From 1 October 2016 the UK Oil and Gas Regulatory Authority (OGA) will be established as an independent regulatory body by the UK Government.
Jim Ratcliffe, CEO of Ineos, has stated that he thinks fracking could transform Britain’s industrial heartland in the same way it has revived America’s Rust Belt.
Any number of factors may have contributed to the severity of both incidents.
Weak oil prices are not stopping, America rising as an energy superpower in 2016, weakening OPEC’s influence on the oil market and Russia’s control of Europe’s gas supplies.
BP Energy Partners, an energy investment company backed by oil tycoon T. Boone Pickens, is selling portfolio company Pinnacle Midstream, according to four sources familiar with the matter.
