The same technology that unleashed a natural gas bonanza in North America over the past decade has the potential to transform the European energy industry.
“A year or two from now, the activity over in Europe is going to be absolutely frenetic, and so you’ve got to get in there early,” said Craig Steinke, executive chairman [...]
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Royal Dutch Shell Plc and Devon Energy Corp. may join Exxon Mobil Corp. as buyers of U.S. shale- gas producers or projects, the chief executive officer of gas developer Range Resources Corp. said. A blog post called, “Drill Bits: Rig Count Picks Up Again. Why?” on the Wall Street Journal website by Ben Casselman speculates on why the number of active rigs is up for the third week in a row. A few weeks ago, V-Vehicle Company (VVC), a San Diego firm backed by oil man turned environmentalist T. Boone Pickens revealed that it’s the manufacturer setting up shop in Monroe, Louisiana to build a range of high-efficiency combustion-engine cars. The state offered VVC an incentive package worth $67 million, and local governments will put [...] In March of this year, AT&T announced it was replacing 8,000 of its U.S. fleet with vehicles running on natural gas over the next few years. This week AT&T have announced that they are going to deploy 30 vans running on compressed natural gas for its Oklahoma fleet (this represents 10 percent of AT&T’s fleet [...] Yesterday, RIGZONE carried an exciting article on a junior player called Mainland Resources. They are expanding testing in the Haynesville Shale area in Mississippi. Read the below RigZone article or check it out on RigZone’s site. Billionaire oil investor T. Boone Pickens said this past Wednesday, that he doubts a $26 billion natural gas pipeline from Alaska will be built any time soon as abundant new shale gas supplies reduce the need for the expensive project. With natural gas prices at a low right now, one could start to wonder if natural gas will becomes a worthy competitor to coal as the primary source for electricity in the U.S. The Fort Worth Business Press carried an article this week called: “Shale plays push up natural gas supplies to record levels”. It was written by Robert Francis. Today in the New York Times, in the Energy & Environment section, there was a great article written my BEN GEMAN AND KATHERINE LING, (Greenwire). |
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