• 9 hours PDVSA Booted From Caribbean Terminal Over Unpaid Bills
  • 11 hours Russia Warns Ukraine Against Recovering Oil Off The Coast Of Crimea
  • 13 hours Syrian Rebels Relinquish Control Of Major Gas Field
  • 14 hours Schlumberger Warns Of Moderating Investment In North America
  • 15 hours Oil Prices Set For Weekly Loss As Profit Taking Trumps Mideast Tensions
  • 16 hours Energy Regulators Look To Guard Grid From Cyberattacks
  • 18 hours Mexico Says OPEC Has Not Approached It For Deal Extension
  • 19 hours New Video Game Targets Oil Infrastructure
  • 21 hours Shell Restarts Bonny Light Exports
  • 22 hours Russia’s Rosneft To Take Majority In Kurdish Oil Pipeline
  • 1 day Iraq Struggles To Replace Damaged Kirkuk Equipment As Output Falls
  • 1 day British Utility Companies Brace For Major Reforms
  • 2 days Montenegro A ‘Sweet Spot’ Of Untapped Oil, Gas In The Adriatic
  • 2 days Rosneft CEO: Rising U.S. Shale A Downside Risk To Oil Prices
  • 2 days Brazil Could Invite More Bids For Unsold Pre-Salt Oil Blocks
  • 2 days OPEC/Non-OPEC Seek Consensus On Deal Before Nov Summit
  • 2 days London Stock Exchange Boss Defends Push To Win Aramco IPO
  • 2 days Rosneft Signs $400M Deal With Kurdistan
  • 2 days Kinder Morgan Warns About Trans Mountain Delays
  • 2 days India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 2 days Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 3 days Russia, Saudis Team Up To Boost Fracking Tech
  • 3 days Conflicting News Spurs Doubt On Aramco IPO
  • 3 days Exxon Starts Production At New Refinery In Texas
  • 3 days Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 4 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 4 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 4 days China To Take 5% Of Rosneft’s Output In New Deal
  • 4 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 4 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 4 days VW Fails To Secure Critical Commodity For EVs
  • 4 days Enbridge Pipeline Expansion Finally Approved
  • 4 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 4 days OPEC Oil Deal Compliance Falls To 86%
  • 5 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 5 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 5 days Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 5 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 5 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 5 days Aramco Says No Plans To Shelve IPO
5 Picks For A Booming Tech Market

5 Picks For A Booming Tech Market

Technological breakthroughs like artificial intelligence…

Tesla Execs Bail As Cash Flow Hits Record Lows

Tesla Execs Bail As Cash Flow Hits Record Lows

Amid a rough second quarter…

Zainab Calcuttawala

Zainab Calcuttawala

Zainab Calcuttawala is an American journalist based in Morocco. She completed her undergraduate coursework at the University of Texas at Austin (Hook’em) and reports on…

More Info

Poland Reaches End Of The Road For Shale Gas Prospects

Shale gas fracking

Poland’s race to explore shale gas is now over, after its state-run firm PGNiG and oil refiner PKN Orlen cancelled exploration projects there.

Polish gas was expected to come to market in 2014, according to Former Prime Minister Donald Tusk’s announcement five years ago.

International oil companies, including Chevron Corp., Exxon Mobil, and Total flocked to the European country to assist in the search for gas, but they pulled back their efforts after disappointing results and the oil price crisis.

The country’s national energy companies were the last to hold out for domestic shale gas projects, and now they, too, are throwing in the towel.

"The discussion and projects related to shale gas is a closed issue for us," Miroslaw Kochalski, deputy head of PKN Orlen told Reuters on Wednesday.

Piotr Wozniak, the chief executive office at PGNiG, reiterated this sentiment by saying, "Shale gas has ended not that badly when it comes to the improved techniques of unconventional gas exploration. Shale gas as such has failed indeed."

Poland’s ventures in fracking made an appearance in the latest Wikileaks dump, sorted by The Intercept.

The leaks “reveal the [State] Department's role in bringing foreign dignitaries to a fracking site in Pennsylvania and its plans to make Poland a 'laboratory' for testing whether US success in developing shale gas can be repeated in a different country, particularly in Europe.”

As Oilprice noted earlier this week, there was also the work done in Bulgaria following a government-imposed moratorium on the practice. Months of high-level diplomatic work and headlines such as “Fracking will lead to fivefold drop in the price of gas” contributed to the easing of the ban.

By Zainab Calcuttawala for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment

Leave a comment

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