Filed under: Uncategorized | Tags: Alberta, Canada, China, ECA, Encana, energy, energy security, PetroChina
PetroChina Co. (857) agreed to pay Encana Corp. (ECA) C$1.18 billion ($1.2 billion) for a 49.9 percent stake in an Alberta shale formation as Asia’s biggest oil producer steps up acquisitions of overseas oil and gas assets.
Filed under: Uncategorized | Tags: fracking, fracking ban, it's about water, shale gas, tight gas, UK
Poor blokes have been snowed. Quite.
Not only has the UK green-lighted fracking, it is also using tax breaks to promote shale exploration and development. Indeed, the UK hopes to see a shale gas revolution of its own.
So what are the new rules for fracking? Right now it’s still a bit vague, but overall it involves a strengthening of oversight and an automated seismic activity detection system designed to halt operations in time.