South Africa shale production socio economic outcomes won’t mirror mining: ANC

South Africa will make sure its population benefits when it develops its shale gas and offshore oil industries and won’t repeat the errors it made with mining, according to Zweli Mkhize, treasurer of the ruling African National Congress party ahead of May elections. A law approved by South Africa’s parliament that will give the state…


Political scandal won’t stall shale exploration in Turkey

Turkey’s Prime Minister Recep Tayyip Erdogan has been embroiled in a corruption scandal that helped send the country’s currency to an all-time low. It hasn’t discouraged foreign oil companies eyeing the country’s shale gas reserves. Bloomberg reports that Royal Dutch Shell, TransAtlantic Petroleum and Valeura Energy are among explorers shrugging off the bribery probe that…


Oil & gas firms pay $630m in Pennsylvania shale drilling fees

Anadarko Petroleum, Chesapeake Energy and others will pay the US state of Pennsylvania about $225 million in fees this year for drilling in the gas-rich Marcellus Shale, but critics of state law say they aren’t paying enough. Recurring drilling fees on nearly 6,500 natural gas wells will bring more than $630 million to state coffers…


UK’s iGas: fracking for shale gas in East Midlands could provide ‘big prize’

British energy firm iGas Energy says up to 10% of the UK’s gas supply for the next decade could come from shale gas produced in Lincolnshire and Nottinghamshire. IGas, which already produces conventional oil and gas in the region, said it hoped to see up to 15 fracking sites in use over that period. CEO…


ExxonMobil to release fracking environmental impact data

US oil major ExxonMobil has agreed to be more transparent about the environmental impact of its shale gas extraction practices amid shareholder pressure from New York City’s pension fund, among 13 others, which holds a billion-dollar stake in Exxon Exxon Mobil will begin releasing information about the environmental impact of hydraulic fracking in the coming…