BG cuts back on fracking for shale gas as prices slide

http://www.guardian.co.uk

BG cuts back on fracking for shale gas as prices slide

The oil and gas producer has joined US rivals Chesapeake and Conoco in cutting back on the controversial production process known as ‘fracking’BG Group has become the latest energy major to scale back on shale gas production in the wake of falling prices. The oil and gas producer, created by a demerger from British Gas 15 years ago, has joined US rivals Chesapeake and Conoco in cutting back on the controversial production process known as “fracking” – where a combination of chemicals, water and sand is pumped into the ground to hydraulicallly fracture or “frack” the rock and release trapped gas.