Chancellor confirms UK will chase US shale gas glut

The Chancellor today confirmed the UK will give chase to a US-style shale gas boom by consulting on what tax incentives to give the controversial fuel source and creating its own department, a new Office for Unconventional Gas. The move will give certainty to developers in the UK including Cuadrilla Resources whose CEO recently suggested […]

Osborne’s shale gas tax regime is “premature”

The Chancellor’s decision to give the shale gas industry a tax relief to encourage investment is “premature” and a “surprise”, says a top prof. Yesterday George Osborne declared plans to help UK firms mimic the American shale gas boom. In a speech at the Tory party conference in Birmingham he said a new “generous” tax […]

Activists chain themselves to fracking site with bike locks

Protestors chained themselves to a site in Chesterfield in the early hours of the morning in protest against the controversial hydraulic fracturing or ‘fracking’ process used to extract shale gas. Twenty members of the group Frack Off targeted a site owned by PR Marriott, a contractor for shale gas firm Cuadrilla Resources which is drilling […]

Surprise shale find could produce twice the gas

A gas firm drilling in the North West of England says it could be sitting on double the amount of shale gas it had originally expected. IGas Energy believes it could find nearly ten trillion cubic feet of shale gas at its Ince Marshes site in Cheshire. IGas first stumbled upon the shale gas section in January […]

‘Fracking’ could bring UK 50,000 jobs, says former BP chief

Shale gas “fracking” could create 50,000 jobs and possibly reduce gas prices in the UK, the former CEO of BP has claimed in a newspaper interview. Lord Browne, now a director of shale gas company Cuadrilla Resources, said Lancashire could potentially become the centre for shale gas in Europe. Fracking involves a process of extracting […]

Ohio shale gas sites closed after quake

Five shale gas sites in Ohio have been closed following a spate of earthquakes which hit the American state on New Year’s Eve, according to reports. Ohio governor John Gasich closed the sites after a magnitude 4.0 quake struck near a site used in the controversial shale gas ‘fracking’ process, reported the Associated Press. Fracking, […]

Shale poses threat to UK climate commitments

Shale gas cannot become a part of the UK’s energy mix without using up a large chunk of the government’s carbon budget and risks diverting resources from green sources. This is according to research from the Tyndall Centre for Climate Change Research in Manchester. Kevin Anderson, Professor of Energy and Climate Change at Tyndall Manchester […]

Energy committee shale gas probe continues

The government’s Energy and Climate Change Committee will hold the next session of its Shale Gas inquiry this morning at Westminster. The committee will target five key questions: What are the prospects for shale gas in the UK, and what are the risks of rapid depletion of shale gas resources? What are the implications of […]

Shale gas firm faces energy committee probe

The government’s Energy and Climate Change Committee will hold the second session of its Shale Gas inquiry this morning at Westminster. The committee will target five key questions: What are the prospects for shale gas in the UK, and what are the risks of rapid depletion of shale gas resources? What are the implications of […]

Energy committee set for shale gas probe

The government’s Energy and Climate Change Committee will hold the first session of its Shale Gas inquiry tomorrow at the Palace of Westminster. The committee will target four key questions: What are the implications of large discoveries of shale gas around the world for UK energy and climate change policy, including investment in renewables? What […]