China

Oil-consuming nations announced a big push to drive down oil prices. Next week, it’s OPEC’s turn to respond to that move.

The paper describes an integrated work flow to apply autonomous inflow-control devices successfully in an offshore heavy-oil reservoir with significant uncertainty in remaining oil thickness and water/oil contacts.

At peak, combined fields should produce more than 12,600 B/D of oil.

Russia is pouring investment into liquefied natural gas projects as it seeks to leverage the world’s largest natural gas reserves together with the logistical advantages of delivering it at a competitive price to Asia and Europe along the now-navigable Northern Sea Route.

China will launch renewables-to-hydrogen projects in Inner Mongolia this autumn intended to transform the coal-bearing region into a renewables hub.

The paper aims to determine the mechanisms of fracturing interference with multiwell pads in shale gas reservoirs and evaluate the effect of interwell fracturing interference on production.

The world’s largest emissions trading market will probably start slowly.

Shell signed a 5-year contract to supply PetroChina with carbon-neutral LNG using carbon credits to offset emissions from Shell’s own emission-reduction project portfolio.

Iraq’s oil minister Ihsan Abdul Jabbar said the country’s state-owned Basra Oil Co. is the likely candidate to buy ExxonMobil’s operator stake in the giant West Qurna-1 oil field.

With Chevron out of the picture, Iraq may turn to China to buy ExxonMobil’s 32.7% stake in West Qurna-1, or it may buy some or all of the stake itself to meet an end of June deadline to complete the sale.