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Poland Shale Boom Falters As Government Targets Higher Taxes
Read morePoland’s shale gas boom is threatened even before it gets started after some wells failed and the government sought to increase taxes on profits. Of 39 wells planned for 2013, just two were drilled by May, Environment Ministry data show. The government plans to require that explorers take a state-run company as a production partner. [...]
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More Natural Gas Detected Off Israel
Read moreSurveys have indicated there is more natural gas than estimated off the coast of Israel near the giant Leviathan field, a US-Israel group says. Noble Energy and its drilling partners from Israel, Avner Oil Exploration and Delek Drilling, said there are “significant signs” of natural gas at its Karish-1 license area in the eastern waters of the Mediterranean Sea. [...]
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Turbine Law ‘Would Rule Out Wind Farms’ In Ireland
Read moreIntroducing a mandatory minimum distance between houses and wind farms would mean “the entire country will be ruled out for wind development”, it was suggested at a government meeting last year. After the conference involving the Department of the Environment, Community and Local Government, the Department of Communications, Energy and Natural Resources and An Bord [...]
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U.S. Clears Shale Gas Export To India
Read moreOpening up the prospects of export of shale gas to energy-starved India, the U.S. has granted conditional authorisation to export domestically-produced liquefied natural gas (LNG) to countries that do not have a free trade agreement (FTA) with it. The Excelsior arrives at the Freeport LNG terminal in Houston. In a decision, which has major implications [...]
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Obama Administration Approves Export Of Shale Gas Revolution
Read moreIn a key development that will help the U.S. export its vast energy resources, the Department of Energy on Friday approved an application for a liquefied natural gas (LNG) export facility in Texas. The decision is part of a closely watched process in which the Obama administration must determine if such exports are in the economic interest of the [...]
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Energy Costs Move Up Europe’s Agenda
Read moreEuropean companies face among the highest energy prices in the world. Worse still, energy prices in Europe have increased 27% between 2005 and early 2012, more than in most other industrialized economies. Business leaders from across Europe met here Thursday to discuss—among other things—a proposal from the European Commission to “reindustrialize Europe.” The idea is [...]
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US Energy Boom And Industrial Growth
Read moreThe booming energy industry is driving job growth in metal fabrication, machinery and chemicals. Conventional wisdom for a generation has been that manufacturing in America is dying. Yet over the past five years, the country has experienced something of an industrial renaissance. We may be far from replacing the 3 million industrial jobs lost in [...]
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Shale Oil & Gas Boom Causes Shock Waves
Read moreThe shale oil and gas boom has become the gold rush of the 21st century Booming oil production in North America driven by the shale energy revolution has created a global “supply shock” that is reshaping the industry, the International Energy Agency says. “North America has set off a supply shock that is sending ripples [...]