South Africa on the brink of giving shale gas green light

South Africa will gazette final regulations for shale gas exploration by June, two years after releasing draft rules and as companies reconsider investments due to volatile oil prices and delays in awarding licenses. In March, Royal Dutch Shell said it was pulling back from its shale projects in South Africa’s semi-arid Karoo region which is…

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Four reasons low oil prices help US shale producers – Boston CG

  The low-oil-price environment that has prevailed in recent months has presented significant short-term challenges, including squeezed margins and collapsing activity levels, to producers of U.S. shale oil. However, Iván Martén, a senior partner at the Boston Consulting Group, and the global leader of its energy practice, says his firm believes that an extended period…

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EOG biding its time in face of low oil prices; sees shale production growth in 4Q

EOG Resources Inc., the largest shale oil producer in the US, reported that its crude oil and condensate production increased 16% in 1Q2015 compared to 1Q2014, but the company won’t be exerting much effort to further boost production until oil prices find their way higher, CEO Bill Thomas said. “We’re not interested in growing oil…

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US Study: Trace amount of drilling fluid found in water well in Marcellus

Toxic fluids used in drilling and hydraulic fracturing likely escaped an unlined borehole and migrated thousands of feet into a residential drinking-water supply in Pennsylvania, according to a study just published. At least three water wells in Bradford County, located in the heart of the Marcellus Shale drilling boom, were found to be contaminated with…

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Weir, Rolls-Royce team up for new lower cost fracking venture

Scottish engineer Weir Group has teamed up with Rolls-Royce Power Systems’ (RRPS) company MTU for a new joint-venture to produce a power system to make hydraulic fracturing, or fracking, more efficient. Weir manufacturers hydraulic fracturing pumps, while MTU describes itself as a market leader in heavy-duty industrial diesel engines. The joint-venture – announced at the…

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Despite better air quality, US emissions from shale gas wells may travel far downwind

Emissions linked to hydraulic fracturing, the method of drilling for natural gas commonly known as “fracking,” can be detected hundreds of miles away in US states that forbid or strictly control the practice, according to a UMD study published in the journal Atmospheric Environment. The study is among the latest data presented in the ongoing…

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