South Africa May Tap Shale Gas Reserves
Bloomberg reported that South Africa's Energy Minister is considering allowing the country's shale gas reserves to be tapped, a process that has been banned in France and Bulgaria.
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Uzbekistan to Begin Supplying Gas to China
Reuters reported that this year, once legal issues are settled, Uzbekistan plans to begin pumping gas to China using a pipeline that crosses three Central Asian states. Turkmenistan is currently the only supplier using the pipeline.
Tullow CEO Says Kenya May Have Greater Oil Potential Than Uganda
Bloomberg reported that Aidan Heavey, CEO of Tullow Oil plc (LSE:TLW), believes Kenya may have more oil potential than Uganda, although as yet Kenya has no proven reserves.
Ugandan Oil Boom Approaching
Bloomberg reported that according to Patrick Bitature, Chairman of the Uganda Investment Authority, Uganda licensed 62 investment projects during the first quarter of 2012. Oil is one of the sectors that received the highest value of planned investment.
Total Plugs Gas Leak, Sees Rise in Shares
Reuters reported that shares in Total SA (NYSE:TOT) rose more than two percent on the news that the company had plugged a well at its North Sea Elgin platform that had been leaking for seven weeks.
India Plans to Reduce Oil Imports from Islamic Republic
The Wall Street Journal reported that India's junior oil minister has said that the country plans to reduce oil imports from the Islamic Republic by eleven percent this fiscal year.
Ukraine to Attempt Escape from Russian Gas Dependence
The Wall Street Journal reported that Ukraine Prime Minister Mykola Azarov said that over the next three years the country plans to increase its natural gas production by up to 20 percent in an attempt to mitigate dependence on Russia. As quoted in the market news: The comments reflect the increasingly difficult balancing act for [...]
Total Takes Action on Gas Leaks
Bloomberg reported that yesterday Total SA (NYSE:TOT) stopped a gas leak in Nigeria and this week expects to halt a leak in the North Sea that began on March 25. There is not yet a date for when operations in Nigeria will restart.
Australia Suggests Oil and Gas Exploration Locations
Bloomberg reported that the Australian government has put forward 27 areas that could be explored for oil and gas. The locations suggested are off the coasts of the Northern Territory, Western and South Australia, and Victoria and Tasmania.
Bulgaria and Greece to Build Pipeline for $258 Million
Bloomberg reported that Bulgaria and Greece are planning to complete construction of a pipeline that will cost $258 million and will connect the countries' natural gas grids by 2015.
