Jan de Nul Finds Lucrative Side Business Selling Dredged Sand for Argentina’s Shale Push
Sand shoveled out of an Argentina river used to transport soybeans will soon reappear 1,100 kilometers (700 miles) away in the country’s booming shale fields. Tecpetrol SA, part of billionaire Paolo Rocca’s empire, has started buying sand that Belgium’s Jan de Nul hauls from banks on the Parana River to frack for natural gas in Vaca Muerta, a Maryland-sized shale formation in Patagonia. For Jan de Nul, which has been dredging the river since 1995 to make room for soy cargoes, the shale industry is emerging…
Oil found in Uruguay by Petrel
The former Molopo Energy boss Stephen Mitchell and former Eastern Star Gas chief David Caseys’ latest venture is to test the Uruguayan nation’s onshore shale potential. So far it is off to a promising start as it’s at the forefront of efforts to test at this point. Yesterday Petrel Energy confirmed the existence of oil generation from drilling on its ground in the South American nation’s Norte Basin. The chief executive who is also the biggest shareholder of the company with a 9.2% stake, Mr Casey,…
