【ECF News】China's definition for shale gas, tight oil and shale oil

I. Shale GasStandard: National Standard GB/T31483-2015 "Shale gas geological evaluation method", issued by the General Administration for Market Regulation and the Standardization Committee of China in May 2015.Definition: The shale gas is mainly composed of free or adsorption state natural gas in the organic-rich shale interval. The main body is self-generated and self-storing, large-area continuous natural gas accumulation. Under overburden conditions, the shale matrix permeability is generally less than or equal to 0.001 mD. Single well generally has no natural production capacity, requirin

2019-11-13

ECF China Shale Weekly Review - November 10, 2019

ECF China Shale Weekly Review - November 10, 2019

【ECF News】China encourages new oil & gas industrial structures to shale oil and tight oil

China's National Development and Reform Commission released "Industrial Structure Adjustment Guidance Catalogue (2019)" on October 30, adding shale oil, tight oil, hydrogen energy, LNG refilling infrastractures to its “encouraging” industry catalogue.The 2019 edition will be implemented on Jan 1, 2020. In 2005, with the approval of the State Council, the National Development and Reform Commission issued the Catalogue (2005). The Catalogue was revised in 2011 and 2013. The implementation of the Catalogue played an important role in strengthening and improving macroeconomic regulation and contro

Import expo shows China is open for business

The United States-China trade war, now in its 16th month, has seen commerce between the world’s two biggest economies nosedive, leading many experts to speculate that economic decoupling is inevitable. Logical though that prediction may seem, it has been confounded from an unexpected quarter – corporate America. There will be more American companies at the second annual China International Import Expo, from tomorrow until the weekend, than there were at last year’s inaugural event, according to the Ministry for Commerce. Talk of decoupling therefore seems a bit premature.Commerce officials hav

China Economy 2019-11-05

China's energy supply maintains steady growth in first nine months

China has posted stronger capability of securing energy supply in the first three quarters of this year, according to the National Energy Administration (NEA) Tuesday.The output of crude oil stood at 143 million tonnes in the Jan.-Sept. period, up 1.2 percent year on year and ending a falling streak for three years in a row, while the natural gas production grew at a faster pace, increasing by 9.5 percent to 127.7 billion cubic meters, said Song Wen, deputy director of the development and planning office of the NEA.In the same period, China added 64.55 million kilowatts of power generation cap

【ECF News】Opportunities in China Shale Gas & Oil - Energy China Forum (ECF) 2019 9th Asia-Pacific Shale Gas & Oil Summit News Release

Energy China Forum (ECF) 2019 9th Asia-Pacific Shale Gas & Oil Summit News Release

ECF China Shale Weekly Review - October 20, 2019

ECF China Shale Weekly Review - October 20, 2019

ECF China Shale Weekly Review - October 13, 2019

ECF China Shale Weekly Review - October 13, 2019

ECF China Shale Weekly Review - September 22, 2019

ECF China Shale Weekly Review - September 22, 2019

ECF China Shale Weekly Review - September 9, 2019

ECF China Shale Weekly Review - September 9, 2019

【ECF News】Observation: China unconventional gas - this new subsidy is not enough

On June 20, the Ministry of Finance announced the Supplementary Notice on the Interim Measures for the Administration of Special Funds for Renewable Energy Development (hereinafter referred to as the “Notice”), and many new regulations on unconventional natural gas subsidies have been released . For example, the subsidy time limit will be extended to 2023, and the subsidies will be extended from shale gas, coalbed methane to tight gas.Hereafter, several key issues has led to extensive discussions among the industry, such as how to calculate the unconventional natural gas utilization amount, ho

ECF China Shale Weekly Review - September 1, 2019

ECF China Shale Weekly Review - September 1, 2019

【ECF News】Sinopec won bidding for China National Energy Administration's study project of shale oil development analysis

According to the announcement released by the National Energy Administration on Thursday, the winning bidder for the second batch of research projects in the 2019 energy strategic planning work was identified.One of the 12 research projects involved the topic of shale oil. Sinopec Petroleum Exploration and Production Research Institute won the bid for the project“China Shale Oil Development Potential Analysis and Work Suggestions”.

2019-08-30

New law gives China’s regions power to tax resources

Chinese legislators have approved a law that will give local governments the authority to tax as many as 164 resources, including fossil fuels, minerals and eventually water, the Ministry of Finance said on Monday.The National People’s Congress, China’s top legislature, approved the resource tax law, which would take effect in September next year, the ministry said.Officials said it would not raise the overall taxes on local companies.Major resources such as crude oil or rare earths would remain subject to a fixed tax rate set by the central government, but local authorities would be able to a

China Policy 2019-08-29

Huadian’s exit puts NOCs in shale gas driving seat

State-owned power utility China Huadian’s exit from shale gas licences it won in late 2012 could prompt other companies to reconsider entering China’s shale gas sector and the wider upstream segment.China Huadian has reportedly handed back acreage that it won in China’s second shale gas exploration licensing round held in late 2012.

China Shale Gas 2019-08-23

ECF China Shale Weekly Review - August 18, 2019

ECF China Shale Weekly Review - August 18, 2019

【ECF News】China NEA Director: Establish "14th Five-Year" Energy Plan ASAP; Accelerate More Oil and Gas Supporting Policies

On August 13, Zhang Jianhua, director of the National Energy Administration, wrote a signed article "Promoting the high-quality development of energy industry in the new era (in-depth study and implementation of Xi Jinping's new era of socialism with Chinese characteristics)" in China's official newspaper People's Daily.The article pointed out that the energy development plan during the "14th Five-Year" and a longer period of time should be established as soon as possible, and the guiding opinions for promoting the high-quality development of the energy industry should be formulated. It is nec

2019-08-14

ECF China Shale Weekly Review - August 4, 2019

ECF China Shale Weekly Review - August 4, 2019

【ECF News】Oil & gas exploration and development in China: why is it difficult for new entrants?

Oil & gas exploration and development is a high-risk industry. Hundreds of millions could be invested with nothing coming out. Therefore, engaging in oil and gas exploration and development requires sufficient financial strength and anti-risk ability, in addition to the corresponding technology and experience. In these respects, many new entrants are seriously inadequate compared with the oil majors.As China's oil and gas system reform continues to deepen, the opening door to oil and gas exploration and development is also widening.From the Ministry of Natural Resources's (formerly the Ministr

ECF China Shale Weekly Review - July 28, 2019

ECF China Shale Weekly Review - July 28, 2019

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