South Africa’s Mineral Resources Minister Ngoako Ramatlhodi has confirmed the country has a keen interest in drilling for shale gas itself, suggesting it could help end the historic injustices of natural resource exploration in South Africa. “We should ensure that, should at some point the state want to walk into the shale gas arena on…
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There is huge uncertainty about how global gas markets will evolve, but the extent of the value at stake makes it imperative for liquified natural gas (LNG) suppliers and buyers to act now, according to this analysis by global management consultants McKinsey & Company. Unforeseen events have disrupted the gas market in the last eight…
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Romania is expected to achieve energy independence by the end of the decade, due to shale gas and alternative energy sources like wind and nuclear power. It is the third most energy independent country in the European Union after Denmark and Estonia. A neighbour of Ukraine, Romania has found itself in recent months close…
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Argentina President Cristina Fernandez confirmed Russia’s interest in investing in Argentina’s Vaca Muerta shale formation in Patagonia and said that a Russian delegation will soon travel to the area, which holds one of the largest shale gas and oil reserves of the world. At the same time Argentine Federal minister Julio De Vido said the…
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Natural gas production from the Marcellus shale deposit in the Northeast surged above 15 billion cubic feet a day for the first time, as hydraulic fracturing and horizontal drilling unlocked underground supplies. Gross output from the region will average 15.235 billion cubic feet a day this month, up 28% from a year earlier, and 15.482…
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In southern Texas and North Dakota, where shale drilling has propelled US oil production to the highest level in 28 years, thousands of 18-wheel trucks are rumbling to wells on roads designed decades ago for farmers to bring crops to markets. Road closures have slowed output, with diverted traffic increasing accidents, as Texas seeks $1…
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Goldman Sachs’s head of European energy research Michele della Vigna argues that around $700 billion’s worth of capital spending in oil industry majors’ pipelines may no longer be needed. Goldman estimates that the big discoveries of shale oil in the US in recent years have added around 66 billion barrels of crude oil resources; at…
DetailsA new report by KPMG focuses on LNG projects in Canada, United States, East Africa and Australia The liquefied natural gas (LNG) industry is venturing into new territory as it approaches an unprecedented wave of expansion. New projects in Western Canada, the US Gulf Coast and East Africa pose particular technical challenges, but more important…
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In a nondescript site in Midland, Texas, a cost-effective new process is cleaning up some of the most contaminated water around—the extremely salty stuff that comes up with oil at wells. By the end of next month the technology is expected to be chugging 500,000 gallons per day, furnishing water that’s sufficiently clean to use…
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Colombia’s environmental regulator ANLA has approved a new unconventional hydrocarbons regulation that will address hydraulic fracturing, which is ready to be implemented, Mines and Energy Minister Amylkar Acosta said. “The approval process was very long but we needed it to meet the highest international environmental standards,” Acosta said at BNamericas’ 8th Andean Energy Summit in…
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