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China Shale

China Shale News

Shell, Sinopec Join Forces for China Shale Development

Shell, Sinopec Join Forces for China Shale Development

Shell has jointed forces with Sinopec for a new joint venture targeting China's unlocked shale deposits, according to a report by Reuters. Both companies confirmed the joint venture,…

CNOOC Shuffles Management Team; Names New CEO

CNOOC Shuffles Management Team; Names New CEO

CNOOC Limited announced changes in directors and senior management of the Company. Mr. Yang Hua has been appointed as CEO and re-designated Executive Director.

Chevron Ramps Up Output at Chuandongbei Gas Project

Chevron Ramps Up Output at Chuandongbei Gas Project

The Chuandongbei Project is estimated to contain potentially recoverable natural gas resources of 3 trillion cubic feet.

BP Extends Oman Shale Gas PSC; Financials Hit by GOM Settlement

BP Extends Oman Shale Gas PSC; Financials Hit by GOM Settlement

BP today reported its results for the first quarter of 2016.

BP, CNPC to Explore for Shale Gas in China's Sichuan Basin

BP, CNPC to Explore for Shale Gas in China's Sichuan Basin

The PSC covers shale gas exploration, development and production in the Neijiang-Dazu block in the Sichuan Basin, China.

ConocoPhillips Halts China Shale Gas Talks with PetroChina

ConocoPhillips Halts China Shale Gas Talks with PetroChina

ConocoPhillips has halted discussions with PetroChina in regard to shale gas development in China's Sichuan Province.

Anton Wins Bid for China Tight Oil Development Services

Anton Wins Bid for China Tight Oil Development Services

The contract value is estimated to stand at approximately RMB53 million.

CNPC Hits Massive Tight Oil Discovery in Changquing Field

CNPC Hits Massive Tight Oil Discovery in Changquing Field

This is China’s first tight oil discovery to exceed 100 million tonnes.

Newfield to Retain China Business After Marketing Process

Newfield to Retain China Business After Marketing Process

For financial purposes, the China business will be reclassified as "continuing operations" in the fourth quarter of 2014.

PetroChina, Sinochem to Spend Billions Unlocking China Shale Gas

PetroChina, Sinochem to Spend Billions Unlocking China Shale Gas

At present, the JV company touts nearly US$1.0 billion ($974.96 million) in capital.

China Shale Rig Data: August 15, 2026

China Shale Overview

China has an estimated 1,115 Tcf of risked (technically recoverable) shale gas, mainly in marine- and lacustrine-deposited source rock shales of the Sichuan (626 Tcf), Tarim (216 Tcf),Junggar (36 Tcf), and Songliao (16 Tcf) basins. Additional risked (technically recoverable) shale gas resources totaling 222 Tcf exist in the smaller, structurally more complex Yangtze Platform, Jianghan and Subei basins. The risked shale gas in-place for China is estimated at 4,746 Tcf.

China also has considerable shale oil potential which is geologically less defined. Risked (technically recoverable) shale oil resources in the…

China Shale Transactions By Quarter ($MM)