INEOS Welcomes UK Government Plan to Speed up Shale Gas Decision Making

Source: www.gulfoilandgas.com 8/14/2015, Location: Europe

INEOS has welcomed the UK Government’s plan to fast track shale gas planning applications whilst ensuring that local people continue to have a strong say on the development of shale gas exploration in their areas.

This positive early action should help break the log jam that has developed in some areas of the country and give first mover advantage to those communities willing to quickly embrace the shale gas revolution.

INEOS has committed to give 6% of revenues (2% to communities and 4% to land and home owners) to those directly above shale gas wells.

INEOS believes that its knowledge and expertise in running complex petrochemical facilities coupled with its world class sub surface expertise makes it a natural leader in the UK’s shale gas revolution.

INEOS has no doubt that this move will help England in particular, as a first mover in Europe, build a large and successful indigenous shale gas industry creating jobs future export opportunities.


Norway >>  7/13/2021 - Halliburton Company (HAL) announced that it is expanding its digital collaboration with Aker BP, a Norwegian oil and gas exploration and production co...
Norway >>  7/9/2021 - Aker Solutions has secured a substantial contract from Aker BP to provide a subsea production system for the Kobra East & Gekko (KEG) field developme...

Norway >>  7/9/2021 - Subsea 7 S.A. (SUBCY) announced the award of a sizeable contract by Aker BP for the Kobra East Gekko (KEG) field development, located in the Alvheim ...
United Kingdom >>  7/8/2021 - Subsea 7 S.A. announced an agreement to combine its Renewables business unit with OHT ASA (OHT), subject to the customary approvals, conditions and re...

Norway >>  7/2/2021 - Aker Solutions has won a sizable[1] contract from OKEA for modifications on the Draugen platform to enable processing of gas from the Hasselmus discov...
Norway >>  7/2/2021 - Subsea 7 announced the award of a sizeable(1) contract by OKEA to Subsea Integration Alliance(2) for the Hasselmus project, seven kilometres north wes...

Related Categories: Coalbed Methane  General  Heavy Oil  Methane Clathrate  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 

Related Articles: Coalbed Methane  General  Heavy Oil  Methane Clathrate  Oil Sands  Oil Shale  Shale Gas  Tight Gas  Tight Oil 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.