The British government on Thursday ended the suspension of the controversial shale gas extraction method known as fracking in Britain. Energy Secretary Ed Davey announced the lifting of the ban put in place in June last year after fracking contributed to two small earthquakes near Blackpool, Lancashire. British energy firm Cuadrilla Resources halted drilling trials on Lancashire's Fylde coast after saying they were the likely cause of a 2.3-magnitude tremor in April 2011 and a 1.5-magnitude tremor the following month. Davey said that fracking could resume in Britain subject to new controls which aim to reduce the risk of seismic activity. Fracking, or hydraulic fracturing, involves blasting chemicals, water and sand into underground shale rock formations to release trapped natural gas. Opponents say it causes water pollution but energy groups say it provides access to considerable new gas reserves and could drive down prices. Chancellor of the Exchequer George Osborne announced the creation of a new Office for Unconventional Gas and Oil to simplify regulation of the sector and speed up production as part of his Autumn Statement on December 5.
GMT 18:36 2017 Tuesday ,26 December
Scenting a recovery, oil producers ratchet up spendingGMT 20:43 2017 Monday ,25 December
Oil markets will witness balance in 2018: Iraqi Oil MinisterGMT 16:17 2017 Sunday ,24 December
Iraq invites bids for new oil pipelineGMT 14:26 2017 Friday ,22 December
Energy prices bump key US inflation index up in NovemberGMT 17:59 2017 Tuesday ,19 December
Japan trade surplus drops sharply on higher oil importsGMT 17:31 2017 Thursday ,14 December
Energy costs push US consumer inflation higher as Fed meetsGMT 15:30 2017 Wednesday ,29 November
Shell resumes all-cash dividend as oil price recoversGMT 13:22 2017 Sunday ,26 November
Chinese demand teaser to weigh on Vienna oil summit
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor