Cuadrilla completes second UK shale gas well in Lancashire

It is seeking consent from the government to frack at Preston New Road later this year

EU approves Dutch compensation for gas extraction earthquake damage

The government intends to set up a non-profit foundation to manage real estate activities affected by the tremor

Permian Basin wells break-even as low as $22 per barrel

GlobalData says this is partly enabled by companies drilling much longer sideways wells

Greenpeace protesters abseil into Total’s AGM

They were protesting the energy giant’s plans to drill in the mouth of the Amazon and French Guiana

New York State advances bill to prohibit offshore drilling

It aims to be excluded from the Trump administration’s plan to expand offshore drilling in the Atlantic and Pacific oceans

HSBC not banking on coal power stations

The new policy will apply globally except for three countries where projects may be given exemption “if no reasonable energy alternative can be found”

Trio wins $1.5bn Statoil drilling contracts

They cover the plugging, maintenance and modifications on 18 of Statoil’s fixed platforms

ExxonMobil makes seventh oil discovery offshore Guyana

ExxonMobil has announced its seventh oil discovery offshore Guyana. It found around 20 metres of “high quality, oil-bearing sandstone reservoir” after drilling at the Pacora-1 exploration well. Steve Greenlee, President of ExxonMobil Exploration Company said: “Pacora will be developed in conjunction with the giant Payara field and along with other phases, will help bring Guyana […]

Derbyshire planning committee opposes INEOS Shale’s tests for fracking

Derbyshire County Council’s planning committee has voted to oppose INEOS Shale’s plans to carry out tests for potential fracking in Marsh Lane. They rejected the recommendation of the council’s planning officers that an application by INEOS would be acceptable if “strict planning controls” are put in place. INEOS Shale intends to erect a drilling rig […]

US ‘poised to become world’s largest oil producer’

The US is poised to become the world’s biggest oil producer, overtaking Russia and Saudi Arabia. That’s the prediction from research firm Rystad Energy, which suggests increased shale oil output from fracking could ramp up US domestic crude production by as much as a tenth in 2018. It says this would bring the nation’s total […]