Despite the precipitous fall in global oil prices, Argentina has continued to follow its strategy of producing unconventional shale oil, although in the short term there could be problems attracting the foreign investment needed to exploit the Vaca Muerta shale deposit.
Multinational oil and gas companies are engaged in a quiet but broad attempt to prepare the groundwork for a significant global expansion of shale gas development, according to a study released Monday.
Shale fever and the political chess among major oil producers and consumers have put OPEC in one of the most difficult junctures in its 54 years of history.
In Argentina they call it “yeil”, the hispanicised version of “shale”. But while these unconventional gas and oil reserves are seen by many as offering a means to development and a route towards energy self-sufficiency, others believe the term should fall into disuse because the global trend is towards clean, renewable sources of energy.
Pomerania in northern Poland is famous for its unpolluted environment, fertile soils and historic heritage. So far, these valuable farmlands have been free from heavy industry but that situation might change as a shadow looms over the lives of Pomeranians.
Unconventional oil and gas reserves in Vaca Muerta in southwest Argentina hold out the promise of energy self-sufficiency and development for the country. But the fracking technique used to extract this treasure from underground rocks could be used at a huge cost.
Production here has skyrocketed so fast that for now the installations of the YPF oil company at the Loma Campana deposit in southwest Argentina are a jumble of interconnected shipping containers.
The new legal framework for Mexico’s oil industry has not placed controls on the use of harmful chemicals in the extraction of unconventional fossil fuels, and environmentalists and experts fear their consumption will increase in an industry that is opening up to private capital.
Scientists warn that large-scale fracking for shale gas planned by Mexico’s oil company Pemex will cause a surge in seismic activity in northern Mexico, an area already prone to quakes.
A controversial new certification process that could cover a significant portion of the U.S. oil-and-gas “fracking” industry began accepting applications on Tuesday, indicating the formal start of an initiative that has the backing of some key industry players and some environmentalists – but by no means all of either.
The Terra 123 oil and gas well in the southeastern Mexican state of Tabasco was in flames since late October, just 1.5 km from a community of 1,500 Oxiacaque indigenous villagers, who were never evacuated.
Authorities in Romania have been attempting to bulldoze through public opposition to push through controversial extractive projects such as gold mining at Rosia Montana and shale gas drilling at Pungesti.
To the casual passer-by, Petrus Kabaliso and his wife Cynthia present a disarmingly rustic sight, seated as they are under the shade of a date palm at a truck stop in the scorching Karoo desert, in South Africa's Northern Cape province, a battered umbrella held jauntily over their heads.
Non-governmental organisations are putting pressure on multilateral financial institutions not to finance production of shale gas by hydraulic fracturing or fracking because of the high environmental costs they say are associated with this method.
New signs have emerged in recent days which indicate that extreme measures are being taken in order to suppress evidence of the pernicious effects of the energy extraction method known as hydraulic fracturing, or “fracking".