Space Industry and Business News  
OIL AND GAS
Shale gas no panacea, U.N. report finds
by Daniel J. Graeber
Washington DC (UPI) May 25, 2018

Shale natural gas serves as a bridge to a low-carbon economy, but it's still a fossil fuel that could contribute to climate risks, a U.N. report round.

The U.S. Energy Information Administration estimates the world total of technically recoverable shale gas reserves is enough to meet 60 year's worth of total global consumption. About half of that total is in five countries, with the United States in the leadership position.

U.S. President Donald Trump has put energy dominance at the top of a national security strategy. The United States became a net gas exporter last year. The super-cooled form of liquid gas, meanwhile, has the ability to increase U.S. leverage overseas by reaching markets typically fed by Russia.

The U.N. Conference on Trade and Development said natural gas could contribute to a "smooth transition" to a low-carbon economy because it emits 40 percent less carbon dioxide per unit of energy produced than coal. Carbon dioxide is a potent greenhouse gas. The main component of natural gas, however, is methane, which is far more potent than CO2.

UNCTAD Secretary-General Mukhisa Kituyi said shale gas is attractive now, but countries looking to capitalize on the resources should understand the pros and cons.

"Climate change means that all countries must, as a matter of strategic urgency, move away from burning fossil fuels, including shale gas," he said in a statement.

The British economy is looking to capitalize on its shale gas assets as it tries to break away from foreign suppliers. Offshore wind, however, is a growing component of the British energy mix. The United States, for its part, is advancing offshore wind in Atlantic coastal states and the sector is evolving beyond the nascent stage.

Beyond emissions, UNCTAD's report said hydraulic fracturing processes use large volumes of water and carries with it risks of groundwater of surface water contamination. A study from the U.S. Geological Survey, meanwhile, found the disposal of oil and gas-related wastewater is the "primary reason" for an increase in seismic activity in central states like Oklahoma. That process is different from hydraulic fracturing.

The USGS recorded a magnitude-3 tremor on central Oklahoma, home to much of the state's shale natural gas reserves, on Wednesday.


Related Links
All About Oil and Gas News at OilGasDaily.com


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


OIL AND GAS
Mixed sentiment on British offshore licensing round
Washington (UPI) May 23, 2018
The British government declared success in its latest offshore auction, but the devil may be in the details given the prospects for production declines. The British Oil and Gas Authority awarded 123 licenses to 61 different companies in its 30th offshore licensing round on Wednesday. The British continental shelf holds an estimated 1.5 billion barrels of oil equivalent in potentially commercial, but as yet undeveloped, reserves. The government said the latest licensing round could help u ... read more

Comment using your Disqus, Facebook, Google or Twitter login.



Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

OIL AND GAS
Astonishing effect enables better palladium catalysts

Waterloo chemists create faster and more efficient way to process information

Supercomputing the emergence of material behavior

Keep the light off: A material with improved mechanical performance in the dark

OIL AND GAS
IAP Worldwide Services tapped for satellite systems

Hughes to prototype Multi-Modem Adaptor for Wideband SATCOM use

Navy awards contract to ViaSat for aircraft communication systems

Silent Sentry: Protecting Space Communications

OIL AND GAS
OIL AND GAS
China holds Satellite Navigation Conference in Harbin

Swift improves position accuracy and availability for precision farm and shipping customers

Satellite pair arrive for Galileo's next rumble in the jungle

Satellite row tests UK's post-Brexit security plans

OIL AND GAS
Research examines wing shapes to reduce vortex and wake

Taking Air Travel to the Streets, or Just Above Them

Airborne Tactical contracts for subsonic, supersonic simulation aircraft

Boeing, Airbus, GE among biggest losers from US Iran shift

OIL AND GAS
Supersonic waves may help electronics beat the heat

Toshiba says China approves sale of chip unit to Bain consortium

A new method for studying semiconductor nanoparticles has been tested

A micro-thermometer to record tiny temperature changes

OIL AND GAS
Prized data, free and open to all

Scientists uncover likely cheating on ozone treaty

The open air as an underappreciated habitat

How far to go for satellite cloud image forecasting into operation

OIL AND GAS
Researcher warns China's program 'riskiest environmental project in history'

World's protected areas being rapidly destroyed by humanity

People are pillaging the world's protected areas

EU chokes on own air quality standards









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.