The head of Strategy for BP, Dominic Emery, has admitted that some of the company’s oil and gas “won’t see the light of day.”
What a difference a day makes. Last week, the FT’s “Energy Special” pull-out included an article on China’s potential for shale gas. The article quoted a recent report from the investment bank, Jefferies which said: “Unconventional gas is a dream come true for China’s energy policymakers,” but then the report added “China does not need … Read More
As the shale gas boon sweeps America, there is a key battle going on between the oil and gas industry and environmentalists about the environmental impact of fracturing. Fracturing – where chemicals, sand and water are used to separate the gas from rocks – has been used in oil and gas drilling for decades, but … Read More
Don’t you just love it? As some 45,000 people – from governments, to business to NGOs talk about climate change and how to tackle it, the oil boys just get on with business, regardless of any outcome. Exxon has just made the largest play in the energy market for four years, and no – its … Read More
As energy prices rise on a daily basis, anything becomes possible. First unconventional heavy oils from tar sands to oil shales have become economical, now it’s the turn of “unconventional gas”. Just as we blogged that natural gas supplies are beginning to dry up, so energy companies are starting to exploit this new resource.