• 4 minute Hey Oil Bulls - How Long Till Increasing Oil Prices and Strengthening Dollar Start Killing Demand in Developing Countries?
  • 8 minutes Could oil demand collapse rapidly? Yup, sure could.
  • 15 minutes Oil and Trade War
  • 5 hours Oil prices going down
  • 20 mins Could oil demand collapse rapidly? Yup, sure could.
  • 2 hours Migrants: Italy Wants EU Border Agency In Africa, Not At Sea
  • 1 min Are EVs Safer Than Combustion Engine Vehicles?
  • 9 hours Sabotage at Tesla
  • 2 hours What If Canada Had Wind and Not Oilsands?
  • 17 hours Oil and Trade War
  • 2 hours Sell out now or hold on?
  • 4 hours Trump Hits China With Tariffs On $50 Billion Of Goods
  • 16 hours Germany Orders Daimler to Recall 774,000 Diesel Cars in Europe
  • 19 hours Russia and Saudi Arabia to have a chat on oil during FIFA World Cup - report
  • 13 hours The Wonderful U.S. Oil Trade Deficit with Canada
  • 5 hours After Three Decade Macedonia End Dispute With Greece, new name: the Republic of Northern Macedonia
  • 3 hours Nopec Sherman act legislation
  • 5 hours The Irrelevance Of BTU Rating - Big Oil's Gimmick To Hoodwink The Public
  • 17 hours venezuala oil crisis
Alt Text

The Permian Faces A Long Term Natural Gas Crisis

Bottlenecks in the Permian have…

Alt Text

Trump’s Tariffs On EU Are Great News For Russia

Souring trade relations between the…

Alt Text

Azerbaijan’s Pipeline Conundrum

Azerbaijan’s European pipeline project is…

Editorial Dept

Editorial Dept

More Info

Trending Discussions

SOUTH AFRICA: Shale Gas Permits Remain Elusive

Bottom Line: Despite high hopes, South Africa shale gas permits are not likely to be forthcoming this year for E&P companies, bound up as they are in a wash of legal appeals by environmental groups.

Analysis: While the South African government is moving to pave the way for the issuance of shale gas permits, having lifted the moratorium on hydraulic fracturing in September, challenges in court by environmentalists are certain to delay this process and keep permits on hold for the time being.

In 2011, Shell applied for permits to drill 24 exploratory wells in western South Africa, at Karoo, which is estimated to hold up to 485 trillion cubic feet of shale resources. But moratorium-lifting aside, the process is far from over. It won’t be until July that the government completes its draft study on fracking, which then will be brought up for public consultation. The public is definitely not fully on board, either, with fairly strong environmental groups supported by landowners, opposed and vowing to fight the process.

Recommendation: Companies like Chevron and partner Falcon Oil & Gas Ltd. (FO), which says it expects to start exploration in the second half of this year, are being overly optimistic in the face of their shareholders. The regulations are not yet in place for fracking, though the moratorium has been lifted, and we believe environmental groups will successfully challenge the process for some time. While these groups are not likely…

To read the full article

Please sign up and become a premium OilPrice.com member to gain access to read the full article.

RegisterLogin

Trending Discussions





Oilprice - The No. 1 Source for Oil & Energy News