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OIL AND GAS
British shale pioneer courts local labor pool
by Daniel J. Graeber
Lancashire, England (UPI) Dec 8, 2014


disclaimer: image is for illustration purposes only

The labor pool in Lancashire is ready to usher in the new era of British shale natural gas, the top executive at shale pioneer Cuadrilla Resources said.

Cuadrilla Resources Chief Executive Officer Francis Egan spoke of the benefits of the fledgling shale natural gas industry in the country. While gas reserves may be vast, exploiting them presents what he said may be a significant engineering and social challenge.

"Having seen the talent that is being nurtured in Lancashire's schools, I am confident that our young engineers will rise confidently to address those challenges," he said.

The British Geological Survey in 2013 estimated shale basins in the country may hold more than 1.3 quadrillion cubic feet of natural gas, a level the government said could help an economy with natural gas imports on pace to increase from 45 percent of demand in 2011 to 76 percent by 2030.

Opposition has grown around the emerging shale industry, with protests against Cuadrilla in the southern British of Balcombe turning unruly.

Cuadrilla in June deposited 21 chapters of environmental studies with the Lancashire County Council associated with plans for up to four shale gas exploration wells. The council last month said it needed more time to consider the drilling plans.


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OIL AND GAS
IHS: Islamic State financing war campaign with oil
Washington (UPI) Oct 21, 2014
Oil is fueling the war chest for the group calling itself the Islamic State by more than $2 million per day, a study from consultant group IHS said. A report from IHS Energy found IS, known also as the Islamic State in the Levant, is able to finance itself through a black market for oil. "Oil fuels ISIL's war machine, notably including the military vehicles vital to its movements ... read more


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