China has halved its 2020 goal for shale gas production. The country faces challenges ranging from difficult geology to shortage of technology in the area meant to quench its ever-growing energy needs.
Those who live in close proximity to fracking sites exhibited a greater likelihood to suffer skin and respiratory problems than those who lived farther away from natural gas wells, according to a new study of Pennsylvania’s Marcellus shale region.
Rosneft may sell its gas stations in Central Russia to Trafigura, one of the world’s biggest commodity traders. Russia’s anti-monopoly watchdog is pressing Rosneft to scale down its regional dominance created by the acquisition of TNK-BP.
Ukraine’s state-controlled gas transit company says Poland cut off reverse flows to Ukraine, alleging that a quarter of Russian gas imports to Poland went missing. Gazprom said it continues to supply the same amount of gas as previously.
EU Trade Commissioner Karel De Gucht wants to see oil and natural gas exports from the US to Europe included in the forthcoming transatlantic trade deal which will create the world’s largest free trade zone.
Ukrainian President Petro Poroshenko has signed a law allowing future sanctions against Russia, which could include a ban on the transit of Russian gas, and sanctions against Russian banks, according to the website of the upper parliament.
Russia's Gazprom Bank and oil producer Gazprom Neft will fall under new sanctions approved by the European Union on Friday, Reuters cited an EU diplomat as saying. The sanctions reportedly include a new ban on raising capital in the 28-nation bloc.