ABERDEEN'S oilfield service companies could benefit from a massive expansion in the shale oil sector, according to accountant PricewaterhouseCoopers, but critics of the industry say the opportunity is overstated and the focus should be on the potential for green energy.
ABERDEEN'S oilfield service companies could benefit from a massive expansion in the shale oil sector, according to accountant PricewaterhouseCoopers, but critics of the industry say the opportunity is overstated and the focus should be on the potential for green energy.
GROWTH HOPE: Experts at the Cuadrilla fracking facility in Preston, Lancashire. Picture: Matthew Lloyd
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TIM SHARP CITY EDITOR
The shale gas and oil industry has expanded rapidly in the US, although controversy remains over fracking – releasing hydrocarbons by pumping water, chemicals and sand at high pressure to fracture the shale rock.
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