South Africa's Petroleum Agency expects to make its recommendations on the first two of five shale gas exploration license applications by early May, the acting chief executive said on March 8.
"The two we are making recommendations on are Falcon and Bundu," Lindiwe Mekwe told Reuters after government said they expected exploration to start in the next financial year.
The regulator is also considering applications from Shell (NYSE: RDS.A) and two other companies, Mekwe said. Once recommendations have been made it will be down to the minister of mineral resources to make a final decision on granting licenses.
Drillers cut nine oil rigs in the week to March 22, bringing the total count down to 824, the lowest since April 2018, Baker Hughes, a GE company (NYSE: BHGE), said in its weekly report.
The independent U.S. energy producer aims to take a final investment decision on the $20 billion project in the coming months, having signed up long-term buyers for its LNG.
Alabama. Florida, Illinois, Indiana, Kentucky, Michigan, New York, Ohio, Pennsylvania, Virginia and West Virginia