Like a dog with a bone, we can't resist shale gas stories. It will never happen here the UK energy experts say, as Statoil, BP, Eni and BG buy up US gas producers.
Latest of the companies investing in "unconventional" gas in North America is the Abu Dhabi National Oil Corporation
Abu Dhabi National Energy Company rose by 2.1 per cent to Dh1.4. The company said on Monday its Canadian unit bought 10,000 hectares of land containing shale gas in Horn River for $56 million
Now why would the world's fourth largest oil producer which exports 2.8 million barrels a day ( or $1.7 billion PER DAY at US$64) be interested in shale gas? Maybe it will happen there, if not here.
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