Flexible US shale industry is changing world gas trade

A cargo of LNG hauled from Louisiana in late December has become a symbol of how global trade is changing for a fuel increasingly seen as a cheap, cleaner-burning option for countries from Latin America to China and India, Bloomber reports. The tanker Maran Gas Achilles passed through the Panama Canal and was headed toward Asia at…


Argentina strikes deal with oil majors to develop Vaca Muerta shale

Argentina’s president has said the country has struck a deal with labour unions and a string of energy companies to lure investors to its massive shale oil and gas reserves. Oil majors including Chevron, Total, Shell, BP and Argentinian state energy firm YPF have been among the companies tipped to invest $5bn this year into the sprawling Vaca…


Shell puts revamped shale arm at heart of future growth: Reuters

Royal Dutch Shell is putting unconventional energy at the heart of its long-term growth plans, and believes lessons from the revamp can be applied across the company, according to an exclusive report by Reuters news agency. Greg Guidry, head of the Anglo-Dutch group’s unconventionals business, told Reuters a drive to slash costs and streamline decision-making…


South Africa to start shale gas exploration in ‘next financial year’

The first exploration for shale gas in South Africa will begin in the next financial year, the government said in Cape Town on Tuesday, following years of procrastination. “One area of real opportunity for South Africa is the exploration of shale gas,” the government statement said. “Exploration activities are scheduled to commence in the next…


South Africa can boost shale gas development: World Energy Council

Poor infrastructure, the scarcity of water and a lack of skills in the Karoo, as well as public concerns regarding the potential environmental impact of shale gas operations are hampering development in the unconventional gas sector in South Africa, a report revealed. Unconventional gas, a global phenomenon, a report by the World Energy Council in…