Reuters: Deals: Shell gets China's 1st shale gas deal

Reuters: Deals Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Shell gets China's 1st shale gas deal Mar 22nd 2012, 01:21 Tweet Share this Email Print Related News Insight: Natural gas pain is oil's gain as frack crews head to North Dakota Mon, Mar 19 2012 UPDATE 2-China eyes tech breakthrough before shale gas leap Fri, Mar 16 2012 Appalachia banks on natural gas, chemical plants Mon, Mar 12 2012 Exxon CEO says more fracking rules hinder development Fri, Mar 9 2012 Insight: Conflict looms in South China Sea oil rush Tue, Feb 28 2012 Analysis & Opinion Investors ill-served by crude accounting standards Shell pays up for a foothold in Mozambique gas Related Topics Deals » Global Deals Review: 2011 Q3 » Global Deals Review: 2011 Q2 » Global Deals Review » Inflows Outflows » A Shell logo is seen at a petrol station in Ankara March 6, 2012. Credit: Reuters/Umit Bektas BEIJING | Wed Mar 21, 2012 9:21pm EDT BEIJING (Reuters) - Royal Dutch Shell (RDSa.L) said it has signed a production sharing contract with China National Petroleum Corporation (CNPC) for developing a shale gas block in southwestern Sichuan province, the first such deal in China. Shell has already done some exploration works on the Fushun-Yongchuan block that covers 3,500 square kilometers. "Shell will apply its advanced technology, operational expertise and global experience in the project to jointly develop the shale gas resources with CNPC," the Anglo-Dutch firm said in a release on its website, without giving any further details. (www.shell.com) China is at the very early stage to tap its shale gas resources and the government wants to identify the right technology to unlock its potentially large shale gas resource in the next few years, aiming for a leap in shale production by 2020. (Reporting by Jim Bai and Chen Aizhu; Editing by Himani Sarkar) Global Deals Review: 2011 Q3 Global Deals Review: 2011 Q2 Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions