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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Argentina, China lead shale development outside North America

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…

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China mulls sale of state corporation pipelines

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…

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