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Hello and welcome to
Shale World Weekly Round Up!
I am Cristina Lando
and each week I'll bring you a
snippet of content straight from our blog.
To start with,
this week we show you some of the
top 10 key facts about shale gas
in South Africa.
South Africa has one of the
largest shale gas resources in the world.
The trade and industry minister Rob Davis,
described shale gas as
"a very significant game-changer
in terms of the energy situation
in South Africa".
The main reserves are
located in the Karoo Basin.
Environmentalists claim that fracking
may damage the stunning
landscape of the Karoo.
Activists are also concerned about
water management as the Karoo
is a particularly dry area.
Although no exploration permits
have been issued yet,
numerous oil and gas companies
such as Royal Dutch Shell,
have already applied for
exploration rights in the Karoo Basin.
To find out the other
key aspects about shale gas
in South Africa, click the link.
Moving forward
A recent study by IHS shows
that global tight oil resources,
beyond North America, are huge.
The study reveals 23 plays
-- out of 148 analysed --
can be significant areas for
tight oil commercial developments.
The report takes into account
key geological and geochemical
characteristics such as thickness,
lithology, porosity etc.
To read more about the next
tight oil revolution, click the link.
Let's move on to the next story.
The Guardian reports that the head
of the British Chambers of Commerce,
Mr John Longworth, said
"we have to frack like mad"
as shale gas is a great opportunity
to help the economy to grow.
However, anti-fracking activists
continue their campaigns against
shale developments in the UK.
Frack Free Fernhurst has recently
used a barrage balloon with
'NO' written on it,
in opposition to Celtique Energie's
proposed drilling activities
in Fernhurst, West Sussex.
Activists in Britain fear
shale gas operations may
damage the South Downs National Park,
recognised as an area of
outstanding beauty.
To know more about this story click here.
A key vote, on whether to include
shale gas fracking in an update
EU Environment Impact Assessment
Directive, will take place during
the European Parliament
first session in October.
The draft proposes compulsory
environmental analysis for
unconventional operations.
What will Brussels' outcome be?
Let me know your thoughts on the link.
This week we also feature
an interesting video about
McKinsey partner Scott Nyquist
discussing the US growth
opportunity in shale oil and gas.
This is the end of
today's News Roundup.
Thanks for watching.
I will see you again next
week with lots more from Shale World!