Rolling the Dice in Chaos: The Prospects of Investment in the Gas Industry
As stated in the Declaration of Malabo at the 5th Summit of Heads of State and Government of the GECF Member Countries, in order to sustain the security of demand and supply of natural gas, it is necessary to ensure sufficient investments through the entire…
US Eyes India for Quantum Leap in LPG Exports
Trump administration trade tariffs on China will need to cease and India will have to rely more on U.S. LPG supplies for the world to clear the quantum leap expected for U.S. LPG exports, says a study.The study of global seaborne LPG trade flows using Kpler…
South Africa Mulls First Shale Gas Exploration Licences
South Africa's government may award its first shale gas exploration licences by the end of September, after environmental objections delayed the process, a senior government official said on Monday. The five licence applications under review are for exploration in the semi-arid Karoo basin.
French Lawmakers Back Shale Gas Ban
Lawmakers in France's lower house of parliament gave preliminary backing on Wednesday for a total ban on shale gas exploration and extraction. However, it is not certain that the ban will go to the Senate and return to the lower house for a final vote before…
BP, CNPC Ink Second Chinese Shale Gas Deal
BP today announced that it has signed a second production sharing contract (PSC) for shale gas exploration, development and production with China National Petroleum Corporation (CNPC). The PSC, signed on 27th July, covers an area of approximately 1,000 square kilometres at Rong Chang Bei in the Sichuan Basin.
France Studying Possible Ban on Import of U.S. Shale Gas
French Energy Minister Segolene Royal said on Tuesday she is investigating legal means to ban the import of shale gas from the United States because France has banned shale gas exploration using hydraulic fracking for environmental reasons. Royal, answering a question in parliament…
BP, CNPC Ink BP’s Gas Production Sharing Contract
BP and China National Petroleum Corporation (CNPC) today signed a production sharing contract (PSC) for shale gas exploration, development and production in the Neijiang-Dazu block in the Sichuan Basin, China. Witnessed by BP Group Chief Executive Bob Dudley and CNPC Chairman Wang Yilin…
South Africa to Start Shale Gas Exploration in Next Year
South Africa will give the green light in the next 12 months to companies looking to explore for shale gas under the semi-arid Karoo basin, the government said on Tuesday, more than six years after firms such as Shell applied for licences. Royal Dutch Shell…
Ineos Buys North Sea Gas field from Russian Billionaire
Swiss chemicals company Ineos has bought all the UK North Sea gas fields owned by the DEA Group, which is in turn owned by Russian billionaire Mikhail Fridman's investment fund LetterOne, the companies said on Sunday. In April, Britain's Energy Ministry…
Romania's Romgaz Steps Up Conventional Gas
Romania's biggest gas producer Romgaz does not plan to tap shale gas exploration in the next few years, but will invest heavily in conventional wells using its existing financial resources, it said on Tuesday. "We always stressed our base activity is conventional exploration…
UK Offers New Shale Gas Sites
Britain offered 27 new onshore oil and gas blocks, including for shale gas exploration, on Tuesday, giving developers of the unconventional resource the chance to snap up new sites for the first time in seven years. The licensing round, which had been delayed since the start of the year…
Conoco Stops Shale Gas Exploration in Poland
ConocoPhillips, the U.S. energy company, is withdrawing from shale gas exploration in Poland as it has not encountered commercial volumes of the gas, the company said on Friday. ConocoPhillips said its subsidiary Lane Energy Poland has invested around $220 million in Poland since 2009.
South Africa Prepares to Give Shale Gas go ahead
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…
UK Shale Gas Firm Cuadrilla Appoints New Chairman
British shale gas company Cuadrilla Resources has appointed board member Roy Franklin as chairman with immediate effect, the firm said on Wednesday. Franklin will replace former BP boss John Browne who is now chairman of LetterOne, the investment vehicle…
Greenpeace Blocks Total's Danish Shale Gas Project
Greenpeace activists climbed a shale gas drilling rig operated by Total in Denmark on Monday, and the French energy company has asked police for help, an official at Total Denmark said. The head of local police in northern Denmark, John Lamp Henriksen,…
Shell Pulls Back from South African Shale
Royal Dutch Shell is pulling back from its shale projects in South Africa due to lower energy prices although it is still seeking an exploration license for the onshore Karoo Basin, its country manager said on Monday. A more than halving of crude oil prices…
IGas Strikes Shale Deal with Ineos
Britain's largest shale gas developer IGas has signed a 30 million pound ($45 million) shale gas deal with Switzerland's Ineos which gives the latter access to shale sites outside of Scotland and brings IGas another partner to fund its projects. As well as a 30 million payment…
Shale Gas Drillers have to Consider Cumulative Impact
The European Union's top court has clarified EU rules on shale gas exploration in a judgment that could require some member states to change their legislation, lawyers said. The court confirmed impact assessments are not obligatory, but could be required depending on particular circumstances.
Chevron to Stop Shale Gas Exploration in Poland
U.S. energy major Chevron Corp said it will stop exploring for shale gas in Poland, a sector that has failed to live up to its early promise of transforming eastern Europe's energy supplies. Chevron's Polish unit "has decided to discontinue shale gas operations…
Ineos to Add Talent to Support North Sea Expansion
North Sea oil and gas would supply INEOS plants in Europe; advertised positions include CEO, geologist, engineer. Swiss-based petrochemical and refining company Ineos is looking to expand into North Sea oil and gas production by hiring a number of senior and mid-level staff, its website showed on Monday.
