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.
After a two-year referendum campaign, Scots are finally voting Thursday on whether their country will regain its independence after more than 300 years of “marriage” with England.
The world’s last remaining forest wilderness is rapidly being lost – and much of this is taking place in Canada, not in Brazil or Indonesia where deforestation has so far made the headlines.
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.
In April 2004, Argentina began to steadily cut natural gas exports to neighbouring Chile, triggering a major energy crisis and revealing structural problems in this vital sector.
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.
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.
Since Jun. 3, inhabitants of the village Zurawlow in Grabowiec district in southeastern Poland have been occupying a field in their locality where the U.S. company Chevron plans to drill for shale gas. The farmers’ resistance is just the latest blow to shale gas proponents in the country.
Mexico plans to expand shale gas exploration this year, but it could run into a shortage of water, which is essential to hydraulic fracturing or fracking, the method used to capture natural gas from shale rocks.
Shale gas extraction is putting some U.S. communities at risk of health issues, new research released here Thursday warns.
The recovery of state control over the oil company YPF was a strategic move for Argentina, which is highly dependent on fossil fuels. But the country needs to incorporate cleaner sources of energy, and this will take time, says energy expert Mariana Matranga in this interview.