Industrialized Cyclist Notepad

Even more North American energy security
December 14, 2012, 17:21
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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.

via PetroChina Pays $1.2 Billion to Form Encana Joint Venture – Bloomberg.

UK Fracking Nervousness Mostly About Earthquakes
December 14, 2012, 00:17
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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.

via UK Lifts Fracking Ban, Now What?.