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Iran discovers new shale gas reserves

A National Iranian Oil Company (NIOC) official said that new shale gas reserves have been discovered in west Iran exploration blocks. Iran has also joined the push for shale oil and gas around the globe as NIOC has so far defined four study projects in an attempt to discover shale reserves in Lorestan province and…

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INEOS realigns portfolio, grabs shale gas to boost position as chemical sector giant: IHS Markit

INEOS, a global manufacturer of commodity and intermediate chemicals with annual revenues last year of $40 billion, is poised to strengthen its position as a global chemical industry giant once it realizes the benefits of two major investments. These initiatives include imports of U.S. natural gas liquids (NGLs) and investment in UK shale gas, says…

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China to be world’s 2nd largest shale gas producer by 2040; global shale output to quadruple: EIA

China is expected to produce over 20 billion cubic feet of shale gas per day (Bcf/d) by 2040, becoming the world’s second largest producer after the United States, according to the US Energy Information Administration (EIA). The production will account for more than 40% of the country’s total natural gas production by 2040, the EIA…

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