ConocoPhillips halts shale operations in China for commercial reasons

The world’s largest independent pure-play exploration and production company, ConocoPhillips, has announced its withdrawal from shale operation in China. According to Xinhua Finance, the company has ended both the joint shale gas exploratory work with PetroChina in Dazu block within Neijiang County of southwest Sichuan province, as well as exploration with Sinopec in Zuanjiang County…

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China’s elusive shale gas boom: NOC’s to the rescue?

In the coming decade, China’s natural gas market is expected to undergo robust growth fueled by a number of environmental and economic drivers. A much discussed natural gas strategy for China is to develop its shale gas resources – an unsurprising choice given that the country is home to the largest technically recoverable shale gas…

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China’s shale challenges come into sharper focus

At recent conferences in Shanghai and Beijing, Chinese Government officials voiced confidence in meeting targets for the new natural gas technology in the near term. But a host of problems surfaced for producing larger volumes of gas to fulfil the government’s longer-term forecasts. Speaking at an industry workshop in Beijing, National Energy Administration (NEA) vice…

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China’s CNPC pins hopes on Sichuan shale gas exploration

Despite reports on the possible withdrawal of Royal Dutch Shell, China National Petroleum Co (CNPC) has reiterated its commitment to the exploration of shale gas in Sichuan. It will sink 13 billion yuan ($2.1 billion) into the project in 2014 and 2015, thereby boosting the province’s shale gas output to 2 billion cubic meters next…

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