Latest news
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
New gas discovery in Italy’s PO Valley
Sound Oil plc, an independent oil and gas company, which activates mainly in Indonesia and Italy, has announced a new gas discovery at Nervesa well, in Italy’s Po Valley. A further announcement on total estimated quantities at the site will be made in the coming months, with possible production envisaged for 2015.
read more... 25/07/2013
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
EC: No plans to impose a ban for shale gas in Europe
Janez Potocnik , the European Commissioner for the Environment, has announced recently that there were no plans to impose a blanket ban on hydraulic fracturing, but it also added that the EC will lay out rules to address environmental concerns by the end of the year
read more... 19/07/2013
France keeps saying no to shale gas development
Even if France is viewed as one of the most promising countries in Europe in terms of shale gas reserves, in 2011 the French government imposed a moratorium on hydraulic fracturing for shale gas due to worries about its potential impact on the environment.
read more... 15/07/2013