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OIL AND GAS
New York state bans fracking
by Staff Writers
New York (AFP) Dec 17, 2014


Governor Andrew Cuomo said Wednesday he would ban hydraulic fracking in New York State, citing health concerns about the controversial oil and gas drilling technique.

The announcement extends a de facto New York ban on the practice, which offers the potential to unlock vast quantities of natural gas but which has come under intense scrutiny from environmentalists.

The energy industry complains that New York has lost jobs and investment by not following neighboring states by drilling into Marcellus, a huge shale rock formation in the eastern US.

But Cuomo's announcement was welcomed by environmental groups.

"Mounting scientific evidence points to serious health risks from fracking operations," said Kate Sinding, deputy director of the New York program at the Natural Resources Defense Council.

"With this announcement, the governor has listened, ... demonstrating both courage and national leadership on this critical issue," she added.

Some US states and other countries have moved to ban certain types of fracking, although the industry contends the techniques have been in use for decades and are safe.

Hydraulic fracturing or "fracking" allows high-pressure injections of water, sand and chemicals to blast through rock to release oil and gas trapped inside, which has boosted US oil production.


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OIL AND GAS
Encana: U.S. shale tops agenda despite low oil prices
Calgary, Alberta (UPI) Dec 16, 2014
Capital efforts in U.S. shale basins for 2015 are tailored to account for a "volatile price environment," Canadian energy company Encana said Tuesday. Encana said it was directing about 80 percent of its capital expenses, or around $2.2 billion, toward the Montney, Duveray, Eagle Ford and Permian shale reserve areas in the United States. Dough Suttles, the company's president and ... read more


OIL AND GAS
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OIL AND GAS



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