Shale Gas and Fracking
Chesapeake Energy and its CEO, Aubrey McClendon, have been the public face of the U.S. shale-gas revolution, which is as celebrated for its role in transforming energy geopolitics as it is feared for the potential environmental impacts of its key technology -- hydraulic fracturing, or 'fracking.' Now, allegations of scandal at Chesapeake, the nation's second-largest gas producer, draw new scrutiny to an industry leader.
A cut to Russian gas supplies to Europe due to escalating tensions in Ukraine would threaten the region’s economic recovery and gas-intensive industries including steel and chemicals, according to Fitch Ratings Ltd.
The Netherlands, Europe’s second- largest gas exporter, may become an importer by 2025 as output falls from its Groningen province and progress in unconventional sources stalls, the International Energy Agency said.
Saudi Basic Industries Corp., the world’s largest petrochemicals maker, rose the most in three months after saying it’s seeking to expand into China and the U.S. following a decline in first-quarter profit.
Anadarko Petroleum Corp. and Noble Energy Inc., Colorado’s largest oil producers, are waging a media campaign to promote the benefits of hydraulic fracturing as residents push statewide measures to restrict the drilling technique as a threat to the environment.
Brent crude climbed to a six-week high on the escalating Ukraine crisis. West Texas Intermediate traded near $104 a barrel after a government report showed that U.S. inventories surged last week.
Bloomberg Sustainability News
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