Ltd.
Clean Harbors, Inc. (“Clean Harbors”) (NYSE: CLH), the leading provider of environmental, energy and industrial services throughout North America, today announced the completion of its acquisition of Peak Energy Services Ltd. (“Peak”) (TSX: PES). The transaction, which was approved by Peak shareholders on May 25, is valued at approximately CAD ...
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Medium-Term Oil and Gas Markets 2011 sees new supply sources but burgeoning demand in Asian markets
Annual growth in oil demand could average 1.2 million barrels per day (mb/d) between now and 2016, while natural gas demand could grow by around 500 billion cubic meters – around 2.5 times Russia’s current gas exports – during the same time, according to the IEA’s Medium-Term Oil and Gas Markets 2011. The report, launched today at the St. Petersburg International Economic ...
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New World Energy Council Report Identifies the Critical Issues Holding Back the Transition of the Global Energy Sector
Continued uncertainty in the future direction of climate frameworks, political instability of the Middle East and North Africa (MENA) region, energy price volatility, and the global economic recession are what energy leaders consider as the top ‘insomnia’ issues driving the world energy agenda this year, according to the 2013 World Energy Issues Monitor, published today by the World ...
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UK shale gas no “get out of jail free card”
Exploitation of the UK’s significant shale gas resources is unlikely to result in low natural gas prices, according to new research by leading energy analysts Bloomberg New Energy Finance. The cost of shale gas extraction in the UK is likely to be significantly higher than in the US, and the rate of exploitation insufficient to offset the decline in conventional gas production, meaning ...
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