UK shale sector under attack
Explorers in the UK’s nascent shale-gas sector face the prospect of tighter country-wide regulation, as well as a moratorium on hydraulic fracturing in Scotland, moves which will, at the very least, further delay the industry’s long-awaited take-off
No shale-gas wells have been spudded in the UK since drilling by Cuadrilla Resources in Lancashire, northwest England, triggered small earth tremors in 2011. Since then, industry leaders Cuadrilla, iGas and Ineos have been expanding their acreage positions, carrying out preliminary studies and trying to persuade national and local authorities, and the public, that fracturing is safe and that efforts to exploit the UK’s shale-gas reserves would benefit the country’s long-term energy security. The British Geological Survey has estimated that northwest England’s Bowland shale and surrounding areas could hold a shale-gas resource totalling as much as 1,300 trillion cubic feet. Explorers estimate

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