News


Karoo shale gas ‘way below estimates’
Stefan Cramer October 04th, 2015

Melanie Gosling (Independent Online) reports: The amount of shale gas that is commercially viable in the Karoo is way below the current estimate and nowhere near the oft-quoted fifth biggest reserve in the world. This has emerged from the early part of the government-appointed strategic environmental assessment (SEA) study looking into issues around shale gas fracking ...


Russia’s richest oligarch backs Irish fracking firm Falcon Oil in gamble
Stefan Cramer June 28th, 2015

Viktor Vekselberg’s Renova is one of the biggest shareholders in ESM-listed Falcon, which will soon start drilling in Australia. Russia’s richest man has emerged as a major backer of Dublin-based fracking company Falcon Oil & Gas. Viktor Vekselberg, who has a $14.7bn fortune, owns 12.24 % of the company through Soliter Holdings, part of his ...


How A Tiny Iowa Town Is Embracing Energy Independence
Stefan Cramer June 19th, 2015

Bloomfield, in southeast Iowa, has a population of just 2,640. “We are a small, rural town that has kind of stagnated over the years,” says Chris Ball, director of Bloomfield Main Street, a public-private partnership for civic improvement. How does a single streetscape project turn into a community-wide energy independence effort? Today, they are well ...


EPA says new study doesn’t show fracking is safe
Stefan Cramer June 10th, 2015

By Ken Ward Jr., Staff writer for The Charleston Gazette Despite statements from industry officials and political leaders, U.S. Environmental Protection Agency officials say that their new study of the nation’s natural gas boom should not be described as proof that the nation’s water supplies are safe from hydraulic fracturing. “That is not the message of this ...


Conoco the last global oil firm to quit Polish shale gas
Stefan Cramer June 08th, 2015

(Reuters) – ConocoPhillips, the U.S. energy company, said on Friday it has stopped its shale gas exploration in Poland due to unsatisfactory results, leaving the rest of the field to Polish state-run firms. Earlier this year another U.S. energy major Chevron Corp gave up looking for shale gas in Poland, following the withdrawal of Exxon Mobil, ...