Bundu to begin community consultation on South Africa Karoo shale gas program

Bundu Gas and Oil Exploration, which applied for a shale gas exploration right in South Africa’s Karoo basin in 2010, has revised its environmental management programme (EMP) and has appointed an independent environmental consultancy to begin consultations with interested and affected parties. Bundu, which is a subsidiary of Australia’s Challenger Energy, was one of three…

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PetroChina, Sinochem to join forces in $4.2 billion project to explore for Chinese shale gas

PetroChina has teamed up with Sinochem Corp to tap shale gas from five blocks in the southwest of China, the state-run companies said. The two firms, together with State Development and Investment Corp (SDIC) and a local company, have jointly set up Chongqing Shale Gas Exploration and Development Co Ltd, with a total registered capital…

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Keep Calm & Carry On – Flexible US shale drillers will slow activity on lower crude prices: Continental CEO

Billionaire wildcatter Harold Hamm, a founding father of the US shale boom whose personal fortune has fallen by more than half in the past three months, said US drilling will slow as producers cut back amid falling oil prices, according to a report by Bloomberg. Declining activity from Texas to North Dakota won’t be as…

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Environmental permits likely for second Cuadrilla UK shale gas site

Britain’s Environment Agency said it will is likely it will approve environmental permits for shale gas company Cuadrilla Resources at a second site in Lancashire, northwest England, taking the firm a step closer to shale gas extraction. The firm plans to drill for shale gas at Roseacre Wood, near Elswick in Lancashire. The agency’s final approval…

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Australian government says the country could copy US unconventional gas boom over time

Australian Federal industry minister Ian Macfarlane has said the the country’s gas market was transitioning, though there was hope that it could follow the US’s success in exploiting rich unconventional gas reserves. The Australian Financial Review reports the minister as saying “Australia can repeat that success over time with the right regulatory frameworks and business environment.”…

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