THE BAD

Finweek English Edition - - IN BRIEF -

Dutch multi­na­tional Shell has pulled out its shale gas team from SA, due to lower oil prices and gov­ern­ment de­lays in is­su­ing ex­plo­ration li­cences, opt­ing to in­vest in more lu­cra­tive op­er­a­tions and op­por­tu­ni­ties around the world. Shell was ear­marked to spend a min­i­mum of R2.5bn on shale gas ex­plo­ration in the Ka­roo.

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