The British government on July 16 set out draft regulations defining areas protected from shale gas industry, including the proximity of any activity beneath national parks, areas of outstanding beauty and groundwater.
The draft regulations stipulate that hydraulic fracturing, or fracking, can only take place below 1,200 metres in protected areas.
Britain's pro-shale government has faced opposition from local politicians who have rejected two projects that could have become the country's first shale gas-producing wells.
Opposition has come from anti-fossil fuel campaigners and local residents, some citing environmental threats posed by fracking fluids and others a negative impact on house prices.
Recommended Reading
Exxon Shale Exec Details Plans for Pioneer’s Acreage, 4-mile Laterals
2024-05-03 - Exxon Mobil plans to drill longer, more capital efficient wells in the Midland Basin after a major boost from the $60 billion Pioneer Natural Resources acquisition. Data shows that Exxon is a leading operator drilling 4-mile laterals in the Permian’s Delaware Basin.
Infrastructure Company Savage Acquires Houston’s Texon
2024-05-03 - Texon, a midstream service provider, will continue operations under its legacy brand.
1Q24 Dividends Declared in the Week of April 29
2024-05-03 - With earnings season in full swing, upstream and midstream companies are declaring quarterly dividends. Here is a selection of dividends announced in the past week.
Pitts: US, Qatar Face off in LNG ‘Olympics’
2024-05-03 - In the LNG exporting space, the U.S. is squaring off with its fiercest competitor, Qatar, with both countries expected to outpace Australia
Energy Transition in Motion (Week of May 3, 2024)
2024-05-03 - Here is a look at some of this week’s renewable energy news, including a 10.5-gigawatt power purchase agreement between Brookfield and Microsoft.