China will likely beat 2015 shale gas target with Fuling site find, but 2020 target still ‘a stretch’

China may exceed its 2015 shale gas national production goal, as a new project in the nation’s southwest and the promise of new investment leave government targets looking outdated, according to a report in Bloomberg Businessweek. China Petrochemical Corp., the parent of the listed company known as Sinopec, agreed last week with local government to…


South Africa shale gas potential still not quantified – Shell

Royal Dutch Shell says there is no certainty that fracking for shale gas in South Africa’s Karoo region will be economically viable. Niall Kramer, Shell’s upstream manager, told delegates at a roundtable discussion on fracking on Monday that only once the oil company had completed exploration work would it be able to assess whether fracking…


Small earthquakes in Ohio, US possibly due to shale drilling

A series of small earthquakes on Monday brought shale gas drilling to a standstill in Mahoning County, Ohio and reinforced concerns about the seismic consequences of hydraulic fracturing, according to report in business magazine Forbes. The National Earthquake Information Center of the U.S. Geological Survey recorded four earthquakes with magnitudes over 2.2 on the Richter…


India talks to US about getting shale gas and LNG

India will seek greater collaboration in energy with the US, particularly in shale gas and LNG, according to a report in Calcutta’s The Telegraph. US energy secretary Ernest Moniz is expected to meet India’s Planning Commission deputy chairman Montek Singh Ahluwalia and oil ministry officials for discussions, which were postponed following the logjam in bilateral…


Sasol keen to farm into Shell’s shale acreage in South Africa’s Karoo region

South African petrochemicals group Sasol Ltd is keen to invest in a domestic shale industry once it gets off the ground, its CEO said, in a potential challenge to oil major Royal Dutch Shell. South Africa’s cabinet proposed new regulations to govern exploration for shale gas late last year after it lifted a 2012 moratorium…


BG Group, Drillsearch expand shale gas exploration in Australia

BG Group has expanded its unconventional gas exploration venture with Drillsearch Energy in Australia’s Cooper Basin, which is targeting gas that could be used in an expansion of its $20.4bn Queensland LNG project. Drillsearch Energy has lifted its capital expenditure guidance as it expands its work program in a gas venture in central Australia. In…


India’s IOC confirms purchase of 10% stake in Petronas’ shale gas, LNG project in Canada

State-run Indian Oil Corporation (IOC) has confirmed that it has signed a long-romoured deal to buy 10% stake in Malaysian firm Petronas’ shale gas and liquefied natural gas (LNG) project in British Columbia for $900 million. As part of the transaction, Indian Oil Corporation Ltd will offtake 1.2 million tons of LNG a year, 10%…