INDUSTRY NEWS

ECF China Shale Weekly Review - Aug 9th

Energy China Forum releases weekly review of China shale gas and oil updates every Sunday. For more China shale gas and oil information, please contact ECF editor. Policy & Industry1. New proven shale gas reserves increased significantly in 2019, China stepped up shale gas development last year, as the country looks to fall back on unconventional output to drive natural gas production growth. Newly proved gas reserves fell by 2.7pc to 809bn m³ in 2019 from a year earlier after a larger increase the previous year. But of 2019's incremental proved gas reserves, shale gas made up over 90pc of the

China Exploration China Shale Gas 2020-08-10

ECF China Shale Weekly Review - Aug 2th

Energy China Forum releases weekly review of China shale gas and oil updates every Sunday. For more China shale gas and oil information, please contact ECF editor. Policy & Industry1. New proven shale gas reserves increased significantly in 2019, Ministry of Natural Resources: China's investment in oil and gas exploration and exploitation increased significantly in 2019, and exploration investment reached the highest in history. The new proven reserves of shale gas were 764.24 billion cubic meters, a year-on-year increase of 513.1%. The new reserves came from CNPC’s Changning shale gas field,

ECF China Shale Gas 2020-08-03

ECF China Shale Weekly Review - Jul 26

Energy China Forum releases weekly review of China shale gas and oil updates every Sunday. For more China shale gas and oil information, please contact ECF editor. Policy & Industry1. The total investment is 990 billion! The construction of "New Daqing" in Sichuan, On July 14, the Development and Reform Commissions of Sichuan and Chongqing and the Energy Bureau formally signed the "Cooperation Agreement on Jointly Promoting the High-quality Development of Energy Integration of the Chengdu-Chongqing Double-City Economic Circle" in Chongqing. This is the first time that the energy authorities of

ECF China Shale Gas 2020-07-27

ECF China Shale Weekly Review - Jul 19

Energy China Forum releases weekly review of China shale gas and oil updates every Sunday. For more China shale gas and oil information, please contact ECF editor. Policy & Industry1. Domestic oil and gas production double up in the first half of 2020, The National Bureau of statistics released energy production data for the first half of the year today. In the first half of this year, domestic crude oil production increased slightly, while natural gas production maintained a rapid growth.In the first half of the year, China produced 97.15 million tons of crude oil, up 1.7% year-on-year; proce

ECF China Shale Gas 2020-07-20

ECF China Shale Weekly Review - Jul 12

Energy China Forum releases weekly review of China shale gas and oil updates every Sunday. For more China shale gas and oil information, please contact ECF editor. Policy & Industry1. Ministry of Finance: 30% reduction of shale gas resource tax and 50% reduction of coal replacement tax, On July 3, the website of the Ministry of Finance issued an announcement on the continued implementation of preferential policies for resource tax. 30% reduction of shale gas resource tax and 50% reduction of coal replacement tax. From April 1, 2018 to March 31, 2021, shale gas resource tax will be reduced by 3

China Shale Gas 2020-07-13

Sinopec Southwest Petroleum Bureau's natural gas output exceeded 3 billion cubic meters in the first half of the year

As of June 30, Sinopec Southwest Petroleum Bureau confirmed 100 billion cubic meters of proven natural gas reserves in the first half of the year, with a cumulative production of 3.2 billion cubic meters of natural gas, equivalent to the annual gas consumption of 16 million households.

Sinopec China Shale Gas 2020-07-10

Sinopec East China Petroleum Bureau has built a new shale gas production capacity of 300 mcm in the first half of the year

On July 3, the East China Petroleum Bureau Chongqing Nanchuan Shale Gas Field Dongsheng Dehydration Station sold shale gas daily at 3 million cubic meters. From January to June, East China Petroleum Bureau shale gas has a new natural gas production capacity of 310 million cubic meters, with a cumulative production of 481 million cubic meters of natural gas. Shale gas production and sales have produced more than 2 million cubic meters from the epidemic, and reached more than 3 million cubic meters by the end of June. , Showing a "V" trend.

Sinopec China Shale Gas 2020-07-09