Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search
Conal Urquhart
11 December 2013
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Michael Fallon is optimistic about the UK shale industry

Michael Fallon is bullish about the prospects for Britain's shale-gas sector. And, as he tells Conal Urquhart, while there's a lot of work to be done, the rewards will make the effort worthwhile

He has has been credited with the successful and controversial privatisation of the Royal Mail, the British postal service. But now Michael Fallon's job is to help establish Britain's fledgling shale-gas industry in the face of opposition from committed environmental activists and a public which is more aware of the challenges of drilling for shale gas than the benefits. The member of parliament has a wide-ranging role as a minister in both the Department of Energy and Climate Change and the Department of Business, and is now working with the handful of companies which have licences to drill for shale gas. Fallon said he expects that, over the next two years, about 20 to 30 exploration wells

Also in this section
The spectre of a European gas price cap returns
13 March 2026
Brussels is again weighing a cap on gas prices amid the Hormuz crisis, but the measure could backfire by deterring the LNG cargoes Europe urgently needs
Letter from London: The oil market should panic tomorrow
12 March 2026
Emergency oil stocks provide a last line of defence to oil market shocks, so the IEA’s unprecedented 400m bl release represents something of a double-edged sword
LPG in Africa: Big potential but big barriers
Opinion
12 March 2026
LPG could rapidly expand access to clean cooking across Africa and prevent hundreds of thousands of deaths from indoor air pollution each year, but infrastructure shortages and regulatory barriers are slowing investment and market growth
Letter from Dubai: A safe haven under fire
Opinion
11 March 2026
Missiles over Dubai and disruption in Hormuz are testing the emirate’s reputation—and shaking the energy hub at the centre of the Gulf economy

Share PDF with colleagues

COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search