Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Folder An icon of a paper folder. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. Linked In An icon of the Linked In logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo.

shale gas

Oil & Gas

US shale firms slide deep into the red on low oil prices

North America’s leading independent oil and gas producers reported large losses in the second quarter despite cutting costs and increasing output. Ten of the largest independent oil and gas producers in the United States reported total losses of almost $15 billion between April and June, compared with profits of almost $3.5 billion a year earlier. Three more independents remained profitable, but reported net income of only $66 million, down from more than $1 billion in the second quarter of 2014.

Oil & Gas

Sewage flow becomes Williston’s oil bust indicator

The population of a U.S. oil boomtown that became a symbol of the fracking revolution is dropping fast because of the collapse in crude oil prices, according to an unusual metric: the amount of sewage produced. Williston, North Dakota, has seen its population drop about 6 percent since last summer, according to wastewater data relied upon heavily by city planning officials. They turned to measuring effluent because it was a much faster and more accurate way to track population than alternatives such as construction permits, school enrollment, tax receipts or airport boardings.

Opinion

Opinion: Lancashire shale battle won, war not over

Lancashire County Council has rejected two planning applications over the course of the last week for hydraulic fracturing (‘fracking’), on traffic, noise and visual impact grounds. One site was recommended for refusal on traffic grounds, but the other was recommended for approval and was turned down against Council Officers’ advice. This decision has generated the most interest of the two.

Oil & Gas

UK should embrace fracking, says Osborne

tain should embrace fracking or be condemned to higher energy bills and fewer jobs, George Osborne has said. The Chancellor also insisted he did not want to be part of a generation “that says all the economic activity was happening somewhere else in the world” as he reiterated his support for the extraction of underground shale gas.

Other News

Monitoring plan for fracking sites

Geology experts will carry out independent monitoring of two fracking sites in Lancashire if they are given the green light. The British Geological Survey (BGS) said it will expand its national monitoring programmes for environmental issues, including seismic activity and groundwater, to carry out detailed research in areas of the UK that may see shale gas extraction. This will include independent analysis of the controversial process of fracking at two proposed shale sites in Lancashire, if they are giving planning permission.

Oil & Gas

Unconventional gas ‘long-term solution’

Oil and gas industry professionals believe that unconventional gas is a long-term solution to the world's energy demands, according to a poll conducted at the World Petroleum Congress (WPC) in Doha this week.