Norway lies above the Alum Shale, and the Norwegian Petroleum Directorate has stated that it is not economically viable to develop shale oil and gas in Norway for the foreseeable future. However Norwegian companies are acquiring resources and utilizing hydraulic fracturing technology within the United States.[1]
The country produced approximately 3.76 tcf of conventional natural gas in 2010, of which 3.6 tcf was exported, accounting for nearly 94% of total gas production. The Norwegian Petroleum Directorate forecasts that this number will increase to 3.96 tcf in 2015.[1]
Norway lies above the Alum Shale, and the Norwegian Petroleum Directorate has stated that it is not economically viable to develop shale oil and gas in Norway for the foreseeable future. However Norwegian companies are acquiring resources and utilizing hydraulic fracturing technology within the United States.
During this time, a fracking boom has helped the United States become the global leader in natural gas and crude oil production. But the extraction of dirty fossil fuels by any means comes at a cost, and the risks associated with fracking to the environment, our health, and the earth's climate are serious.
Fracking remains banned in numerous EU countries, including Germany, France and Spain, as well as Australia. Authorities in countries including Brazil and Argentina are split, with some banning the practice, and others allowing operations.
The Norwegian Oil and Gas Association has calculated that shutting down Norway's petroleum industry from 2020 would mean the loss of NOK 140 billion in annual government revenues. It also estimates that around 300 000 people employed in the country directly and indirectly by the industry would lose their jobs.
Various members of the European Union from Bulgaria to France have instituted moratoria or bans on fracking, as have Scotland, Wales and Northern Ireland, all citing environmental concerns. England is home to some of the few remaining attempts to tap shale gas in Europe.
Fracking has been documented in more than 30 U.S. states and is particularly widespread in North Dakota, Pennsylvania and Texas. And it's expanding into new areas, making states like California, New Mexico and Nevada increasingly threatened by a potential fracking boom. 2.
The United States has become the leading global oil producer in the modern oil environment, holding the top spot followed by Saudi Arabia and Russia. Iran, Kuwait, and Iraq all rank highly in the top 10 oil-producing countries.
The U.S. is the global leader in the production of natural gas and oil derived from shale formations. However, there are other countries with significant quantities of technically recoverable resources. In 2015 the U.S. Energy Information Administration updated its assessment of world shale oil and shale gas resources.
Introduction: My name is Neely Ledner, I am a bright, determined, beautiful, adventurous, adventurous, spotless, calm person who loves writing and wants to share my knowledge and understanding with you.
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