Tag: Shale Gas
US chemical industry investment linked to shale gas tops $164 Billion
“Our country has become the most attractive place in the world to make chemicals, and a historic wave of expansion and investment is underway.” The American Chemistry Council (ACC) says that US chemical industry investment linked to plentiful and affordable natural gas and natural gas liquids (NGLs) from shale formations has reached $164 billion. Forty per […]
Global shale gas market expected to reach $214 billion by 2022 – study
Asia-Pacific power generation accounted for highest shale gas consumption (37% in 2015), expected to grow at CAGR of 45.5% The North American shale gas market is expected to maintain its foothold in the market throughout the analysis period registering a compound annual growth rate (CAGR) of 12.6 per cent, in terms of revenue, according to a report […]
US shale natural gas drives ‘significant uptick’ in chemical exports
Higher chemical trade activity will benefit key ports, terminals and logistics providers on Texas, Louisiana Gulf Coast Despite low crude oil prices, new US shale gas-derived chemical expansions continue to move forward, and more than 100 million metric tons (MMT) of new capacity will be added in the U.S. chemical industry by 2025, according to a new […]
UK fracking backed below national parks, heritage sites and other beauty spots by parliament
UK fracking is safe if right standards are in place: Gov’t LONDON _ The British Parliament has approved proposals that would allow fracking for shale gas below national parks, world heritage sites and other designated areas of natural beauty. The measure, which is opposed by environmental groups, was endorsed Wednesday by 298 votes to 261 and […]
Canadian shale gas producers slash 2016 spending but plan increased production
Canadian shale producers report big capital efficiency improvement CALGARY _ Shale gas producers in Western Canada are responding to plunging natural gas prices by slashing their 2016 budgets. NuVista Energy Ltd. has cut its budget in half, while Encana Corp. and Painted Pony Petroleum Ltd. have cut their budgets by 25 per cent as natural gas […]
United States, a global powerhouse in shale oil
US ranked 2nd globally after Russia for shale oil resources, 4th after China, Argentina and Algeria for shale natural gas Over the past decade, the combination of horizontal drilling and hydraulic fracturing has provided access to large volumes of oil and natural gas that were previously uneconomic to produce from low permeability geological formations composed of shale, sandstone, […]
American plastics industry: Big growth thanks to shale gas
American plastics industry ‘re-shoring’ jobs to the United States The American plastics industry is experiencing a renaissance and expecting significant growth over the next decade, all due to abundant supplies of natural gas from shale production. According to the American Chemistry Council, plentiful and affordable natural gas and natural gas liquids from shale formations will help boost U.S. […]
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