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This week, on our Energy Special series as part of the India Energy Week 2025 (Feb 11-14), financial journalist Govindraj Ethiraj talks to Arun Kumar Singh, Chairman and Chief Executive Officer at the Oil and Natural Gas Corporation Limited. They discuss the current state of oil exploration, onshore vs offshore production, their new deal with British Petroleum, petrochemical strategy, renewables and much more. Tune in to get insight's into ONGC's current business strategy. (00:00) Introduction (02:08) Oil Exploration in India (03:39) Onshore vs Deepwater (07:25) Current Production (08:42) New deal with British Petroleum (10:17) Big reservoirs have eluded us (15% Oil is domestic production) (11:42) ONGC is present in 15 countries (13:54) ONGC Petrochemical Strategy (17:05) Renewables (19:30) The long-term view (21:07) Management Focus on Exploration and Production (E&P) (24:39) Increasing Recovery percentage (25:53) Shale Gas (28:08) Do governments only have the capacity for E&P (29:41) Research and Development (33:00) What are the opportunities in working for ONGC? Register for India Energy Week, Feb 11-14 Listeners! We await your feedback.... The Core and The Core Report is ad supported and FREE for all readers and listeners. Write in to shiva@thecore.in for sponsorships and brand studio requirements For more of our coverage check out thecore.in Join and Interact anonymously on our whatsapp channel Subscribe to our Newsletter Follow us on: Twitter | Instagram | Facebook | Linkedin | Youtube
This is a free preview of a paid episode. To hear more, visit www.theflyingfrisby.comIt's difficult to look beyond bitcoin and MicroStrategy (NASDAQ:MSTR) at the moment, the later in particular. Nobody expected this, not even Chairman Michael Saylor. The returns have been astonishing. A couple of readers have reported to me that the gains have been life-changing. Wow! What an email to receive. It's easy to get hubristic when you have a big win. Instead, let us express gratitude for the good fortune that has smiled upon us. But look beyond we must, and so today I want to look at what I can only describe as a stealth bull market - natural gas. The price is creeping up, and few are talking about it.Natural gas is a bit like silver: if it can disappoint, it will. So we begin this piece with that reminder. Natural gas has broken the soul of many a wiser man than me.On the other hand, the next five years look pretty positive.It's obvious that the world is going to go nuclear now, and that Small Modular Reactors (SMRs) are going to provide the power AI so badly needs. However, it will be a good five years before they on stream, so what is going to provide the power in the interim?The answer is natural gas.There is a problem, however: Supply.America's Gas Wells Are Drying UpThe North American Shale Gas Revolution dramatically changed the outlook for fossil fuels. Peak Oil was a huge theme leading up to the Global Financial Crisis, and then it disappeared, almost overnight.Between 2005 and 2020, US natural gas production grew by 90%, with shale accounting for the bulk of it. In 2005, shale gas made up about 5% of US natural gas production; by 2020, it was over 75%. By 2017, the US had become a net exporter, especially of more transportable liquefied natural gas (LNG).The price, meanwhile, plummeted. Good for consumers!Here's the long-term chart so you can see those price declines since 2005. From almost $16 to $3.50 today (as low as $1.50 earlier this year, where it has formed an attractive double bottom - you know how I like those).Obviously, we in the UK and Europe pay way more for our natural gas than they do in North America. It's so dumb; we have enough to supply ourselves in the UK. But we don't because fracking is deemed environmentally damaging. So we import gas from abroad, which is produced by, you guessed it, fracking. I guess if it is fracked somewhere else, it's less harmful. Not Then there are the transport costs and the environmental costs that come with that.Anyway …Spanning Ohio, New York, West Virginia, and Pennsylvania, Marcellus is the largest natural gas-producing field in the United States, contributing over 25% of production. In 2010, output was 2 billion cubic feet per day (bcf/d). By 2023, it exceeded 35 bcf/d, but production has been falling for almost a year now. We are currently at 26.7 bcf/dThe next largest is Haynesville, in Louisiana, Texas, and parts of Arkansas. Extraction costs here are higher, and production stands at 16 bcf/d, but it is slowing here too, according to analysts Goehring & Rozencwajg.One of the few areas of growth is the Permian Basin, in Texas and New Mexico, currently around 23 bcf/d, but even there, growth is modest.Now, it might be that the reason for stagnating growth is low prices - they often are - and higher prices will result in increased production. They usually do. That is the way with commodities.But natural gas prices have already doubled this year, and they keep on creeping up.The other interpretation is that the North American Shale Gas Revolution has passed its peak.With America's new president, you can expect plenty more investment in production than under the Democrats, and that should bring the price down, but the gas price has actually risen - from $2.70 to $3.50 - since the election.It might also be that Russian gas taps come back online to the EU sometime next year, which means America will lose its new market.But all of this conjecture is factored into the price. And that is rising.How to invest all this
This is a free preview of a paid episode. To hear more, visit www.theflyingfrisby.comIt's difficult to look beyond bitcoin and MicroStrategy (NASDAQ:MSTR) at the moment, the later in particular. Nobody expected this, not even Chairman Michael Saylor. The returns have been astonishing. A couple of readers have reported to me that the gains have been life-changing. Wow! What an email to receive. It's easy to get hubristic when you have a big win. Instead, let us express gratitude for the good fortune that has smiled upon us. But look beyond we must, and so today I want to look at what I can only describe as a stealth bull market - natural gas. The price is creeping up, and few are talking about it.Natural gas is a bit like silver: if it can disappoint, it will. So we begin this piece with that reminder. Natural gas has broken the soul of many a wiser man than me.On the other hand, the next five years look pretty positive.It's obvious that the world is going to go nuclear now, and that Small Modular Reactors (SMRs) are going to provide the power AI so badly needs. However, it will be a good five years before they on stream, so what is going to provide the power in the interim?The answer is natural gas.There is a problem, however: Supply.America's Gas Wells Are Drying UpThe North American Shale Gas Revolution dramatically changed the outlook for fossil fuels. Peak Oil was a huge theme leading up to the Global Financial Crisis, and then it disappeared, almost overnight.Between 2005 and 2020, US natural gas production grew by 90%, with shale accounting for the bulk of it. In 2005, shale gas made up about 5% of US natural gas production; by 2020, it was over 75%. By 2017, the US had become a net exporter, especially of more transportable liquefied natural gas (LNG).The price, meanwhile, plummeted. Good for consumers!Here's the long-term chart so you can see those price declines since 2005. From almost $16 to $3.50 today (as low as $1.50 earlier this year, where it has formed an attractive double bottom - you know how I like those).Obviously, we in the UK and Europe pay way more for our natural gas than they do in North America. It's so dumb; we have enough to supply ourselves in the UK. But we don't because fracking is deemed environmentally damaging. So we import gas from abroad, which is produced by, you guessed it, fracking. I guess if it is fracked somewhere else, it's less harmful. Not Then there are the transport costs and the environmental costs that come with that.Anyway …Spanning Ohio, New York, West Virginia, and Pennsylvania, Marcellus is the largest natural gas-producing field in the United States, contributing over 25% of production. In 2010, output was 2 billion cubic feet per day (bcf/d). By 2023, it exceeded 35 bcf/d, but production has been falling for almost a year now. We are currently at 26.7 bcf/dThe next largest is Haynesville, in Louisiana, Texas, and parts of Arkansas. Extraction costs here are higher, and production stands at 16 bcf/d, but it is slowing here too, according to analysts Goehring & Rozencwajg.One of the few areas of growth is the Permian Basin, in Texas and New Mexico, currently around 23 bcf/d, but even there, growth is modest.Now, it might be that the reason for stagnating growth is low prices - they often are - and higher prices will result in increased production. They usually do. That is the way with commodities.But natural gas prices have already doubled this year, and they keep on creeping up.The other interpretation is that the North American Shale Gas Revolution has passed its peak.With America's new president, you can expect plenty more investment in production than under the Democrats, and that should bring the price down, but the gas price has actually risen - from $2.70 to $3.50 - since the election.It might also be that Russian gas taps come back online to the EU sometime next year, which means America will lose its new market.But all of this conjecture is factored into the price. And that is rising.How to invest all this
Dive deep into the fascinating world of shale gas with Chuck Yates and Alex Underwood, the visionary CEO of Empire Energy Group Limited, as they explore why Australia might hold the future of shale gas.Discover how Alex's rich family history in mining, from Burma to Papua New Guinea, influenced his career trajectory, leading him to become a key player in Australia's emerging shale gas industry. This episode offers unique insights into the Australian mining and oil and gas sectors, detailing how Empire Energy is leveraging innovative strategies to tap into the vast potential of the Beetaloo Basin.Alex Underwood shares his journey from finance major and law student to becoming an entrepreneurial leader in the oil and gas sector, highlighting key industry insights and future trends. Tune in to understand the broader implications of shale gas exploration and how it could reshape energy markets globally.Alex Underwood is the CEO of Empire Energy Group Limited, a leading player in the Australian shale gas industry. With a rich heritage in mining and extensive experience in finance and petroleum, Alex brings a unique perspective to the energy sector. His leadership is set to propel Empire Energy as a significant contributor to the global energy landscape.00:00 - Intro01:40 - How did you get into the oil and gas industry11:20 - What do we know about the Beetaloo Basin12:40 - What's the plan for the next well18:30 - What's the market cap of this company22:34 - What's the economics of this gas play26:50 - Energy demand31:16 - Data centers32:08 - Nuclear energy34:50 - Natural gas40:25 - Energy industry messaging43:50 - Pulling out of the GFC46:10 - What is cricketFind us here
The threat of a wider Middle East war is increasing. Over the past weekend, Iran attacked Israel with missiles and drones in retaliation for Israel's suspected strike on Iran's embassy in Syria. This week, our guest, Raoul LeBlanc, Vice President, Energy, S&P Global Commodity Insights, explains why oil prices have increased over the past few months, including the impact of the growing conflict in the Middle East, OPEC+, and US shale oil growth. Jackie and Peter also asked Raoul about recent research by Prof. Robert Howarth from Cornell University. The paper, which has not yet been peer-reviewed, concludes that US LNG could be comparable to, or even worse than, coal from a GHG emissions perspective when methane leaking is considered. A BNN article reported that Howarth's paper influenced President Biden's pause on LNG approvals. Finally, Raoul explains the drivers for US oil and gas producers' recent mergers and acquisitions (M&A) and if this trend could come to Canada. Content referenced in this podcast: How One Scientist Influenced Biden's Pause on LNG Approvals (BNN Bloomberg, Feb 29, 2024) The Greenhouse Gas Footprint of Liquefied Natural Gas (LNG) Exported from the United States by Robert W. Howarth, Department of Ecology & Evolutionary Biology, Cornell University (version is not final and it is currently in a peer review process; original version submitted October 2023, revised version submitted March 2024) Please review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/ Check us out on social media: X (Twitter): @arcenergyinst LinkedIn: @ARC Energy Research Institute Subscribe to ARC Energy Ideas Podcast Apple Podcasts Google Podcasts Amazon Music Spotify
Congratulations to this week's selected creators: @mvpeers,@jgkelley, @CollingsPaige, @hbarra, @krishnanrohit, @geneteare, @chudson, @aliyalakhani, @jeffbeckervc, @nvidia, @LanceUlanoff, @JoannaStern, @RachelEnsignWSJ, @gvipers, @viaCristiano, @jacobbogage, @marianaa_alfaro, @stevesi, @mgseigler, @oliverbethell, @abbyohlheiser, @alex, @ChristineMHall, @JessicalessinContents* Editorial: Ban Foreigners Owning Key Assets?* Essays of the Week* Busting Myths on Foreign Media Ownership as TikTok Ban Looms* Congress Should Give Up on Unconstitutional TikTok Bans* Vision Pro is an over-engineered “devkit”* LLMs have special intelligence, not general, and that's plenty.* Fintech Unicorns Trot Onto Leaderboard In February* The Changing Nature of Pre-Seed Syndication* Screening for Maniacs* Video of the Week* NVIDIA CEO Jensen Huang* AI of the Week* Forget Sora, this is the AI video that will blow your mind – and maybe scare you* OpenAI Made AI Videos for Us. These Clips Are Good Enough to Freak Us Out.* News Of the Week* House passes TikTok bill that could ban app in the U.S., spawning Senate* support* HR 7521* Steven Mnuchin Says He Is Putting Together a Group to Buy TikTok* Strangulation or Regulation?* An update on our preparations for the DMA* Banning TikTok would be both ineffective and harmful* Coinbase Raises $1 Billion Through Convertible Notes Offering* Stripe's growth continues to impress as total payment volume tops $1 trillion* Startup of the Week* The Information* X of the Week* Cyan Bannister on Space X and Elon MuskEditorial: Ban Foreigners Owning Key Assets?As I digested the news that the House had voted to force Chinese-based investor ByteDance to divest ownership in TikTok, I pondered whether the US or US companies owned key strategic assets in other nations. I was pretty sure the answer was yes.I asked ChatGPT:What key assets of overseas countries are owned by the United States or US Companies?The answer was long. There are a lot, covering Real Estate, Energy and Natural Resources, Financial Services, Technology and Telecoms, Infrastructure, Media, Entertainment, Agriculture, and Pharmaceuticals and healthcare.I asked it to dive deeper into Energy and Natural Resources:Can you expand on energy and natural resources and list the top 5 assets that are US-owned by strategic to the country in question?ChatGPTExpanding on the energy and natural resources sector, U.S. companies' overseas investments often focus on areas with significant strategic value, either due to their size, the nature of the resources, or their critical role in the host country's economy. Identifying the "top 5" assets can be challenging due to the dynamic nature of the industry and the sensitivity around such strategic assets. However, I can provide examples that highlight the kind of assets that would be considered strategically significant:* Oil Fields in the Middle East: U.S. companies have long had interests in the Middle East's oil fields, which are among the world's largest and most productive. An example would be Chevron's stake in the Partitioned Zone between Saudi Arabia and Kuwait. These assets are crucial due to their vast reserves and the global oil market's dependence on Middle Eastern oil.* Natural Gas Projects in Australia: The U.S. energy giant Chevron operates two of Australia's largest natural gas projects, Gorgon and Wheatstone. Australia is a key player in the global LNG market, and these projects represent significant U.S. interests in the region, providing energy to Asia-Pacific markets.* Mining Operations in Africa: U.S. companies have significant mining operations in Africa. For instance, Freeport-McMoRan's involvement in the Democratic Republic of the Congo's cobalt and copper mining industry is crucial, given cobalt's importance in battery production for electric vehicles.* Shale Gas in Argentina: U.S. companies like Chevron and ExxonMobil are involved in Argentina's Vaca Muerta shale formation, one of the largest reserves of shale gas and oil outside North America. This is strategic for Argentina, contributing to its energy security and potential as an energy exporter.* Renewable Energy Investments in Europe: U.S. companies are increasingly investing in renewable energy assets abroad, such as Iberdrola, a Spanish company in which the U.S. investment bank JPMorgan Chase holds a significant stake. This investment is strategic as Europe transitions towards sustainable energy, and Iberdrola is a major player in wind and solar energy.These examples illustrate the diverse nature of U.S. energy and natural resource investments abroad, emphasizing assets that are strategically important due to their size, the resources they provide, or their role in the host country's energy sector.What is the point of this exercise? The goal is to illustrate that global interconnectedness is the norm, not the exception. International relations have had reciprocity—allowing foreign companies to operate in the U.S. fosters a reciprocal environment where American companies can also expand and thrive overseas. The moment the domicile of ownership appears as an issue, the biggest loser will be the largest owner of foreign assets—hint: not China.TikTok does not represent a threat to the US. And Bytedance's ownership is not more concerning than Shell's ownership of oil platforms overseas should be. Indeed, Bytedance, and therefore TikTok, is not even “Chinese” anymore: This is from the FT:The company is often described by western politicians as a “Chinese” entity. However, as I have noted before, some 60 per cent of the group is actually owned by “international” investors, overwhelmingly American. An estimated $8bn has been invested by private capital companies, including Sequoia Capital, Susquehanna, General Atlantic and Coatue Management. Mainstream investment funds such as Fidelity, T Rowe Price and BlackRock are exposed, too.Returning to the economic nationalism of the inter-war years and fear-driven politics will not serve humanity at all. Demonizing Chinese ownership will equally have negative results, especially if China reciprocates with US ownership, such as Tesla or Apple in China.Who benefits from this demonization? - jingoistic politicians seeking cheap votes. I cannot think of any example of jingoism serving good human outcomes.So, it seems the “predecessor” agrees, but I do not favor a TikTok ban or forced divestiture. I am with the EFF (see this week's essays) in seeing this ban as wholly negative. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit thatwastheweek.substack.com/subscribe
Interview with Alex Underwood, MD/CEO of Empire Energy Group Ltd.Our previous interview: https://www.cruxinvestor.com/posts/empire-energy-asxeeg-technical-analysis-due-diligence-4162Recording date: 26th January 2024Empire Energy controls huge shale gas resources in Australia's Northern Territory, estimated at over 40 trillion cubic feet by independent assessors. With domestic east coast markets facing looming supply shortfalls amid rising global demand, Empire has a clear strategic production roadmap to monetize these world-scale gas assets.Initially focussed on oil and gas production in the US, Empire pivoted towards acquiring and proving up acreage in the vast onshore Beetaloo Basin after capitalizing on the US shale boom's early stages. Australia's Beetaloo region shares similar shale geology and Empire moved swiftly to build a dominant position. Few companies boast more prime shale acres.Having confirmed world-class volumes of gas in place via drilling vertical and horizontal test wells, Empire is fast-tracking low cost pilot schemes. An initial 3 well development campaign with 60 stage hydraulic fracturing aims to flow test production potential. Early success would derisk substantial follow-on development, likely attracting industry interest.Empire has accelerated pilot production plans by acquiring a second-hand gas facility for a bargain $3 million. Refurbishing this will expedite on-site infrastructure assembly. Along with advanced talks on securing gas sales agreements, first cash flow now looks possible inside 12 months.Beyond pilot schemes, Empire has a multi-stage production growth plan. Phase one fills spare capacity in an existing pipeline traversing Empire's permits. Rapidly expanding output from 25 million cubic feet per day to feed Darwin's energy shortfall would generate over $100 million annual revenue. Subsequent phases look to ramp up production, ultimately targeting 1 billion cubic feet daily for southern LNG exports. Attractive economics expected from initial wells provides cashflow to fund each organic development stage.From an early entry point, Empire Energy offers leveraged exposure to realization of the Beetaloo Basin's full potential. Key de-risking milestones are approaching fast. Cash flow and resource appraisal progress could spotlight Empire's world-scale gas resource. Its disciplined step-by-step commercialization strategy aims to capitalize on strengthening gas market conditions. Targeting first production within 12 months provides investors a near term catalyst.—View Empire Energy Group's company profile: https://www.cruxinvestor.com/companies/empire-energy-groupSign up for Crux Investor: https://cruxinvestor.com
The world is in a state of flux when it comes to energy production. Australian coal is being bought up by China as fast as it can be mined, Europe is coming to terms with Russian gas supplies being a bargaining chip in international politics, and the US is grappling with how to produce more energy whilst meeting green targets and keeping people in mining areas employed. It's a tough balancing act. So how can countries realistically become more energy independent in a sustainable way with the tech that's viable today? This is the first of a two part special. Next time we'll be looking at how to make the most of the energy we already have.We start off by meeting Doug Kothe, a Nuclear Scientist who, until recently, headed up the Exascale computing team at the Oak Ridge National Laboratory in the US. He's hugely excited by recent developments in the field, but is also a realist who understands that Fusion energy is still a way off being commercially viable and scaleable. So what are the alternatives? Professor Patricia Thornley from Aston University is Director of the Energy & Bioproducts Research Institute. They look at the energy potential of waste biomass - sewage and agricultural by-products - to provide not only electricity, but also materials such as plastics, and fuels such as gasoline, diesel and even jet fuel and hydrogen. Their research shows enormous promise - up to 45% of the UK's energy needs could be provided in a carbon-neutral or even net negative way simply by processing agri-waste. In many parts of the world, close to 100% is achievable. But what about countries where land is at a premium? There's alternatives here, too. Carnegie Clean Energy is an Australian-based engineering firm who are perfecting their CETO wave-generation technology. They use submerged bouys pulling on cords to generate energy in an environmentally non-destructive way. As Carnegie CEO Jonathan Fievez explains, the difference in their technology is that the generators can pull on their own cords to raise, lower or angle themselves. That lets them both generate more electricity, and protect themselves from the bad weather and turbulent seas which have traditionally made the tech difficult to implement commercially. They do this via an ingenious AI tool called reinforcement learning, whereby an AI learns to control the bouys by being rewarded for the amount of energy they generate. Testing is currently ongoing, but early results suggest a 20-40% performance improvement with less wear and tear, which could be a lifeline for remote and island communities currently relying on diesel generators. Driving this AI technology is Hewlett Packard Enterprise Labs, who have been working in partnership with Carnegie. Christian Temporale and Maria Ridruejo have been implementing the project for HPE, and are excited by the progress that's been made. They believe that machine learning techniques such as this could make significant improvements in other technologies, such as 'smart' wind turbines, and developing better forms of solar panels.
Portfolio Committee on Mineral Resources and Energy is expected to receive an update from the Department of Mineral Resources and Energy on the latest shale gas developments. The possible extraction of gas from the Karoo could be a game changer in so far as the country's energy crisis is concerned. Large reserves of shale gas have been identified in the Karoo basin, which alone could provide up to 4% of additional electricity requirements with no need for pipelines. Sakina Kamwendo spoke to Chief Executive Officer of the South African upstream oil and gas regulatory authority, Petroleum Agency South Africa (PASA), Dr. Phindile Masangane
This week Michael (Mike) Rose, Chairman, President, and Chief Executive Officer of Tourmaline joins us as our guest. Tourmaline made some exciting announcements last week. First, they announced a partnership on a compressed natural gas (CNG) fueling station network across Western Canada to enable heavy-haul trucks to get off diesel. The company also announced that they plan to double the amount of gas they ship as LNG by 2026. Here are some of the questions that Jackie and Peter asked Mike: How have Western Canadian gas producers survived low gas prices? Why is Tourmaline investing in natural gas stations for heavy-haul trucking now, considering it still has GHG emissions? Has Tourmaline reduced its environmental footprint, including greenhouse gas emissions? How challenging is it to achieve the federal government's goal of reducing oil and gas emissions in the range of 40 to 45 percent by 2030? Are you exporting LNG to international markets today? Can Canada compete with the U.S. to supply gas to LNG export terminals on the U.S. Gulf Coast? How much WCSB gas could ultimately be shipped off Canada's West Coast? Other information referenced in this podcast: Alberta Government's aspirational plan to reach net zero by 2050 “Alberta emissions reduction and energy development plan.” Global News (April 18, 2023) “Tourmaline, Clean Energy Fuels to partner on natural gas fueling station network.” Bloomberg (April 18, 2023) “Tourmaline Aims to Double Portion of Gas Shipped as LNG by 2026.” Please review our disclaimer at: https://www.arcenergyinstitute.com/disclaimer/
Peter Morris is the newest edition to the Investor Relations team at Corporate Storytime (based in Perth). Peter was born in Connecticut but moved to Texas when he was young. He grew up right on top of the Barnett Shale, which was one of the first Shale Gas areas in the United States. This was an omen for a future in Commodities and Trading. Peter has worked as both an Analyst and Portfolio manager across the United States and Hong Kong. He has a wealth of experience in the Energy sector and is now transferring his global network and expertise into the Aussie Mining industry. If you would like to get in touch with Pete, email him via peter@corporatestorytime.com or alternatively head to the Corporate Storytime website. Give Corporate Storytime a follow on LinkedIn and Twitter While you're at it, give Life Of Mine a follow on LinkedIn and Twitter ***************************************************************** If you would like your company to be a part of Channel Mine News or have your company interviewed, get in touch with me via matt@lifeofminepodcast.com ***DISCLAIMER*** All Life Of Mine episodes are for information only and may contain forward looking statements that may not eventuate. Please do your own research before making any investment decision or alternatively seek advice from a registered financial professional. **************** Buy all your Life Of Mine Merch here Life Of Mine LINKS Follow on LinkedIn Follow on Twitter Subscribe on Youtube Follow on Facebook Follow on Instagram Make sure you subscribe to Life Of Mine wherever you get your Podcasts (links below): APPLE SPOTIFY GOOGLE PODBEAN
Peter Morris is the newest edition to the Investor Relations team at Corporate Storytime (based in Perth). Peter was born in Connecticut but moved to Texas when he was young. He grew up right on top of the Barnett Shale, which was one of the first Shale Gas areas in the United States. This was an omen for a future in Commodities and Trading. Peter has worked as both an Analyst and Portfolio manager across the United States and Hong Kong. He has a wealth of experience in the Energy sector and is now transferring his global network and expertise into the Aussie Mining industry. If you would like to get in touch with Pete, email him via peter@corporatestorytime.com or alternatively head to the Corporate Storytime website. Give Corporate Storytime a follow on LinkedIn and Twitter While you're at it, give Life Of Mine a follow on LinkedIn and Twitter ***************************************************************** If you would like your company to be a part of Channel Mine News or have your company interviewed, get in touch with me via matt@lifeofminepodcast.com ***DISCLAIMER*** All Life Of Mine episodes are for information only and may contain forward looking statements that may not eventuate. Please do your own research before making any investment decision or alternatively seek advice from a registered financial professional. **************** Buy all your Life Of Mine Merch here Life Of Mine LINKS Follow on LinkedIn Follow on Twitter Subscribe on Youtube Follow on Facebook Follow on Instagram Make sure you subscribe to Life Of Mine wherever you get your Podcasts (links below): APPLE SPOTIFY GOOGLE PODBEAN
With tier-one assets developed along with constraints on the industry with respect to supplies and manpower are we at the end of continuous growth of shale oil and gas? Follow me on Twitter: @JohnPolomny Follow me at my blog: www.actionableintelligencealert.com Interested in knowing how I translate the information in these videos into investment ideas? Consider a subscription to my paid newsletter “Actionable Intelligence Alert”. You can check it out by going to: https://prudentsquirrel.gumroad.com/l/uSJOA I have started up a Patreon account for those that wish to help support my work. Check it out here: https://www.patreon.com/JohnPolomny If you pledge at least $5.00 I will send you the current month's stock pick (this is a one-time stock pick). This way you can sample the “Actionable Intelligence Alert” newsletter and see if it is for you. Sign up for my weekly free emails that have tons of great information on profitable investing ideas. If you sign up I will send you a copy of my free e-book "Ten Rules For Investment Success" https://www.subscribepage.com/l7g1a8
Recently the UK Government halted the moratorium on Hydraulic fracturing, or fracking. leading to questions To Frack or not to Frack. Fracking is a technique for recovering gas and oil from shale rock. It involves drilling into the earth and directing a high-pressure mixture of water, sand and chemicals at a rock layer in order to release the gas inside. The injection of fluid at high pressure into the rock can cause earth tremors - small movements in the earth's surface. The problems with fracking is that the gas is hard to extract. The total amount of gas produced by Cuadrilla from Lancashire could be enough to provide heating and water to 508 3-bed semi-detached houses for 18 days. According to experts, this will do nothing to ease energy prices this winter, however, since it would take many years for an industry to develop and it remains unclear whether a significant amount of gas could be extracted, however it is being seen as part of a new domestic energy security push.
Opinions That Don't Matter epsiode 125 The pit of despair Kati is rattled Roxy is running the house Running & the LA Marathon Medical updates & how does a Dr choose a specialty? The End of an Era - reaching out for help Thanks Ray… Need glasses? Use my Eyeglasses Direct Referral Code. https://www.eyebuydirect.com/referral/11018045 Homeownership happenings, curtains and command tape In the news: The Shark that Walks around on land! Entering the olympics & our chosen sport is revealed Americana, school years & letterman jackets A cocktail recipe: Peanut Bourbon and Jam - 1 table spoon of PBFit - 3 ounces of Makers Mark The Mystery of Montana's Toilet Man https://apple.news/A7ZhB2JGvQZiKTyBDIuzIgg Boys named Epic, Rustin and Landry battle it out in US mullet championship https://metro.co.uk/2022/08/18/boys-named-epic-rustin-and-landry-battle-in-us-mullet-championships-17204019/ Canadian Music - Snow has been dissed by Complex Magazine - 12” of Snow is great! Sean wants to get a carplane… Kati is not sure about it https://www.samsonsky.com/ Audience Letters Bike helmet - Erin T.A.T.C. Lance Armstrong was going very fast Sean Vs Usain Bolt (the fastest man on the planet) Update - Lynn OTDM's teen ambassador Kati unpacks very quickly after a trip School starts much too early Massive TV's from Costco Traveling to Mars On the subject of butt calls - B.e(lo)n Send in your Butt Call stories to OTDMpod@gmail.com Kati goes to a strip club and butt dials her religious aunt Classic Attire, Hernias, Oil Sands and Shale Gas and What I Wear on the Job, Crazy Old Coach, and Tour Of My House - Tom Fragile is Italian Time pieces & artisanship Different types of keyboards - Ben Typewriter talk & Sean's lost manuscript pictures from Lake Balaton, favorite foods and more - - Christoph, OTDM Minister of Rock and Roll. Historian & possible Tourism Director of Hungary Guitar talk,VOX amps, Randy Rhodes, Fender Acoustasonic and a damaged Gibson Northern Artist Covid talk: The Pandemic is possibly over we're back baby! ––––– Discord community: https://discord.gg/4gPTrGBM9z Fan art to OTDMpod@gmail.com Speakpipe 90 second voice message: https://www.speakpipe.com/OTDM The OTDM census form https://forms.gle/qFZM3ywPzrpKMkKfA Amazon Suggestions https://www.amazon.com/shop/katimorton CONNECT TikTok @Katimorton @hatori_seanzo Instagram @katimorton @seansaintlouis @roxytheadventurer BUSINESS Linnea Toney linnea@underscoretalent.com --- Send in a voice message: https://anchor.fm/otdm/message Support this podcast: https://anchor.fm/otdm/support
Information Morning Moncton from CBC Radio New Brunswick (Highlights)
Lorraine Clair protested against shale gas exploration in Kent County in 2013.
Shale gas is a natural gas found in sedimentary rock This rock is found thousands of feet below the earth's surface The energy companies drill or frack for the natural gas (Fracking is a method of drilling that involves pumping high-pressure water and chemicals into the rock to release the natural gas ) Why is shale gas so important? For one thing, it's a very cheap source of energy It will lead to lower energy prices That's good news for the average consumer It's also very important in terms of foreign policy The United States imports a lot of its energy from overseas That's becoming more and more expensive Shale gas gives the United States a new source of cheap energy That will reduce the US trade deficit Shale gas will also lower US oil imports That's important because the United States has a lot of enemies in the Middle East It's nice not to be dependent on them for our energy It will also create a lot of new jobs The energy industry is one of the most important industries in the United States Shale gas will lead to many new jobs But not everyone is happy about shale gas There are some serious environmental concerns about fracking Fracking is a very noisy process It can also cause earthquakes and sinkholes People who live near fracking sites complain about the noise and the smell There are also concerns about water contamination Fracking uses a lot of water That water contains chemicals that can pollute groundwater WHAT ARE THE ECONOMIC BENEFITS OF FRACKING? The economic benefits of fracking are not just important in the United States The US is not the only country that can benefit from shale gas Canada and Australia are also rich in shale gas Shale gas is important for the global economy One of the most interesting things about shale gas is that it's a cheap source of energy Shale gas is only one-third as expensive as oil It's even cheaper than coal Energy prices have been rising in recent years Cheaper energy is good news for everyone It will mean that we can consume more products and services That's a huge boost for the global economy Shale gas is also important for the global economy because it's an alternative energy source Right now, the United States only produces about half of the energy it uses --- Send in a voice message: https://anchor.fm/david-nishimoto/message
I paesi del blocco atlantico hanno varato sanzioni durissime contro la Russia a seguito dell'invasione dell'Ucraina. Con Enzo Savignano facciamo il punto sui settori colpiti dalle sanzioni. Con l'economista Claudia Kemfert del DIW analizziamo le ricadute di queste sanzioni sull'economia tedesca e cerchiamo di capire quali siano le alternative alle fonti energetiche russe. A Margehrita Paolini della rivista Limes, infine, abbiamo chiesto se lo shale gas americano possa sostituire il gas russo. Von Luciana Caglioti.
1:31 - A significant number of entertainment and other events in Riyadh this winter has transformed the Saudi capital. The hosts discuss the significant changes ongoing in Riyadh as the city hosts "Riyadh Season." The grouping of events as part of a massive season-long entertainment push has Saudis traveling from all over the country to visit the capital, as guest co-host Fahad Almaliki attested. Saudi Arabia's Riyadh Season has welcomed more than 4.5 million visits in a month, according to the Saudi Press Agency. The season also generated more than 122,000 jobs.7:50 - A rundown of all the Saudi-related golf news this week. Saudi Arabia's annual golf tournament got some big names to commit this week. The Saudi International, which is hosted at the really beautiful Royal Greens golf club in Saudi Arabia, got commitments from Dustin Johnson, Bryson DeChambeau, Phil Mickelson, Tommy Fleetwood, Abraham Ancer, Paul Casey, Sergio, Kokrak...This is a who's who of golf. This is interest that can be fairly described as "overwhelming" from some of the top names in the sport. The PGA has 30 days before to not allow the players to play...or face a fine. Saudi Arabia's moves in this sport are generating widespread interest. 10:55 - Saudi Arabia's Tadawul is set to IPO. It's just the latest in a hot streak for the Saudi bourse. Earlier this month Tadawul got approval for the IPO in what could be one of the biggest in the exchange sector since Euronext NV's $1.2 billion listing. This has been in the works for years, since at least 2016. Tadawul at that time hired HSBC to help with the listing, and has since replaced HSBC with Citigroup Inc., JPMorgan Chase & Co., and SNB Capital as financial advisers and global coordinators for the IPO. The hosts get Fahad Almaliki's valuable take on this space.27:25 - Shale gas in...Saudi Arabia?We've talked a lot about Shale so far on this podcast, but mostly we've discussed U.S. shale. Saudi Arabia is making a shale gas play within the Kingdom's borders, on the Eastern province, The Jafurah shale field, according to several reports including one in SPGlobal.com. Saudi Aramco expects its Jafurah shale play to yield up to 2 Bcf/d of gas and contribute a significant amount of 418 MMcf/d of ethane and 630,000 boe/d of gas liquids and condensates by 2030.Aramco is really beginning to accelerate the company's development of unconventional resources.Just this week, Aramco awarded $10 billion dollars in EPC contracts for work at the field.35:15 - Saudi Arabia's growing economy and a year of optimism in 2022Economic forecasts are starting to congeal around the fact that the Saudi economy is set for a big year in 2022. The Saudi Government is forecasting growth at 7.5% in 2022. The World Bank says 4.9 percent. Jadwa Investment predicts 7 percent year-on-year growth.The consensus is not in the number but in the sentiment: the Kingdom is set for a pretty strong year economically, Omicron and other externalities notwithstanding...
Marine activists and scientists are up in arms over plans by oil giant, Shell, to carry out a seismic survey off the Wild Coast in a search for oil and gas deposits. The tests are due to get underway on the first of December and will last up to 5 months, covering 6,011km² of ocean surface. Our next guest, Dr Judy Mann, a conservation strategist at the South African Association for Marine Biological Research's Oceanographic Research Institute says seismic surveys have a negative impact on all animals in the ocean. See omnystudio.com/listener for privacy information.
Natural gas producers are partnering with data companies to reduce emissions amid growing pressure to decarbonize supplies. This episode features interviews with Chris Romer, the co-founder and CEO of Project Canary, and Andrew Baxter, the Environmental Defense Fund's director of energy strategy. The team also spoke with Andrew Logan, senior director for oil and gas at nonprofit investor network Ceres. Energy Evolution co-hosts Dan Testa, Allison Good and Taylor Kuykendall are veteran journalists with broad expertise covering the utility, oil and gas and mining sectors. Subscribe to Energy Evolution on your favorite platform to catch our latest episodes!
Natural gas producers are partnering with data companies to reduce emissions amid growing pressure to decarbonize supplies. This episode features interviews with Chris Romer, the co-founder and CEO of Project Canary, and Andrew Baxter, the Environmental Defense Fund's director of energy strategy. The team also spoke with Andrew Logan, senior director for oil and gas at nonprofit investor network Ceres. Energy Evolution co-hosts Dan Testa, Allison Good and Taylor Kuykendall are veteran journalists with broad expertise covering the utility, oil and gas and mining sectors. Subscribe to Energy Evolution on your favorite platform to catch our latest episodes!
Nimisha Vedanti highlights her Honorary Lecture on understanding seismic wave attenuation mechanisms. Nimisha explains how she discovered the problem of seismic attenuation, why seismic attenuation is one of the least understood physical mechanisms, practical takeaways from her lecture, and highlights from two real-world case studies. Visit https://seg.org/podcast for the complete show notes. BIOGRAPHY Nimisha Vedanti received M.Sc. (Tech) in Exploration Geophysics from Banaras Hindu University, Varanasi, India, and Ph.D. (2007) from Osmania University, Hyderabad, India, while working as a Junior Scientist at CSIR-National Geophysical Research Institute, Hyderabad, India. She held a postdoctoral position at the University of Texas at Austin, USA (2007-2008), and worked as CSIR-Raman Research Fellow at the Department of Geoscience, University of Calgary, Canada in 2016. She has been a visiting scientist at the Norwegian University of Science and Technology (NTNU) and SINTEF Petroleum Research, Trondheim, Norway, under Indo-Norwegian Collaboration Programs (2005-2006 and 2010-2013). She had short research stay at the King Abdullah University of Science and Technology, Saudi Arabia in April 2018. Nimisha was the Indian project coordinator for the Indo-Norwegian collaborative projects that focused on the ‘4D Seismic Monitoring of In-situ Combustion Process in Balol Heavy Oil Field, India' and ‘Feasibility Assessment of a CO2 EOR process in Ankleshwar Oil Field, India'. She led these projects in collaborations with NTNU, SINTEF, and the Oil and Natural Gas Corporation of India under a tripartite agreement signed under the aegis of Norwegian Embassy in India. Presently, Nimisha is senior principal scientist and in charge of Shallow Seismic Group at CSIR-National Geophysical Research Institute, Hyderabad, India. Her group is carrying out 2D/3D seismic surveys for the exploration of Coal Bed Methane and Shale Gas in the Gondwana coal fields of India. She is also leading two research projects focused on the assessment of sedimentary basins of India for CO2 EOR and sequestration. These projects are supported by the Department of Science & Technology, Govt. of India, and the Natural Environment Research Council, UK. She is also serving the Academy of Scientific and Innovative Research, India as a Professor. She has published more than 60 articles and co-authored a handbook titled Fractal Models in Exploration Geophysics published by Elsevier Science under the ‘Seismic Exploration Series.' Nimisha is a recipient of many prestigious awards, including the ‘National Geoscience Award' given by the Ministry of Mines, Govt. of India, ‘Young Scientist Award' given by the Council of Scientific and Industrial Research(CSIR)-Ministry of Science and Technology, Govt. of India, ‘Krishnan Medal' by the Indian Geophysical Union, ‘KR Gupta Medal' by the Geological Society of India and Indian Science Congress Association's Young Scientist Award. She is the lead coordinator for the theme ‘Geological Sequestration of CO2 and Enhanced Oil Recovery' during the forthcoming 36th International Geological Congress (IGC) 2021. SPONSOR This episode is sponsored by TGS. TGS offers a wide range of energy data and insights to meet the industry where it's at and where it's headed. TGS provides scientific data and intelligence to companies active in the energy sector. In addition to a global, extensive and diverse energy data library, TGS offers specialized services such as advanced processing and analytics alongside cloud-based data applications and solutions. Visit https://www.tgs.com/ to learn more. CREDITS Original music by Zach Bridges. This episode was hosted, edited, and produced by Andrew Geary at 51 features, LLC. Thank you to the SEG podcast team: Ted Bakamjian, Kathy Gamble, Ally McGinnis, and Mick Swiney.
The new wave of energy production is coming. Aside from conventional reserves, how far have Indonesia developed in unconventional resources? And what should be prepared to tackle all the challenges? Find it out on this episode, which will cover what's needed to know in order to optimize the years buried potential, mainly on shell gas in Indonesia.
Current Affairs programme which provides listeners with the latest local and International news hosted by Elvis Preslin. Tune in 104-107 every Saturday and Sunday morning from 6 to 7 am
Visit the Marcellus Shale Coalition's WebsiteConnect with David on LinkedInConnect with Derek Krieg on LinkedInFollow Oilfield Basics on LinkedInVisit Oilfield Basic's WebsiteEmail Derek @ Oilfield Basics
Rose and Albert discuss shale gas, air quality, and the future of energy with Allen Robinson.
What does the shale gas boom look like when you look at environmental and economic impacts together? Erin Mayfield joins us to discuss how to reconcile these different impacts. Visit https://www.facebook.com/sharedairpodcast
What role do ENGOs, or Environmental Non-Governmental Organizations, play in the Canadian ecopolitical sphere? In this episode, we ask this question of Catherine Abreu, Executive Director of Climate Action Network Canada, and Colleen Thorpe, Executive Director of Équiterre. Together they walk us through the roles that their respective organizations play in fighting for climate policy and shifting the cultural norms of Canadian citizens toward a greener and more just society.
This week’s guest is Daniel Yergin, the Pulitzer Prize winning author and authority on everything energy. We discuss Dan’s new book “The New Map: Energy, Climate, and the Clash of Nations.” Here are some of the questions that Peter and Jackie asked him: How has the US shale revolution changed the global energy order? Is (more...)
This week’s guest is Daniel Yergin, the Pulitzer Prize-winning author, and authority on everything energy. We discuss Dan’s new book “The New Map: Energy, Climate, and the Clash of Nations.” Here are some of the questions that Peter and Jackie asked him: How has the US shale revolution changed the global energy order? Is the […] The post Daniel Yergin on “The New Map: Energy, Climate, and the Clash of Nations” first appeared on ARC Energy Research Institute.
North American natural gas producers have had a tough few years and COVID-19 related demand destruction has only made things worse. But could the situation turn around this winter? On this week’s episode we discuss the current state of North American gas markets, including the significant share of continental gas that is a by-product of oil wells. With US oil production set to decline, natural gas supply will also shrink. To fill the void, growth from major gas (more...)
The American Petroleum Institute, ExxonMobil and Chevron have been amongst the biggest opponents to bailouts for shale gas companies as part of the coronavirus relief package. DeSmog's Justin Mikulka joins us to explain why. Support our work: https://www.patreon.com/Drilled Follow Justin's reporting: https://www.desmogblog.com/2020/03/27/shale-bailout-trump-oil-exxon-strategic-petroleum-reserve Learn more about your ad choices. Visit megaphone.fm/adchoices
HMM Correspondent Spencer hears from public health expert Dr. David Carpenter about research and perspectives presented at the conference he hosted on "NYS Shale Gas Exposures, Public Health & Policy." The conference, arranged by the Southwest Pennsylvania Environmental Health Project, featured "new findings on episodic exposures."
On this weeks episode we go back in time to 1959, when the Methane Pioneer carried the first cargo of liquefied natural gas (LNG) between the United States and the United Kingdom. Now, LNG has become the fastest growing energy system in the world. Natural gas is expected to grow 40% or more over the […] The post LNG: Then, Now and Future first appeared on ARC Energy Research Institute.
Energy Vista: A Podcast on Energy Issues, Professional and Personal Trajectories
Leslie Palti-Guzman exchanges with Melanie Kenderline, principal of Energy Futures Initiative, dubbed as a low-carbon energy think tank. They discuss Turkey's ambitions to become a hub, but recent geopolitical tensions could slow down progress. Melanie dives into key drivers that make a functioning hub, including infrastructure and market design. This chat is full of anecdotes: working with 4 different energy secretaries, including former Energy Secretary Ernest Moniz, commuting on a weekly basis from New Mexico to Washington DC, working in two transition teams, having a supportive life partner. Melanie explains also her role as the C3E Symposium series ambassador, a joint MIT-DOE program to support the careers of women in clean energy with cash prizes.
On today’s show we’re talking about a couple of widely publicized articles on the state of the oil and gas industry. Oil and Gas are major drivers of the economy, and as such, the cascade into real estate is inescapable. The first was a presentation by Steve Schlotterbeck, who led drilling company EQT as it expanded to become the nation’s largest producer of natural gas in 2017, arrived at a petrochemical industry conference in Pittsburgh Friday morning with a blunt message about shale gas drilling and fracking. “The shale gas revolution has frankly been an unmitigated disaster for any buy-and-hold investor in the shale gas industry with very few limited exceptions,” according to Schlotterbeck, who left the helm of EQT last year. Schlotterbeck is not the first industry insider to ring alarm bells about the shale industry’s record of producing vast amounts of gas while burning through far more cash than it has earned by selling that gas. And drillers’ own numbers speak for themselves. Reported spending outweighed income for a group of 29 large public shale gas companies by $6.7 billion in 2018, bringing the group’s 2010 to 2018 cash flow to a total of negative $181 billion over the past decade. Schlotterbeck is right in saying that the price of gas has to rise in order for the industry to survive. The main issue is that natural gas needs a way to get to market. If not, then there will be local excess of supply and prices will fall. That’s exactly what has happened. The payback on the investment is often happening far past the initial gusher of oil or gas. Shale wells have a steep production decline curve where production flows fall by 85% in the first year. A well might produce for 20-25 years, but the volumes will be low. About 50% of the well’s lifetime yield is given up in the first 18 months. Since Wall Street always expects revenue growth, companies need to expand drilling operations in order to show revenue growth. But if a well doesn’t achieve break-even in the first 18 months, the only solution is to invest ahead of production. That results ultimately in negative cash flow. The local glut of gas has caused prices to fall which has killed the financial model. Only when global distribution is in place, prices for US production will normalize. Prices vary widely around the globe and it all has to do with distribution. The end buyers of natural gas will pay the cost of the gas, plus the cost of transportation. The sum of those two is the real cost to the end-customer. The major investments in infrastructure in Lake Charles are taking advantage of the pipeline infrastructure that is already in place. Tellurian is also adding another 120 miles of pipeline from Texas to Lake Charles. The other plants like the Ethane Crackers are producing the end-product (plastic) without any further transportation. So yes, infrastructure investments like in Lake Charles are key to solving the problems that are referenced in both articles. If your real estate is dependent on the economics of a major industry, it’s vital that you understand that industry. Otherwise you’re taking a major risk that your revenue projections may not come true.
“Opposites O-Frack” (Season 26, Episode 5) The Simpsons swerve back into “Issues” territory, with this episode which tackles fracking. You can probably guess how it goes. Hosted by Patrick Brennan and Craig Mazerolle Research by Craig Mazerolle Produced by Patrick Brennan Logo by Stephen Belyea Featuring audio clips from The Simpsons episode “Opposites O-Frack”. Theme – “Children’s TV 2” by Dorian Kelly
The president of the Marcellus Shale Coalition joins Tim to talk about just how game-changing a somewhat recent innovation in the energy industry could be. While hydraulic fracturing isn’t new, how it was used to tap previously unreachable oil and gas reserves was an innovation that changed the energy future of the nation. https://traffic.libsyn.com/shapingopinion/Shale_Gas_auphonic.mp3 The 1970s and early 1980s were a dire time for many mill towns from around the Great Lakes and into Ohio, Pennsylvania and West Virginia. This region was home to America’s steel and automobile production. These industries were in no small way responsible for America’s rise on the global stage to super power status. But by the 1970s, the region saw a sharp decline in industrial work as many factories were closed and abandoned and left to rust on acres of unused real estate, while the people who used to work there looked for work. Local news reports of increasing home foreclosure rates were on the rise, along with declining populations in once thriving towns and cities. Foreign steelmakers and automakers drove down wages and prices on the world market. The way manufacturing had been done up until then just wasn’t working any more. In 1983, unemployment in the Pittsburgh Metro area hit 15 percent. Nearby communities saw unemployment rise to 27 percent. In the region, the number of those unemployed hit 212,000. This is just one region. One by one, still mills closed and another 2,000-8,000 people were out of work for good. There were pickets and protests, labor strikes, and in the end, silence. The region became known as the Rust Belt. Former working class towns fell into decline. Young generations knew they wouldn’t find work in the mill like their parents, so they left town and local economies fell apart. Pittsburgh was one of the more prominent big cities to feel the impact of the decline of big steel. While the city and the region worked to reinvent itself over decades, shedding its smoky mill-town image for a new economy in technology, biotech and healthcare, the lack of good manufacturing jobs in the region is a problem that never really went away. Meanwhile in Texas The news wasn’t much better for the energy industry in Texas around that time. Energy industry experts saw what they said were irreversible declines in hydrocarbon energy supplies – oil and gas. The country became increasingly dependent on foreign sources of oil and gas, and had to pay high prices set by cartels, which contributed to higher costs for daily items such as groceries and utilities. That’s when an oil man named George Mitchell took on a long-term effort to see if the experts were wrong. Mitchell needed to find new sources of energy. He was already sending large amounts of natural gas from his Texas fields to the City of Chicago. This was his main source of revenue. But as his fields started to dry up, he was worried about his company’s and his future. Through the 1980s and 90s, he drilled all over Texas to see for himself. He used existing technologies to start to fracture shale rock formations in fields where he had already pumped out oil and gas at the shallower depths. He felt he had to find gas somewhere, some way on his fields. Bigger companies – Exxon and Chevron – had already shut down their operations in the same area. Mitchell was undeterred. His team started to experiment with the fluids and mixtures they were using, and started to find that thinner, watery mixtures were more effective at breaking shale rock apart to release the natural gas inside. It took him 17 years, but by 1998, George Mitchell opened up a natural gas well that had a flow so big that industry experts didn’t believe it at first. Three years later George sold his company for $3.5 billion. In the process, George developed a process that tapped natural gas reserves that previously were unreachable.
This week’s podcast is about oil and gas innovation, including the strategic implications resulting from the development of low cost North American shale gas and tight oil and the future potential for digital technology to further reduce industry costs. This podcast references the past ARC Energy Research Institute commentary: Deflating the Energy Scarcity Mindset. Please […] The post Oil and Gas Innovation: Past, Present and Future first appeared on ARC Energy Research Institute.
North America's production of domestic energy from its shale gas sources has been controversial. The release of contaminants into water and air are regulated, but more action seems needed against issues related to shale gas production.Is enough being done to address risks accompanying shale gas extraction activities for the protection of the public and the environment?Part of the 'American Perspectives' Fulbright seriesThe transcript and downloadable versions of the lecture are available from the Gresham College website: http://www.gresham.ac.uk/lectures-and-events/the-regulation-of-shale-gas-extractionGresham College has been giving free public lectures since 1597. This tradition continues today with all of our five or so public lectures a week being made available for free download from our website. There are currently over 1,700 lectures free to access or download from the website.Website: http://www.gresham.ac.ukTwitter: http://twitter.com/GreshamCollegeFacebook: https://www.facebook.com/greshamcollege
1-l'America va, il pil cresce al passo del 3,2%. La Fed riduce gli stimoli all'economia...Quali effetti sui paesi emergenti ? Intervista a Andrea Di Stefano..2-Danimarca: mani della Goldmann Sachs sull'energia. Ma è crisi di governo dopo la rivolta popolare. ..3-La febbre dello Shale Gas: il futuro sa ancora di fossile. (Alfredo Somoza dialoghi.info) ..4-Datagate,forte mobilitazione in Brasile per Edward Snowden: raccolte oltre un milione di firme per l'asilo politico.( Sara Milanese) ..5-L'orrenda settimana di Scarlett Johannson : bandita dal superbowl e dall'ong oxfam. ( Dario Falcini) ..6-Le recensioni di Vincenzo Mantovani: L'eredità di Auschwitz, ..di Georges Bensoussan,..Esteri torna il 3 febbraio !!!
Fracking for gas is highly controversial in the US and the UK as it has been accused of contaminating water courses and causing earthquakes. Yet it provides a cheap source of energy. Beneath England there are thought to be considerable amounts of shale gas and the UK government is considering whether to allow fracking in these areas. Already there is opposition from residents, concerned about pollution and earth tremors. Gaia Vince talks to scientists to find out what fracking involves and what impact it has on the environment, and she discovers what other countries can learn from the pioneers of the technology, the United States.(Image: Views of the Cuadrilla Fracking Site at Balcombe. Credit: WPA Pool, Getty)
Industry expert, Kathy Martin discusses the process of hydraulic fracturing.
Shale gas, extracted through a process known as "hydraulic fracturing" has had dramatic effects on the United States' energy market - contributing to both increased supply and reduction in the cost of gas. In Poland its discovery caused so much excitement that the first exploratory drilling was carried live on television. Britain has shale gas reserves too and the Department of Energy and Climate Change is about to open the next round of bidding for licences to test drill in certain parts of the country. The industry is in its infancy in Britain but in "The Report" Simon Cox analyses the areas where shale gas might occur - potentially in large tracts of northern and southern England as well as parts of Scotland and Wales. Might the UK eventually see large multi-national companies coming to this country to invest? How accurate are the claims that are made for how much gas might be produced? And what does the prospect of cheap, plentiful gas mean for the government's commitment to renewable energy?
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