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BASF partners with China BlueChemical and Wuhuan Engineering to develop new technology for use of CO2-rich marine gas

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BASF has signed a joint development agreement with China BlueChemical Limited Company, a leading natural gas producer, and the chemical engineering company Wuhuan Engineering Co., to promote low-carbon development and utilization of marine gas resources.

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Sinopec proves 100-billion-cubic-meter natural gas reserve in Sichuan Basin

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Sinopec (China Petroleum & Chemical Corporation) has proved another 34.029 billion cubic meters of natural gas at the Zhongjiang Gas Field, bringing the total known natural gas reserves in the Sichuan Basin to 106.1 China’s NOCs produced an estimated 6.3 Tcf for shale gas, and less than 0.6 Background.

Gas 186
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EIA ups total shale oil resource estimate by 13% to 419B barrels, shale gas by 4% to 7576 Tcf

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The US Energy Information Administration (EIA) continues to expand its assessment of technically recoverable shale oil and shale natural gas resources around the world. Each of the countries has an existing oil and natural gas industry with infrastructure connecting the basins to global markets.

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New EIA report boosts estimates of global recoverable shale oil resources 10-fold to 345 billion barrels

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Map of basins with assessed shale oil and shale gas formations, as of May 2013. Among the highlights in the 2013 report is a 10-fold increase in the estimate of technically recoverable shale / tight oil from 32 billion barrels (from the EIA’s Annual Energy Outlook 2011 ) to 345 billion barrels. Source: US EIA. Click to enlarge.

Oil 281
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Cummins & Sinopec launch JV to produce and promote green hydrogen technologies in China

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and China Petrochemical Corporation (Sinopec Group) have formed a 50:50 joint venture: Cummins Enze (Guangdong) Hydrogen Technology Co., Cummins Enze, located in Foshan, Guangdong Province in China, will initially invest $47 million (RMB 300 million) to locate a manufacturing plant to produce proton exchange membrane (PEM) electrolyzers.

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China’s CNOOC to acquire Canada-based Nexen for $15.1B; offshore oil and gas, oil sands, and shale gas

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CNOOC Limited—China’s largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world—is acquiring all of the Common Shares of Canada-based energy company Nexen Inc. billion cash. The price represents a premium of.

Oil-Sands 325
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Haldor Topsoe and Yanchang form joint venture and build methanol catalyst facility in China

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Together, the two companies will build a production facility in Shaanxi Fupin in China to produce methanol synthesis catalysts. The year of 1907 saw the foundation of the first oil well in mainland China by Yanchang. The year of 1907 saw the foundation of the first oil well in mainland China by Yanchang.

China 243