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.
Read MoreThere 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.
Read MoreRecommendations 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.
Read MoreShale-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.
Read MoreWorldwide natural gas production is expected to increase from 342 billion cubic feet per day in 2015 to 554 Bcf/d by 2040, according to the U.S. Energy Information Administration.
Read MoreIn 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.
Read MoreSouth 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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