Thanks to my friend Nathan for pointing me to this article.
Weatherford has been making inroads in China for some time now with a keen eye on its developing shale market. This Bloomberg article explores the pros and cons of the potential deal.
Argentina may enter a partnership with CNOOC to develop shale assets. The Bloomberg article is not clear if the development will be in China or Argentina…
Halliburton has indicated that it is continuing to evaluate its role in China shales in a recent South China Morning Post article. Thus far, Halliburton has been the least prominent of the major service companies in the China shale arena. They were notably not present at the recent IPTC convention in Beijing this past March.
The South China Morning Post interview with Lamar Duhon, vice-president of business development in Asia, did not say much about their long term plans other than that "Halliburton Read more [...]
Honghua will be showcasing some of its shale gas technology at the Offshore technology conference this year in Houston, reports Business Wire. Honghua has made news lately for partnering with Baker Hughes and Shenhua in separate deals to develop shale gas in China.
I plan to update this post after I attend their booth and speak with a few of their folks.
The Honghua exhibit was a sight at the OTC. On par with the best as far as eye catching and feeling modern. They had a 3D display Read more [...]
Since there has been a lack of official news to report in the past few weeks I thought I would link to a few articles that give their opinions about China shale and its future, impact or issues. I have only posted four because you will get the general idea rather quickly.
Could fracking solve China's energy problems?- The Week
China's shale development faces obstacles- UPI
China struggles to tap its shale gas- The Washington Post
China's shale gas plans debated- SinoShip
Read more [...]
Last month Shell gained approval from the Chinese government to move forward with their development of the Fushun-Yongchuan shale block in the Sichuan province. The signing of the Production Sharing Contract or PSC allows them to begin joint development of their shale block with CNPC.
This is a major milestone for any oil and gas joint venture in China. It is the actual agreement to do long term business together on a project. The Joint Study Agreement or JSA is the initial agreement to Read more [...]