•  
  •  
  •  
  •  
  •  
  • Untitled Document
    Untitled Document

    Germany to set new rules for fracking

    Germany plans to draw up new rules for the controversial method of fracking for gas, which will impose tight restrictions on the technique that has led to a shale gas boom in the US, says Reuters.

    The country’s guidelines will include environmental audits and a ban on drilling in areas where water is protected. Germany's ruling parties had promised in their coalition agreement last year to set a legal framework for fracking.

    Many Germans oppose fracking due to environmental worries, especially fears about possible contamination of drinking water. Although the technology was used in Germany for decades for deep-lying, or "tight" gas, there has been an effective moratorium on the granting of new permits for the past two years, pending the new rules.

    Reuters reports that Economy and Energy Minister Sigmar Gabriel outlined his plans to draft the guidelines in a letter dated May 23 to the head of the parliamentary budget committee, and that the goal is to have a version of the guidelines ready for the cabinet to approve before its summer recess.

    In the coalition deal agreed between Chancellor Angela Merkel's conservatives and Gabriel's Social Democrats (SPD), the section on fracking mentions a "significant potential for risk" and rejects the use of chemicals.

    Reuters said that, last month, the state of Lower Saxony, which holds 95% of Germany's gas reserves, tried to speed up an end to the ban on fracking for tight gas by saying it would take a draft law to the Bundesrat upper house.

    Most Popular

    Related Articles

    BlackRock, First Reserve to acquire equity stakes in Pemex pipeline projects

    03/27/2015 BlackRock and First Reserve have entered into a definitive agreement with PMI, a wholly owned subsidiary of Petróleos Mexicanos (Pemex), to acquire approximately 45% equity interest in two natural ...

    EnLink Midstream names Deck as SVP, Permian Basin

    03/27/2015

    Andrew A. Deck has been named senior vice president of the Permian Basin for EnLink Midstream LLC and EnLink Midstream Partners LP.

    Wood Mackenzie discusses impact of changing US crude export policy

    03/25/2015 As the debate over relaxing the US crude oil export ban continues, Wood Mackenzie is examining the impact that a potential policy shift may have on US export crude oil flows and differentials. Ulti...

    Wood Mackenzie: US Lower 48 oil economics still robust

    03/24/2015 Wood Mackenzie's breakeven analysis of more than 800 individual assets in the US Lower 48 reveals dramatic variations in the viability of company asset bases and sub-plays. While the majority of pr...

    HEP expands into Marcellus with pipeline acquisition

    03/20/2015 Howard Midstream Energy Partners LLC, dba Howard Energy Partners (HEP), has executed a definitive purchase and sale agreement with Southwestern Energy Co. to purchase the company’s northeast Pennsy...

    Williams seeks FERC approval for pipeline expansion

    03/20/2015 Williams said March 19 that Transco has filed an application with the US Federal Energy Regulatory Commission for its Dalton Expansion Project, which would support providing Marcellus shale gas to ...

    More Oil & Gas Financial Articles

    BlackRock, First Reserve to acquire equity stakes in Pemex pipeline projects

    Fri, Mar 27, 2015

    BlackRock and First Reserve have entered into a definitive agreement with PMI, a wholly owned subsidiary of Petróleos Mexicanos (Pemex), to acquire approximately 45% equity interest in two natural gas pipelines, Los Ramones Phase II North and Los Ramones Phase II South.

    EnLink Midstream names Deck as SVP, Permian Basin

    Fri, Mar 27, 2015

    Andrew A. Deck has been named senior vice president of the Permian Basin for EnLink Midstream LLC and EnLink Midstream Partners LP.

    Wood Mackenzie discusses impact of changing US crude export policy

    Wed, Mar 25, 2015

    As the debate over relaxing the US crude oil export ban continues, Wood Mackenzie is examining the impact that a potential policy shift may have on US export crude oil flows and differentials. Ultimately, while eliminating the US export ban would narrow the Brent – West Texas Intermediate differential and raise the wellhead price for US crudes, it would unlikely transform the supply outlook.

    Wood Mackenzie: US Lower 48 oil economics still robust

    Tue, Mar 24, 2015

    Wood Mackenzie's breakeven analysis of more than 800 individual assets in the US Lower 48 reveals dramatic variations in the viability of company asset bases and sub-plays. While the majority of production is not at risk in the long term, cash flow and funding limitations could impact activity.

     

    HEP expands into Marcellus with pipeline acquisition

    Fri, Mar 20, 2015

    Howard Midstream Energy Partners LLC, dba Howard Energy Partners (HEP), has executed a definitive purchase and sale agreement with Southwestern Energy Co. to purchase the company’s northeast Pennsylvania natural gas gathering assets in Bradford and Lycoming counties in Pennsylvania for $500 million. The gathering systems serve the Marcellus shale region.

     

     

    OGFJ photo of the day


    Click to view slideshow

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ