A lengthier recession awaits if we don't take drastic measures to save the economy in a Covid-19 world, writes Mbhazima Shilowa.
High level clouds. Warm.
The Supreme Court of Appeal has heard arguments by Agri Eastern Cape, regarding the legality of technical regulations for fracking previously promulgated by the Minister of Mineral Resources.
Agri SA has launched court proceedings against the granting of environmental authorisations and exploration rights for shale gas to Rhino Oil & Gas.
Sasol could sell off as much as $1 billion (R13.85 billion) worth of noncore assets, including its Canadian shale gas assets, Sasol chief financial officer Paul Victor said this week.
The Karoo region potentially holds shale gas that could transform the energy economy, but given the uncertainties around exploration, what's the next logical step, asks Professor Robert Scholes.
Government intends to pursue the exploration of shale gas, but will consult widely with communities and stakeholders when doing so, says Mines Minister Mosebenzi Zwane.
If exploration for shale gas goes ahead in the Karoo, only 60 to 900 jobs will be created, and it is not going to add much value to the economy, this according to CSIR.
A report shows that creating sustainable employment opportunities for the people of the Karoo seems highly unlikely.
Even though South Africa has significant potential for shale gas development, little progress has been made in exploiting these resources, a report has revealed.
Recoverable gas reserves from both onshore shale and offshore gas fields have been seen at around 19.5 trillion cubic feet, says a senior energy official.
The Department of Mineral Resources is expected to publish regulations which will govern the exploration process for shale gas in the Karoo soon.
At the same time, he added, the fact that SA has an abundance of coal reserves cannot be ignored, especially since the price of coal remains relatively low.
The US has become a serious contender as the world's largest oil producer.
Farmers have put the brakes on fracking in the Karoo for now, as the mining ministry mulls whether it should appeal a court ruling that declared fracking regulations invalid.
A new oil refinery will aid SA’s industrialisation and make it less reliant on imports which are highly exposed to foreign exchange fluctuations, says the Energy Department.
Shell has confirmed it will invest $300m to develop a shale oil and gas reserve in southern Argentina.
A KPMG report on the economic benefits for fracking in SA is speculative and does not reflect the true nature of shale-gas drilling and its economics, explains the WWF.
Although brent crude prices have risen, the oil price is still low compared to historical levels. Experts share what the low oil prices say about the global economy and its slow growth.
Experts discuss the potential of SA's gas reserves as a source of energy in the future. However there are challenges hampering exploration.
Two landmark events this month will underscore the extent to which the oil market's balance of power has been transformed by the shale revolution.
Booming US shale output, which helped spark slumping oil prices, will continue over the next 20 years but start to slow, forecasts BP.
Cape TownMass Staffing ProjectsR400 000.00 - R600 000.00 Per Year
Cape TownTumaini ConsultingR540 000.00 - R800 000.00 Per Year
Cape TownProfessional Career ServicesR10 000.00 - R12 000.00 Per Month
R 5 750 000
R 6 950 000
Apartments / Flats
R 9 950 000
We subscribe to the Press Code.
You choose what you want
News24 on Android
Get the latest from News24 on your Android device.
Terms and Conditions
24.com Terms and Conditions - Updated April 2012
Creating your profile will enable you to submit photos and stories to get published on News24.
This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.