Australia's Queensland state gives the green light for commercial shale oil projects, aiming to...

|By:, SA News Editor

Australia's Queensland state gives the green light for commercial shale oil projects, aiming to tap reserves estimated at more than 20B barrels. Amid the buzz around Australia's vast offshore gas fields and unconventional resources, international oil majors have been planting flags in parts of central Australia where the geology is similar to the U.S. Eagle Ford and Horn River regions.