China’s energy giant PetroChina plans to step up shale gas development in the Sichuan province this year, aiming to meet a third of a 2020 government target for the unconventional resource, according to state media and a government official. News agency Xinhua reported that PetroChina will step up drilling in southern parts of Sichuan province,…
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Mitsubishi Heavy Industries will expand its operations related to supplying oil and gas-related machinery in the U.S., where further growth is expected in the shale gas production. The Japanese heavy machinery maker’s U.S. subsidiary, Mitsubishi Heavy Industries America Inc., recently set up a Houston-based unit to oversee production and sales of gas turbines and compressors…
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The base case in BP’s Energy Outlook, released this week, outlines the most likely path for global energy markets to 2035, including an expected 30% growth in consumption with a mix of fuels that becomes progressively lower in carbon Global demand for energy is set to continue to grow over the next two decades as…
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