Shale Tag

BNP Paribas, France’s largest listed bank, has announced that it will no longer do business with companies working in shale oil or gas and it transitions to supporting renewable energy projects. The bank will stop working with and financing any companies or projects whose principal business...

New research by the Boston Consulting Group (BCG) suggests that peak oil demand could be reached between the years 2025 and 2030. The US-based global consultancy agency analysed three disruptive scenarios in its study, including the widespread adoption of electric vehicles (EVs), a combination of slower...

Africa-focused oil explorer and producer Tullow Oil (LSE:TLW) has booked a US$600 million impairment charge on its property and equipment assets, due to a continued slump in prices for crude. The pre-tax, non-cash impairment charge was announced in its mid-year trading update, although the report forecasted...

ExxonMobil (NYSE:XOM) and SABIC (Saudi Basic Industries Corporation) have signed an agreement which will see planning commence for a petrochemicals project in Texas. Both companies selected a site in San Patricio County last month, for the proposed petrochemical complex, that will process 1.8 million tonnes of...

Cuadrilla has received approval from the British Government  to frack its exploration wells in Lancashire. Secretary of State for Department for Communities and Local Governemnt Sajid Javid granted planning consent for Cuadrilla to drill, hydraucially fracture and test the flow of gas from up to four...

The first shipment of US shale gas is arriving at Ineos’ refinery and petrochemicals plant in Scotland. The tanker carrying 27,500m3 of ethane from US shale fields arrived is due to dock at Grangemouth today. Ineos’ shipment will be the first of a continuous supply of shale...