Subscribe free to our newsletters via your
. Military Space News .




OIL AND GAS
Wood Mac: Europe could take page from U.S. shale gas
by Daniel J. Graeber
Houston (UPI) Aug 20, 2014


disclaimer: image is for illustration purposes only

Europe may be on the cusp of developing a shale natural gas sector that could mimic the expansion in the United States, analysis from Wood Mackenzie finds.

Developments in hydraulic fracturing, or fracking, and horizontal drilling have led to exponential increases in U.S. natural gas production since at least 2005. Geological complexities have presented obstacles to a replication of the phenomenon outside the United States.

Robert Clarke, director of research into the area for Wood Mackenzie, said U.S. shale gas production has evolved from operations in easy-to-reach and highly productive basins to what he's describing as "unconventional 3.0" -- a phase characterized by a lessons-learned approach to areas once considered too difficult for commercial drilling.

"Europe is one of the best areas outside of the United States for this to occur," he said Wednesday in an e-mailed statement.

His report says countries outside the United States -- notably Mexico, Russia, Poland, Ukraine and the United Kingdom -- could capitalize on this potential with the right equipment in place.

"Unconventional 3.0 could become the first success phase of international unconventional projects, instead of the last," he said.

.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








OIL AND GAS
Shale oil 'dividend' could pay for smaller carbon footprint
West Lafayette IN (SPX) Aug 21, 2014
Unanticipated economic benefits from the shale oil and gas boom could help offset the costs of substantially reducing the U.S.'s carbon footprint, Purdue agricultural economists say. Wally Tyner and Farzad Taheripour estimate that shale technologies annually provide an extra $302 billion to the U.S. economy relative to 2007, a yearly "dividend" that could continue for at least the next two ... read more


OIL AND GAS
US Congress approves funding for Israel's Iron Dome

MEADS International touts its air defense system capabilities

Space surveillance satellites being sent into orbit

Patriot getting enhanced radar capabilities

OIL AND GAS
U.S. Navy, Italy receiving more AARGM missiles

Nearly all Gaza rockets self-made: Israeli army

Russia has violated arms treaty by testing cruise missile: US

MD 530G attack helicopters fires Talon rockets

OIL AND GAS
Drones fly alongside manned planes in Navy test mission

US names New York test site for small drones

Northrop completes UAV fuselage for NATO program

Brazil's Flight Tech exporting UAV

OIL AND GAS
Saudis seek to upgrade AWAC planes

ADS will bid for USAF order for commercial satellite bandwidth

RRC supports Navy's Satellite Communications Facility in Virginia

Communications system used in Afghanistan gets Northrop support

OIL AND GAS
Greek Army's German-made Leopard tanks getting ammunition

Army orders equipment from TeleCommunication Systems Inc.

Raytheon partners with university of technology research

USAF cargo loaders getting support from DRS

OIL AND GAS
German coalition bickers over arms exports

Putin vows to boost arms sales to Egypt's Sisi

Denel to buy BAE Systems company in South Africa

"Red tape" should not mar India-US defense cooperation: Hagel

OIL AND GAS
Philippines protests Chinese patrols over sea bank

Pope says he wants to visit China

Enforced silence at China's Cultural Revolution museum

Russia 'guaranteed' no soldiers in Ukraine convoy: US

OIL AND GAS
Calculations with Nanoscale Smart Particles

Bacterial nanowires: Not what we thought they were

Flexible tapes from the nanoworld

Eco-friendly 'pre-fab nanoparticles' could revolutionize nano manufacturing




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.