The new claim of large shale gas deposits in the North Sea raises some really major issues about 21st century energy supply and greenhouse gas abatement.
Britain, which enjoyed a halcyon period as an oil producer two decades ago but fell in to an energy strategy pit under the Blair and Brown regimes, may have enough offshore shale gas to send it in to the top ranks of global producers, it is being claimed – while Schlumberger, a world leader in energy services, says there are large shale gas and oil reserves on the German, Dutch and Danish North Sea coasts as well as in the Baltic.
Taken with the North American, Chinese, Argentinian and Australian shale resources, to name only some, this could be a global game-changer in the same way that coal seam gas overturned conventional energy wisdom here a decade ago.
The situation highlights one of the most famous petroleum industry mantras – that oil is found in the minds of men (and women).
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Britain, which enjoyed a halcyon period as an oil producer two decades ago but fell in to an energy strategy pit under the Blair and Brown regimes, may have enough offshore shale gas to send it in to the top ranks of global producers, it is being claimed – while Schlumberger, a world leader in energy services, says there are large shale gas and oil reserves on the German, Dutch and Danish North Sea coasts as well as in the Baltic.
Taken with the North American, Chinese, Argentinian and Australian shale resources, to name only some, this could be a global game-changer in the same way that coal seam gas overturned conventional energy wisdom here a decade ago.
The situation highlights one of the most famous petroleum industry mantras – that oil is found in the minds of men (and women).
Read More
Business Spectator
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