Global Oil & Gas Outlook: Prices to Remain Stable in 2018

  At the end of 2016, all eyes were on OPEC, which had signed a historic deal to curb oil production in an effort to rebalance the market. The deal sent oil prices climbing in 2017, and they reached a two-year high in Q4. However, gains were limited due to an increase in US shale production.

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Africa Oil & Gas: SA has insufficient skills for development of a shale gas industry

There are insufficient skills in South Africa to support the development of a shale gas industry, South African National Energy Association secretary general Dave Wright said at a national shale gas conference, in Port Elizabeth, on Friday.

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Africa Oil & Gas: South Africa reviewing five shale gas exploration applications

Recommendations for South Africa’s first shale gas exploration licences in the semi-arid Karoo basin will be finalised soon, after environmental objections delayed the process, a senior government official said on Monday, according to a report by Reuters quoted by Rigzone.

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Global Oil & Gas: LNG will eventually face impacts from rising shale-gas output in China

Shale-gas development in China is likely to influence LNG imports but such an impact is limited at present and will then build up only gradually.  In the bigger picture, depending on the actual stage of shale gas development, China’s pipeline gas imports as well as overall gas supply will be affected as well, according to a report by the consultancy FACTS Global Energy.

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Global Markets: Coal oversupply keeps pushing prices down

In 2014, coal oversupply persists and very low coal prices continued to dominate. For a few years, the focus of coal producers was to expand production. New capacity was constantly added and demand led by China consumed every additional tonne.

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You Should Know This: Anglo American looking to sell assets amid low prices, labour woes

South African mining major Anglo American has put a number of assets up for sale in a bid to boost returns for shareholders. The miner is looking to sell a number of platinum assets, as well as a copper miner and holdings in nickel companies. These could fetch as much as $4 billion, according to media reports.

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