Latest news
Shell to enter East Africa’s huge gas market
A subsidiary of Royal Dutch Shell, Shell Bidco announced its intention to acquire Cove Energy, a Mozambique-focused exploration group, for $1.8bn, as the giant aims to access East Africa’s huge gas reserves.
read more... 26/04/2012
Ireland finds the first viable oil field
Irish exploration company Providence Resources has recently announced that it has found the Republic’s first viable oil field at 70 km off the Cork coast.
read more... 20/03/2012
Poland: Fracking well test shows no harm to environment
Drilling at Poland’s first shale gas exploration well using the controversial technique known as hydraulic fracking did not harm the environment and did not cause any tremors, showed the Polish government study published on Friday.
read more... 05/03/2012
BG Group to make a huge investment in Tanzania gas exploration
British gas and oil firm, BG Group is planning to invest up to $20 billion to extract gas in Tanzania, which is Africa's second-biggest economy.
read more... 24/02/2012
Bulgaria becomes the second country in the world to ban shale gas exploration
The Bulgarian parliament has banned the hydraulic fracturing technique, becoming the second country after France to impose a moratorium on the practice.
read more... 15/02/2012