“Shale Gas Needed to Reduce UK Gas Imports”

Posted by Michelle Howard
Monday, March 24, 2014

Speakers set to fuel energy debate at Unconventional Gas Aberdeen 2014.

Leading figures from industry and government speaking at Unconventional Gas Aberdeen 2014 will tomorrow highlight the impact U.K. shale development could have on reducing costly gas imports but admit that more needs to be done to reassure communities on aspects such as fracking.

With more than 50 percent of U.K. gas supplies now coming from imports, predominantly from Norway and the Middle East, shale gas is being promoted as part of the solution in creating a secure and affordable energy mix.

However, delegates at the two day conference and exhibition at Aberdeen Exhibition and Conference Center on March 25 and 26 will hear that more needs to be done to win hearts and minds over onshore shale extraction, providing reassurance on the science behind the operations and benefits to local communities.

Dan Byles, MP and Chair of the All Party Parliamentary Group on Unconventional Oil & Gas will give the keynote address. He said, "The debate over whether to explore and develop U.K. shale gas reserves has had a tendency to polarize between extreme views on either side, but in the last year we have seen a growing political consensus over the potential benefits to the U.K. economy.

“The science is increasingly clear that shale gas can be developed safely with strong regulation and high production standards, but it is also clear that the legitimate concerns of local communities have not yet been met. It is more important than ever to continue with a rational and evidence based discussion to ensure that the U.K. takes the right path that enshrines the highest standards of engineering and of community engagement."

Importing gas reaps no tax rewards for the U.K. but when shale becomes profitable companies will be liable for 62% tax. Each site is also expected to deliver between £5-10 million worth of community benefits from the operators and create numerous jobs.

Ken Cronin, CEO of the U.K. Onshore Operators Group (UKOOG) is also a keynote speaker. He said, “The next three years are absolutely crucial for developing shale gas as a secure energy resource. We have a real opportunity in this country to produce our own gas in a properly regulated manner rather than take imports from other countries which may not have such high standards and will effectively sell to the highest bidder.”

Malcolm Webb, CEO of Oil & Gas U.K. added, “Onshore natural gas and oil can make a substantial positive contribution to the energy security and economic wellbeing of this country. However we need to recognize that it is a nascent industry which needs careful support and encouragement. The huge gas and oil fields we found on the U.K. Continental Shelf were able to withstand the vagaries of U.K. Government policy and industry behaviors.

“Recent growing awareness of the need for different behaviors as long term perspectives for the U.K. offshore industry offer a lesson for the onshore sector.”

A number of UK operators will also share their first hand experiences including Andrew Austin, CEO of IGas and Douglas Bain, U.K. Country Manager at Dart Energy. They will discuss tapping the unconventional resource in the U.K. region and the challenges and opportunities this presents.

The aim of the conference is to highlight barriers to development and present practical solutions based on academic research or experience from energy or related industries. It will focus on themes such as supply chain, technology, planning, and the social license to operate.

Major service companies including Halliburton and Schlumberger will also showcase new technologies supporting shale extraction.

An academic showcase will be launched for the first time where U.K. university students and other representatives of academic bodies will display their insights on the subject including technical and non-technical submissions.

Broadcaster and Horizon presenter Professor Iain Stewart will address the academic showcase highlighting the need to better communicate the process of shale extraction and will present prizes for the best student presentations.

The meeting is supported by sponsors ASCO, Halliburton, Schlumberger, Corpro, Chevron, Bond Dickinson and Weir Group.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Technology

Symphony Sun’ Launched in Leer

On Friday the 29th of April, Nb. 420 was launched in Leer. She was christened ‘Symphony Sun’ and is the fourth vessel in a series of 6 that will be delivered to Symphony Shipping.

ACR to Debut Pathfinder PRO SART at OTC

An important addition to any commercial vessel’s survival gear kit, the Pathfinder PRO SART is introduced by ACR Electronics, Inc. at this year’s OTC. The new search

Voice-data Communications and HDTV in One System

PDQ’s OneSource System provides long range cell, wi-fi and high definition TV in one system for mobile users.   San Diego wireless company PDQ Connect has developed

Energy

India's Highest non-coking coal discharge at Gangavaram Port

Gangavaram Port, the deepest and the most modern port in the country, has created yet another historical milestone record by discharging 1,56,339 metric tons of Non-Coking Coal from the vessel M.

Floating Products Storage in Focus

For much of 2015, talk of floating storage was dominated by speculation that the contango in crude futures might support crude floating storage, says Gibson Tanker Report.

Olympic Subsea Vessel Bags Contract

Olympic Shipping has secured a contract for Olympic Delta, an inspection, maintenance and repair (IMR) vessel, with an international client  to work on a renewable energy project.

News

Italian Ship Rescues 26 Migrants off Libya

An Italian merchant ship rescued 26 migrants off the coast of Libya in rough seas and others were feared missing, the Coast Guard said on Saturday. The Coast

Symphony Sun’ Launched in Leer

On Friday the 29th of April, Nb. 420 was launched in Leer. She was christened ‘Symphony Sun’ and is the fourth vessel in a series of 6 that will be delivered to Symphony Shipping.

ACR to Debut Pathfinder PRO SART at OTC

An important addition to any commercial vessel’s survival gear kit, the Pathfinder PRO SART is introduced by ACR Electronics, Inc. at this year’s OTC. The new search

Government Update

Holland America Line Kicks off Seattle's Record Cruise Season

The Port of Seattle begins the 2016 cruise season welcoming the first ship call, Holland America Cruise Line’s Nieuw Amsterdam. Larger vessels and more cruises

MARAD: $5 Mln Available for Marine Highway Projects

The Maritime Administration (MARAD) has announced the availability of $5 million in Federal funding to expand marine highway service by creating new or expanding

Pacific Nations Take a Stand on Shipping Emissions

On Earth Day, Pacific leaders queued among 175 countries to sign the Paris Agreement in New York. Earlier that day in London, the International Maritime Organization (IMO),

Offshore Energy

Subsea 7 Profits Dip in Q1

Subsea 7 S.A. announced its financial results for the first quarter ending March 31, 2016, reporting revenues of $746 million, down 37 percent from the prior year period.

Ulstein Verft's First Wind Service Vessel Launched

Shipbuilder Ulstein Verft has launched its first vessel within the renewable energy segment, and also the first with the newly-developed X-STERN hull line design.

Incat Crowther Supplies Crewboat Design, Build Kits

Incat Crowther has been awarded a contract with shipbuilder Astinave EP of Guayaquil, Ecuador for the supply of vessel design services and aluminum component kits for a pair of 22.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Pipelines Pod Propulsion Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1147 sec (9 req/sec)