• 9 minutes WTI @ 67.50, charts show $62.50 next
  • 11 minutes The EU Loses The Principles On Which It Was Built
  • 19 minutes Batteries Could Be a Small Dotcom-Style Bubble
  • 1 hour Downloadable 3D Printed Gun Designs, Yay or Nay?
  • 3 hours Saudi Fund Wants to Take Tesla Private?
  • 2 hours Rattling With Weapons: Iran Must Develop Military To Guard Against Other Powers
  • 8 hours Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 5 hours Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 1 hour China goes against US natural gas
  • 10 hours CO2 Emissions Hit 67-Year Low In USA, As Rest-Of-World Rises
  • 4 hours Corporations Are Buying More Renewables Than Ever
  • 18 hours Starvation, horror in Venezuela
  • 18 hours The Discount Airline Model Is Coming for Europe’s Railways
  • 20 hours How To Explain 'Truth Isn't Truth' Comment of Rudy Giuliani?
  • 11 hours Saudi PIF In Talks To Invest In Tesla Rival Lucid
  • 12 hours Film on Venezuela's staggering collapse
Alt Text

WTI Set For Longest Weekly Losing Streak Since 2015

West Texas Intermediate crude was…

Alt Text

Oil Prices Take A Breather As Supply Jumps

Oil markets took a breather…

Alt Text

All-Time Low Spare Capacity Could Send Oil To $150

Many oil markets watchers have…

Joao Peixe

Joao Peixe

Joao is a writer for Oilprice.com

More Info

Trending Discussions

Chevron Resumes Fracking After Romania Protests

Chevron Resumes Fracking After Romania Protests

Chevron is back to fracking in Romania after operations were blocked for the second time in two months, and equipment damaged by hundreds of protesters, while riot police stepped in to protect the drilling site.

Equipment was damaged and operations were halted for a day at Chevron’s shale exploration operations in eastern Romania on 7 December when hundreds of protesters broke through the fence surrounding the site in the town of Pungesti, but operations resumed the following day.

Some 300 riot police descended on Pungesti to prevent the protesters from breaking through the Chevron fence, but demonstrators managed to breach the site despite this.

“Chevron can confirm that it has resumed activities... While we respect the right of individuals to express their opinions, it should be done within the law,” the company said in a statement.

Related article: Frack-Water Recycling, an Emerging Market

"Our priority is to conduct our activities in a safe and environmentally responsible manner consistent with the permits under which we operate, however this was not possible today."

The Romanian government’s support of shale exploration has earned it the ire of growing numbers of protesters across the country.

Chevron won rights to drill in Pungesti in October, but protesters blocked operations, which resumed only on 2 December, only to be blocked by another protest for a day.

The US Energy Information Administration (EIA) estimates Romania’s potential shale gas reserves at 51 trillion cubic feet, but the Romanian public is concerned that the process of hydraulic fracturing (fracking) would pollute water supplies through the chemicals injected underground and cause small earthquakes.

Chevron has made enemies in Poland, as well, where it has filed a lawsuit against protesters there who blocked its fracking site.

Across Europe, there is little public support for fracking—a key element keeping Europe from experiencing a shale “revolution” such as that in the US.

Chevron, which has acquired millions of acres in Poland, Romania, Ukraine, Lithuania and Bulgaria, was hoping Eastern Europeans would be supportive.

Related article: Trans-Adriatic Pipeline Takes Step Forward

"This resource could certainly enhance energy security within Europe and also bring enormous economic benefits," said Ian MacDonald, Chevron vice president for Europe, Eurasia and the Middle East. "Chevron believes that upon learning how these hydrocarbon resources can be explored for and developed safely, the governments and citizens of Central Europe will be supportive."

A KPMG study says that shale extraction costs in Europe will be around 40% higher than in the US. Geologically speaking, Europe’s shale is generally trapped about 50% deeper than US shale and the temperatures are typically higher. These countries would also need very expensive gasification facilities and other infrastructure that is not in place and will add exponentially to the costs of production and getting product to market.

By. Joao Peixe of Oilprice.com




Back to homepage

Trending Discussions


Leave a comment
  • C.I. on December 11 2013 said:
    May we see the day when both the Chevron CEO , his lobbyists , and their political lap-dogs and lackey will be hanging on those fracking contraptions.

Leave a comment




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