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By Steve LeVine One of the most consequential energy decisions on the Obama Administration's plate isn't one typically discussed in the election-year hot house -- whether to expand drilling, allow the expansion of a pipeline for Canadian oil sands, or to throw clean-tech entrepreneurs to the sharks.
The shale-petrochemical boom in the U.S. isn’t showing any signs of decline, according to engineering company Fluor Corp. Speaking at the Reuters Global Energy & Environment Summit, David Seaton, CEO of Fluor said "I don't think we're returning to how hot it was in the 2007-08 time frame...
The boom in shale gas—natural gas trapped in shale deposits—is no longer a North American phenomenon. Argentina, with 774 trillion cubic feet (Tcf) of recoverable shale gas resources, holds the world’s third-largest reserves—placing it behind only China (1,275 Tcf) and the United...
Shale gas development could change world energy markets, offering potentially ample supplies that would otherwise tighten in coming years. Below is an overview of Argentina and the United States’ legal positions on hydraulic fracturing. ARGENTINA At around 774 trillion cubic feet (tcf) of estimated...
President Barack Obama issued an Executive Order Supporting Safe and Responsible Development of Unconventional Domestic Natural Gas Resources aimed at increasing coordination among federal agencies as it relates to hydraulic fracturing. An interagency group will oversee the development of natural gas...
A committee advising the Government of Quebec on shale gas development has recommended further study of the topic and that hydraulic fracturing should not be undertaken in the province, even for research purposes, until its final recommendations are presented. Committee chair Robert Joly said in his...
A long-term strategy is in the works by Spectra Energy to bring U.S. shale gas to Ontario and Quebec thereby Western Canadian natural gas, which puts further pressure on domestic producers to develop export markets in Asia. Spectra’s Chatham, Ont.-based subsidiary Union Gas Ltd. is seeking expressions...
Wintershall Energía S.A., a wholly owned subsidiary of German Wintershall, has now been awarded the exploration permit for the Area CN-V (Cuenca Neuquina V) by the Mendoza Province. The area is located in the southernmost region of the Province and covers 956 km2. Since 2004, Wintershall...
Chemicals maker Mexichem SAB is looking to develop Mexico’s first shale gas projects if the country sells licenses that would bypass a monopoly on fossil fuels. Mexichem has bought more than 15 companies since 2007. “There are a lot of petrochemical areas with growth opportunities for...
Argentina's Neuquen province has huge untapped reserves of shale oil and gas and it will strip the country's biggest energy company YPF of two concessions due to insufficient investment. The move by Neuquen, which affects two unproductive areas, comes days after fellow Patagonian oil provinces Chubut...