Schlumberger sells US fracking business after oil price cripples demand
Schlumberger, the world’s largest oilfield services company, agreed to sell its US fracking business to a smaller rival following a collapse in demand.
fracking
Potential US fracking ban would have little immediate impact on nationwide oil and gas production
Most severe implications expected in Permian Delaware, NM
ExxonMobil aims to keep dominant status in Texas shale
The oil major Exxon Mobil is not planning to give up its status as the top driller in Texas.
Fracking is over for the time being, says business minister
Business minister Kwasi Kwarteng has said fracking "for the time being is over" in the UK.
Dig in for fracking fight
Last month the UK Government took the energy industry by surprise by announcing a moratorium on the quest for shale gas onshore in England.
OPEC+ gambles on demise of US shale’s golden age
For years, OPEC ignored the rise of the U.S. shale industry and came to regret its mistake. Now, the group is making another bold gamble on America’s oil revolution: that’s its golden age is over.
UK Government halts fracking over earthquake fears
Controversial fracking will no longer be allowed because of new scientific analysis, the UK Government has said.
Cuadrilla plans ‘goodwill payments’ to locals after quake at fracking site
The UK's only fracker Cuadrilla has revealed it will make small "goodwill payments" to locals who claim their homes were damaged by a violent tremor caused by the company's Lancashire drilling site.
Slow progress on creating UK fracking industry, report finds
The Government's plan to establish the UK shale gas industry through the controversial process of fracking is taking longer than expected, a new report has said.
New study blames some Permian Basin earthquakes on fracking
A new study from the University of Texas at Austin is blaming hydraulic fracturing activity on some earthquakes in the Permian Basin of West Texas.
Demand overshadows risks
Oil price predictions always end in disaster but complacency in the market poses a number of risks, given global uncertainty.
No support for fracking in Scotland is ‘final policy decision’, Wheelhouse says
The Scottish Government has confirmed its "final policy position" on fracking as being one of no support.
Full ban on fracking urged ahead of Scottish Government statement
Opposition parties have called on the Scottish Government to promise an outright ban on fracking.
Campaigners call for fracking ban on eve of Scottish Government statement
Friends of the Earth Scotland has called on the Scottish Government to "legally ban fracking" in a statement due to be made on Thursday.
Consolidation the answer for bloated supply chain, Simmons boss says
The recovery of the north-east’s oil and gas industry has not been “spectacular” despite a flurry of M&A activity in the first six months of the year, an industry expert has said.
Tremor measuring 2.1 on Richter scale recorded at UK fracking site
A tremor measuring 2.1 on the Richter scale has been recorded at the UK's only active fracking site - the largest ever detected at the facility.
Tremor halts fracking at UK’s only active site
Fracking has been stopped at the UK's only shale gas exploration site after a tremor, according to an energy firm.
UK fracking potential lower than previously thought, study says
The potential to extract shale gas from fracking in the UK could be significantly lower than previously thought, a study suggests.
Frackers in UK get fresh hope government will loosen rules
A change of British government has given the much maligned fracking industry another opportunity to make out its case for stimulating the controversial technique to tap unconventional natural gas reserves.
Fracking report draws ‘erroneous conclusions’, UKOOG boss says
The boss of a UK oil and gas firm hit out at a report on fracking last night claiming the the paper "amounts to erroneous conclusions".
Fracking has ‘dramatically increased’ methane emissions, study warns
The boom in fracking for shale gas has "dramatically increased" global methane emissions in the past decade, a study has warned.
Labour calls for UK Government to ban fracking
Labour is calling for a ban on fracking, claiming UK Government support for it will make it impossible to meet the net-zero target for carbon emissions in this century.
Halliburton cuts 8% of North American workforce amid fracking slump
Houston oilfield service company Halliburton said it cut 8 percent of its North American workforce as it took fleets of hydraulic fracturing equipment from the field in response to a continued slump in demand for fracking services in the United States and Canada.
Fracking ‘industrialisation of countryside’, says former Tory MP
A Tory former minister has branded fracking "industrialisation of our countryside" as he raised concerns over the environmental impact of shale gas extraction.
Ministers extend Ineos’s fracking licence in Scotland despite supposed ‘ban’
The fracking licence held by petrochemical giant Ineos has been extended for another year by Scottish ministers.