IEA: China to drive global gas demand growth

The nation is forecast to be the largest natural gas importer by 2019

INEOS fights back against Scottish fracking ban

INEOS Shale has lodged a petition for judicial review of the Scottish Government’s decision to ban fracking by introducing a planning policy of “no support.” The firm argues the ban is unlawful and believes there were serious errors within the decision-making process, including failure to adhere to proper processes and a misuse of power. It […]

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 […]

World Bank forecasts higher oil price in 2018

The price of oil is forecast to increase to $56 (£42.8) a barrel next year. The $3 (£2.3) a barrel increase is a result of steadily growing demand, agreed production cuts among oil exporters and stabilising shale production in the US, according to the World Bank. The forecast is however a small downward revision from […]

Renewed injunction blocks anti-fracking activists

The High Court has renewed injunctions stopping activists from disrupting INEOS Shale’s staff, sites and supply chain. The rules continue to prohibit unlawful acts by protestors including trespass, harassment and obstruction of business. The outlawed activities include popular actions among environmental activists such as slow walks and lock-ons. Shale activists challenged the injunctions but the […]

Divestment protest kicks off at fracking facility

Environmentalists have today staged a protest at the gates of a controversial fracking site in Lancashire. Local community members and environmental campaigners met outside the gate of Cuadrilla’s Preston New Road facility, which is intended to be home to the first full-scale fracking operation in the UK. The action marks the start of the Global Divestment Mobilisation, a global wave […]

Oil price sinks to five-month low

The price of oil has fallen dramatically, hitting its lowest level since November 2016. According to analysts, Brent crude fell to $47.49 (£36.7) a barrel, while US crude dropped to $44.58 (£34) a barrel yesterday although there has been some recovery today. Oil price has been falling since the start of the year despite OPEC’s […]

Chevron resumes shale drilling in Romania following protests

The US oil giant Chevron has reportedly resumed exploratory drilling for shale gas in eastern Romania after it was forced to halt work over the weekend for the second time in two months. In October the firm won the rights to drill in the small town of Pungesti, roughly 210 miles north east of the […]

By replacing coal, gas can ‘cut carbon as well as costs’

Using gas to replace coal could cut carbon emissions as well as energy costs, according to Alex Barnes (pictured left), Head of Regulatory Affairs for Gazprom Marketing & Trading.   Speaking at Energy Live 2013 today, he questioned whether the cost of government subsidies for renewables was a “price worth paying for decarbonisation” and if […]

US sees ‘dramatic reduction’ in foreign oil imports

The US has “dramatically reduced” its dependence on oil imports, falling 40% over the last seven years. According to the International Institute for Strategic Studies (IISS), monthly imports peaked in September 2006 at 12.7 million barrels per day (mb/d) and had declined to 7.6mb/d by November 2012. It claims the reduction in need for foreign […]