Study finds Canada’s Liard Basin among world’s biggest shale gas resources

Northwest Canada’s remote Liard Basin is the world’s ninth largest shale gas resource, according to a new assessment released by Canadian regulators, although it may take years to develop given depressed global energy prices. The basin, mostly situated in British Columbia but also straddling the Yukon and Northwest Territories borders, is estimated to contain 219…


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…


EIA sees sharp drop in U.S. shale output in April

U.S. shale oil production in April is expected to show the second-largest monthly decline on record, and the sixth straight monthly decrease, the U.S. Energy Information Administration’s (EIA) said. Total output is expected to fall by 106,000 barrels per day to 4.87 million bpd, according to the EIA’s monthly drilling productivity report. That would be…


Shale revolution to continue: BP

Technological innovation to drive U.S. shale oil output to nearly 8 MMBOPD by 2035 While the U.S. shale industry is currently taking a beating along with most other crude oil producers around the globe, BP’s 2016 Energy Outlook forecasts that the industry will get back on the track of growth, and double output in the next 20…


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…