China
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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.
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The world’s largest emissions trading market will probably start slowly.
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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.
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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.
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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.
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Includes oil ports, refineries, and storage facilities; crude and refined product pipelines; coal and nuclear power plants; and EV battery factories.
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Success at the Fuling gas field in southwestern China will play a major role in the country's energy agenda.
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In striving to boost production of shale gas and tight oil, China is trying enhanced-hydraulic-fracturing technology and real-time data analysis in the Sichuan shale basin. In Daqing’s tight-oil fields, an alternative fracture-completion strategy and post-stimulation flowback technology has been tested.
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Sinopec is moving on to Phase 2 at its Weirong shale-gas development in Sichuan province after having completed Phase 1 by drilling 56 new wells over the past year and building new infrastructure to support increased natural gas production.
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China independent distributor Jiasheng Gas Co. is set to build a $380-million LNG storage and receiving facility in east China, as the country opens up to more private participation and investments surge in LNG import terminals.