• Sun
  • Dec 28, 2014
  • Updated: 8:06pm

Fracking

Fracking involves injecting water, sand and chemicals deep underground to break apart rock and access deposits of shale oil and gas. The fracking boom has led to jobs, and billions in royalties and profits, but critics say the process can contaminate water supplies.

Petro-king plans HK$381m upgrade

Petro-king chairman Wang Jinlong says the buyout of Sheraton will boost the services provider's profit margin. Photo: Edward Wong

Termbray Petro-King Oilfield Services, which recently agreed to take over its tool- and equipment-making subsidiary in Singapore, plans to spend 300 million yuan (HK$379 million) in the next two years to quintuple its annual capacity in tools for fracturing rock formations to enhance oil and gas production.

Saturday, 23 November, 2013, 2:37am

British police detain protesters at anti-fracking demo

Some 36 people have been detained in the first of two days of “direct action” against the drilling process known as fracking. Photo: Reuters

British police dispersed hundreds of protesters who blocked access to an oil exploration site in rural England on Monday in an intensification of an almost month-long standoff over the nascent shale gas extraction industry in Britain.

20 Aug 2013 - 2:42pm

Fracking water’s dirty little secret - recycling

Exploration and production companies are under pressure to use less water on oil and gas wells. Photo: Reuters

The oil and gas industry is finding that less is more in the push to recycle water used in hydraulic fracturing. Slightly dirty water, it seems, does just as good a job as crystal clear when it comes to making an oil or gas well work.

16 Jul 2013 - 1:23pm