Total began searching for a new joint venture partner to take a share of a shale gas exploration permit in France. The zone covered by the French permit obtained in March 2010, could contain up to 2,380 billion cubic meters of gas, this amount estimated by multiplying the average gas level in the area by the surface area.
Continue reading "French Shale Gas Assets"
Thursday, November 18, 2010
China has an enormous gas market to be filled, both in the short term and long term, where natural gas will account for as much as 12 percent of the primary energy needs over the next decade from the current 3.8 percent. Shell's Chief Financial Officer Simon Henry indicated that the company may invest $1 billion each year in China if PetroChina's two wells in Sichuan province prove they have the potential for commercial gas production.
Continue reading "Chinese Shale Gas Attracting International Investment"
Thursday, August 26, 2010
Shell may spend $50 billion in Australia over the next decade as Europe’s largest oil company continues a shift to gas.
Continue reading "Australian Investment in Gas Projects"
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Monday, January 31, 2011