Latest news
France: Hollande faces pressure to overturn shale gas policy
Tension continues to intensify on the French President François Hollande to overturn his policy on shale gas exploration.
read more... 06/08/2013
Shale gas: Chevron could draw Eastern Europe towards natural gas independence
The American gas giant Chevron remains optimistic about prospects of shale gas explorations in Eastern Europe, being confident that shale gas could break the Russian grip on gas.
read more... 26/07/2013
UK revealed it intends to create the most generous tax breaks in the world for shale gas producers
Britain's finance minister George Osborne has announced that Britain could become a leader in shale gas extraction as he intends to create world's "most generous" regime. He revealed that it plans to cut from 62% to 30% the tax on a proportion of production incomes, in a move which aims to encourage shale gas exploration.
read more... 22/07/2013
Romania: Chevron won the approval to start shale gas exploration
US oil giant Chevron obtained permits to drill exploration wells for shale gas in the areas in eastern Romania. Chevron will explore for shale in three blocks of 670,000 acres near the Black Sea. The permits will consent to Chevron to drill at depths of between 10 and 15 meters within an area that measure 1,800 square kilometers.
read more... 12/07/2013
Poland rethinks its strategy for shale gas production
Doubts over the scale of Poland's shale gas reserves surfaced last June after ExxonMobil announced plans to cease exploration, citing disappointing test drilling results. The withdrawal of two more multinationals - Talisman Energy of Canada and U.S. oil giant Marathon - has cast significant doubts over the viability of shale gas in Poland.
read more... 09/07/2013