World news – weekly shale update, 11 - 17 August 2014

Selected international news from shale gas exploration and production industry

Austria

Borealis, a petrochemical corporation, signed a contract for supply of ethane from the Marcellus and Utica Formations (USA). Deliveries will start in 2016 and last 10 or more years.

Chile

ConocoPhillips plans to explore oil and gas in south Chile.

USA

US Department of Commerce plans to impose new sanctions on Russia to ban transfer of technology for development of unconventional oil resources.
Hydraulic fracturing has no effect on water quality, announced Wyoming authorities. Studies made in 50 wells Badania prowadzone na 50 did not reveal any effect of gas production on freshwater quality. Fracturing fluid leaks into the soil or failures with potential environmentally-adverse effects were not reported. Well integrity was not compromised.

Colorado authorities reached a deal with the House of Representatives to withdraw from initiatives aimed at imposing stiffer regulations on hydraulic fracturing.
California authorities launched environmental studies of 11 active shale oil production wells. The studies are intended to check whether fracture stimulation is safe to groundwater and water intakes. So far, approx. 1500 hydraulic fracturing operations have been made in California.

United Kingdom

UK Onshore Oil and Gas (UKOOG) organisation published results of a poll on shale gas support among British residents. Fifty seven percent of those polled support shale gas production, whereas only 16% of them are against fracking-based exploration and 27% have no opinion in that matter.

sources: cire.pl, Biznes Alert, gazlupkowy.pl

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