Friday, August 31, 2012

Australian Government Suspends Fracking -- "Moratorium" Is The Exact Word Used

Link here to Oil and Gas Journal.
The Victorian government imposed a moratorium on hydraulic fracturing pending legislative changes to implement new standards for the oil and gas industry.

The ban is not expected to impact any current leaseholders.

Victorian Resources Minister Michael O’Brien said the hold would remain effective until implementation of a national regulatory framework for regulating coal seam gas and fracing.
The ban is not expected to impact any current leaseholders. We are from the federal government. We are here to help.

2 comments:

  1. Mr. Oksol your blog is a great source of information - and even though we both know that you didn't build it - thanks a lot for keeping me up to date in these exciting times.

    I know you've covered the Hiway process before but you may not have seen today's Reuters article on Schlumberger which has some numbers:
    http://mobile.reuters.com/article/idUSBRE87U0GE20120831?irpc=932

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    Replies
    1. Thank you for your kind comments. I couldn't have done the blog without Al Gore's internets.

      On a serious note, wow, your link is awesome. I remember writing about the Hiway technology a long, long time ago. Thought it was just another process but it looks like the "real deal." My post about Hiway fracking is one of my most visited sites; this update will interest a lot of readers. Thank you.

      http://www.milliondollarwayblog.com/2012/08/update-on-schlumberger-fracking.html

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