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China’s CNPC and Sinopec face tough hurdles in race to meet national shale gas targets

China National Petroleum Corporation (CNPC) has teamed up with three parties to accelerate its shale gas exploration in Chongqing with the aim of competing with fellow state-owned rival Sinopec. The Chongqing Administration of Land, Resources and Housing (CALRH), CNPC, State Development & Investment Corporation (SDIC) and Sinochem Corporation formally agreed to work together to exploit…

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Shale will help deliver 55,000 extra jobs to the US oil capital of Houston

A report co-authored by the Greater Houston Partnership and HSBC Bank USA finds that the benefits of the shale energy revolution are poised to continue in Houston, Texas, extending far beyond just the jobs on the wellpads. The study, “Houston’s Next Boom: Exporting Innovation,” analyzes the combined impact of the surge in energy-related exports and…

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Fracking in US forests ‘neither benign nor catastrophic’: Monitoring report

The Pennsylvania Department of Conservation and Natural Resources’ Bureau of Forestry, the steward of the state’s 2.2 million-acre state forest system, has released a comprehensive 268 page Shale-Gas Monitoring Report that concludes: “First and foremost … shale-gas production on state forest lands is neither benign nor catastrophic”. The Bureau established a Shale-Gas Monitoring program in…

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GE to partner with Devon Energy in tech development at new Oklahoma facility

GE Oil & Gas and exploration and production company Devon Energy signed a technology collaboration agreement to drive innovations to boost the performance and economics of unconventional oil and natural gas projects. The new agreement was announced at the groundbreaking ceremony for GE’s new Oil & Gas Technology Center in Oklahoma City. The center will…

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Kentz’s Valerus acquisition boosts its South Africa shale-energy hand

The Africa divison of London-listed engineering and construction group Kentz says it is strongly positioned for shale-gas extraction activity in South Africa, following the acquisition of integrated oil and gas services firm Valerus, of the US. The South African government has said it intends putting in place the regulatory framework to facilitate shale-energy exploration and…

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