fracking | Egypt Oil & Gas
Devon Energy to Buy Rival Shale Company
US oil and gas producer, Devon Energy Corporation, will buy shale-oil rival WPX Energy for an estimated $2.56 billion as it looks to cement its position in the top US oilfield, according to Reuters. The deal, which co...
France Studying to Ban Imports of US Shale Gas
French Energy Minister, Segolene Royal, said she is investigating legal means to ban the import of shale gas from the United States because France has banned shale gas exploration using hydraulic fracking for environm... UK Legalizes Fracking for Shale Gas Extraction
The UK MPs have voted to legalize fracking for extraction of shale gas trapped in underground shale rocks some 1,200m below national parks to offset declining North Sea oil and gas output, Reuters reported. The fracki...
US Shale Producers Lose Price Bet
The majority of US shale oil and gas producers passed up the opportunity to hedge prices by guaranteeing at least $60/b last quarter, Reuters reported. Roughly 70% of US companies did not choose to hedge prices, osten...
Britain Fast Tracking Fracking Applications
The British government recently announced changes in the way applications for hydraulic fracturing (fracking), are processed, Reuters reported. The new regulations will allow local Communities’ Ministers to directly a...
Mexican Oil and Gas Plays Struggle to Attract Investment
A full two years after Mexico was opened up to competition with Pemex, the state is struggling to attract investment, said Offshore Engineer in a recent report. In 2013 the Mexican government dismantled the structures...
Task Forces Says UK Fracking ‘Could Be Safe’ Under Regulation
Fracking could potentially be done safely in the UK under “rigorous regulation”, but it is too early to say whether it would be “a good idea”, the Task Force on Shale Gas has reported. It said ...
After Fracking Denial, Cameron Hopes Unconventional Gas an Option for UK
On Monday, the council of Lancashire, located in northwestern England, rejected the British fracking company Cuadrilla’s plans to develop a new fracking site in Little Plumpton. Cameron expressed hope that ̶... 
