China’s Sinopec Corp has started building a base for research into shale gas near its largest commercial discovery of the fuel, an industry website reported on Wednesday. The company, looking to cement its position as China’s leading shale gas developer, plans to spend 339 million yuan ($49 million) building the facility near its Fuling shale…Details
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,…Details
Sinopec’s Fuling shale gas field produced 3.054bn m³ of gas during the first seven months of the year, up 161% from the same period last year with sales of 2.932bn m³, which was also higher by 161%. CNPC mentioned these numbers on August 25 in a report on China’s shale gas development. The report stated that Fuling shale gas…Details
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…Details
As recently as last year, only four countries in the world were producing commercial volumes of either natural gas from shale formations (shale gas) or crude oil from tight formations (tight oil): the U.S. and Canada, and more recently, Argentina and China. Beyond these four countries, other countries have started exploring hydrocarbons from shale and…Details
Chongqing has set up China’s first industrial fund for shale gas, according to the Ministry of Land and Resources. Chongqing Shale Gas Industry Investment Fund has capital of RMB 1 billion ($161 million) and will be involved in investment and consulting. Chongqing aims to have a shale gas production capacity of 15 billion cubic metres…Details
Sinopec, the world’s second-biggest oil refiner, is on the hunt for minority investments in U.S. shale oil and gas projects as it seeks to diversify China’s supply sources, a senior company official said. The Chinese state energy firm is keen to take a 10-15% stake in projects to export liquefied natural gas (LNG), said Jack…Details
The China Geological Survey (CGS) intends to spend RMB 680 million ($110 million) on surveys of domestic shale gas resources this year, the organisation said on Tuesday at the launch of a 2014 resource survey report. It said the South Qijiang Block in Guizhou is expected to be China’s second commercial shale gas project after…Details
China’s government appears to be planning a major restructuring of its petroleum industry that would force state-owned giants to sell their pipeline networks. The limited breakup of the oil and gas monopolies under consideration by the National Development and Reform Commission (NDRC) would establish pipeline operators as independent businesses to ensure competitive access, Bloomberg News…Details
A new shale gas transmission pipeline has started operations in southwest China’s Chongqing municipality, Sinopec said.
The 136 km pipeline links Sinopec’s Fuling shale gas block in Chongqing to the Sichuan-Shanghai Pipeline and has a capacity of 6 bcm/y, allowing the company to sell shale gas to eastern coastal provinces.