• 13 hours U.S. Oil Production To Increase in November As Rig Count Falls
  • 15 hours Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 17 hours Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 18 hours EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 20 hours Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 21 hours Aramco Says No Plans To Shelve IPO
  • 3 days Trump Passes Iran Nuclear Deal Back to Congress
  • 4 days Texas Shutters More Coal-Fired Plants
  • 4 days Oil Trading Firm Expects Unprecedented U.S. Crude Exports
  • 4 days UK’s FCA Met With Aramco Prior To Proposing Listing Rule Change
  • 4 days Chevron Quits Australian Deepwater Oil Exploration
  • 4 days Europe Braces For End Of Iran Nuclear Deal
  • 4 days Renewable Energy Startup Powering Native American Protest Camp
  • 5 days Husky Energy Set To Restart Pipeline
  • 5 days Russia, Morocco Sign String Of Energy And Military Deals
  • 5 days Norway Looks To Cut Some Of Its Generous Tax Breaks For EVs
  • 5 days China Set To Continue Crude Oil Buying Spree, IEA Says
  • 5 days India Needs Help To Boost Oil Production
  • 5 days Shell Buys One Of Europe’s Largest EV Charging Networks
  • 5 days Oil Throwback: BP Is Bringing Back The Amoco Brand
  • 5 days Libyan Oil Output Covers 25% Of 2017 Budget Needs
  • 5 days District Judge Rules Dakota Access Can Continue Operating
  • 6 days Surprise Oil Inventory Build Shocks Markets
  • 6 days France’s Biggest Listed Bank To Stop Funding Shale, Oil Sands Projects
  • 6 days Syria’s Kurds Aim To Control Oil-Rich Areas
  • 6 days Chinese Teapots Create $5B JV To Compete With State Firms
  • 6 days Oil M&A Deals Set To Rise
  • 6 days South Sudan Tightens Oil Industry Security
  • 6 days Over 1 Million Bpd Remain Offline In Gulf Of Mexico
  • 7 days Turkmenistan To Spend $93-Billion On Oil And Gas Sector
  • 7 days Indian Hydrocarbon Projects Get $300 Billion Boost Over 10 Years
  • 7 days Record U.S. Crude Exports Squeeze North Sea Oil
  • 7 days Iraq Aims To Reopen Kirkuk-Turkey Oil Pipeline Bypassing Kurdistan
  • 7 days Supply Crunch To Lead To Oil Price Spike By 2020s, Expert Says
  • 7 days Saudi Arabia Ups November Oil Exports To 7-Million Bpd
  • 7 days Niger Delta State Looks To Break Free From Oil
  • 7 days Brazilian Conglomerate To Expand Into Renewables
  • 8 days Kurdish Independence Could Spark Civil War
  • 8 days Chevron, Total Waiting In The Wings As Shell Mulls Majnoon Exit
  • 8 days The Capital Of Coal Is Looking For Other Options
Alt Text

How OPEC Continues To Cheat On Its Own Deal

OPEC oil production has once…

Alt Text

Who Is Winning The Market Share War In China?

The OPEC production cut deal…

Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for the U.S.-based Divergente LLC consulting firm with over a decade of experience writing for news outlets such as iNVEZZ and…

More Info

Scotland To Permanently Ban Fracking

Oil

The Scottish government said on Tuesday that it wants to extend a current moratorium on fracking into a permanent full ban, with a final vote likely taking place at the Scottish Parliament later this year.

“I can confirm that the decision of the Scottish Government is that we will not support the development of unconventional oil and gas in Scotland,” Scotland’s Energy Minister Paul Wheelhouse told the Scottish Parliament today.

In January 2015, the Scottish Government put in place a moratorium on granting consents for unconventional oil and gas developments in Scotland. Back then, the government promised to undertake further research on potential impacts before holding a full public consultation. The consultation ran from January 31 to May 31, 2017, and received more than 60,000 responses, the government said.

Today, Minister Wheelhouse told the Parliament that 99 percent of respondents in the consultation were against fracking. The ministers have a “moral responsibility” to tackle climate change, he noted.

“Fracking cannot, and will not take place in Scotland,” Wheelhouse said.  

First Minister of Scotland, Nicola Sturgeon, tweeted that “Scottish government backs ban on fracking”.

Just yesterday, The Scotsman reported that ministers of the SNP party of government had been warned by other parties that a failure to ban fracking would be a “betrayal” to climate change commitments Scotland has made.  Related: Say ‘So Long’ To The Oil Rally

The Labour Party, Greens, and Liberal Democrats are all opposing fracking and supporting a ban, so they would likely support the Scottish government in a Parliament vote on banning fracking.

Friends of the Earth Scotland welcomed the decision to ban fracking, which they described as a “truly momentous win for the anti-fracking movement.”

A British Geological Survey report from 2014 said that there were “modest” shale reserves in Scotland. The estimate of shale gas in place is 80 trillion cubic feet, and the central estimate for shale oil in place is 6 billion barrels of oil. The volumes of oil and gas that could be commercially extracted are likely to be much lower, according to the 2014 report.  

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:




Back to homepage


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News