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Britain is estimated to have enough trapped shale gas to meet its gas needs for decades. However, the use of fracking is opposed by environmental campaigners, Reuters reported.
Australia's deputy prime minister said he would support lifting bans on coal seam gas (CSG) drilling if landowners were given a bigger slice of royalties, a significant policy shift as the country scrambles to avoid a looming energy crisis.
Eni and Total are in a consortium for one of the blocks and ExxonMobil and Qatar Petroleum have joined up for another. Eni will be on its own in a third block. The blocks were offered in the third licensing round held by Cyprus, Reuters reported.
Beach Energy, Santos, Strike and Senex have been named recipients of AU$24 million in grants from the South Australian government.
The Nigerian court case is the latest of several inquiries, following those by Dutch and Italian authorities, into the purchase of OPL 245, which could hold up to 9.23 billion barrels of oil, according to industry figures, Reuters reported.
Brazil’s federal audit court TCU on March 15 allowed Petrobras to proceed with its divestment program, but required the company to restart the processes in all but two projects.
Lawmakers voted 414-180 to reject the non-binding motion calling for the European Commission and member states to work with international forums towards "a future total ban on the extraction of Arctic oil and gas."
The proposal would eliminate 3,200 EPA employees, or 19% of the current workforce, and effectively erase former President Barack Obama’s initiatives to combat climate change by cutting funding for the agency’s signature Clean Power Plan aimed at reducing CO2 emissions.
Brazil’s federal audit court TCU on March 15 allowed state-run oil company Petrobras to proceed with its divestment program, but required the company to restart the process except for two projects.
Canada sends 75% of exports, including almost all of its crude, to the U.S., and U.S. President Donald Trump's vow to renegotiate NAFTA could negatively affect the country.
Spirits at the 2017 CERAWeek conference in Houston have been buoyed by higher energy prices after a bruising two years for the oil and gas industry. Crude fell by more than 70% from mid-2014 to early 2016 amid a global supply glut, Reuters said.
CERAWeek panel expresses concern over the ability to serve regions if projects cannot move forward.