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Spain Mulls Fracking After Offshore Drilling Comes Up Dry
Posted by Christian Science Monitor: Nick Cunningham, on January 22nd, 2015
Christian Science Monitor: A highly controversial oil project that Spain’s national government had pinned its hopes on was just cancelled. Spanish oil giant Repsol has decided to call off drilling near the Canary Islands, a small chain of Spanish-controlled islands off the coast of Morocco. While oil companies across the globe are slashing capital expenditures and scrapping rigs because of low oil prices, Repsol’s divisive campaign to drill off the coast of Canary Islands suffered from a different problem. Despite what was...
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Fracking in China: Just add water
Posted by Christian Science Monitor: Nick Cunningham, on September 4th, 2014
Christian Science Monitor: China holds the largest reserves of shale gas in the world, but much of it may never get developed because of one major obstacle: water scarcity.
A new report from the World Resources Institute (WRI) says China suffers from high water stress, which may prevent it from ever fully developing its vast shale gas resources. China is sitting on 1,115 trillion cubic feet of technically recoverable shale gas resources, according to the U.S. Energy Information Administration, but much of it is located...
Will California frack? Not without water
Posted by Christian Science Monitor: Nick Cunningham, on January 18th, 2014
Christian Science Monitor: Drilling for oil in California dates back to the late 19th Century, allowing it to become the country’s top producer by the beginning of the 20th. One hundred years later, California still ranks third, but its aging fields have been in decline for decades.
Yet the state is sitting atop the largest tight oil formation in the United States. The Bakken in North Dakota and the Eagle Ford in Texas may be leading the resurgence in U.S. oil production, but the reserves sitting in California’s Monterey...