Subscribe free to our newsletters via your
. GPS News .




OIL AND GAS
Wood Mac: Europe could take page from U.S. shale gas
by Daniel J. Graeber
Houston (UPI) Aug 20, 2014


disclaimer: image is for illustration purposes only

Europe may be on the cusp of developing a shale natural gas sector that could mimic the expansion in the United States, analysis from Wood Mackenzie finds.

Developments in hydraulic fracturing, or fracking, and horizontal drilling have led to exponential increases in U.S. natural gas production since at least 2005. Geological complexities have presented obstacles to a replication of the phenomenon outside the United States.

Robert Clarke, director of research into the area for Wood Mackenzie, said U.S. shale gas production has evolved from operations in easy-to-reach and highly productive basins to what he's describing as "unconventional 3.0" -- a phase characterized by a lessons-learned approach to areas once considered too difficult for commercial drilling.

"Europe is one of the best areas outside of the United States for this to occur," he said Wednesday in an e-mailed statement.

His report says countries outside the United States -- notably Mexico, Russia, Poland, Ukraine and the United Kingdom -- could capitalize on this potential with the right equipment in place.

"Unconventional 3.0 could become the first success phase of international unconventional projects, instead of the last," he said.

.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








OIL AND GAS
Shale oil 'dividend' could pay for smaller carbon footprint
West Lafayette IN (SPX) Aug 21, 2014
Unanticipated economic benefits from the shale oil and gas boom could help offset the costs of substantially reducing the U.S.'s carbon footprint, Purdue agricultural economists say. Wally Tyner and Farzad Taheripour estimate that shale technologies annually provide an extra $302 billion to the U.S. economy relative to 2007, a yearly "dividend" that could continue for at least the next two ... read more


OIL AND GAS
Trees and shrubs invading critical grasslands, diminish cattle production

Make your mobile device live up to its true potential - as a data collection tool

Pangolins under threat in Gabon as demand surges in Asia

Shipwreck yields 200-year-old bottle of drinkable booze

OIL AND GAS
Ferroelectric Materials Suffer Unexpected Electric Polarizations

Could hemp nanosheets topple graphene for making the ideal supercapacitor?

Can our computers continue to get smaller and more powerful?

Graphene-based planar micro-supercapacitors for on-chip energy storage

OIL AND GAS
Airborne Systems supplying decoys to New Zealand

Snoozing China air traffic controllers force jet to delay landing

Digital cockpits for UH-60L Black Hawks

Army taps Sikorsky-Boeing to develop new helicopter

OIL AND GAS
How fast you drive might reveal where you are going

Japan's NSK says hit with $28.5mn fine by China regulators

EV consumers better off with a range under 100 miles

Obama strategist jumps aboard controversial Uber app

OIL AND GAS
Standard Chartered fined $300 mn over laundering controls

Australia tycoon blasts Chinese government 'mongrels'

Foreign investment in China slumps in July: govt

Bald ambition: Chinese county exports human hair to Africa

OIL AND GAS
World's primary forests on the brink

New analysis links tree height to climate

Loss of Eastern Hemlock Affects Peak Flows after Extreme Storm Events

Girl, 4, survives 11-day ordeal in bear-infested Siberian forest

OIL AND GAS
New Satellite Data Will Help Farmers Facing Drought

Snow Cover on Arctic Sea Ice Has Thinned 30 to 50 Percent

NASA to Investigate Climate Impacts of Arctic Sea Ice Loss

DigitalGlobe Announces Launch of WorldView-3

OIL AND GAS
Calculations with Nanoscale Smart Particles

Bacterial nanowires: Not what we thought they were

Flexible tapes from the nanoworld

Eco-friendly 'pre-fab nanoparticles' could revolutionize nano manufacturing




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.