![]() Jingzhou-based Jianghan No.4 Machinery Plant, a unit of Sinopec Oilfield Equipment Corp 000852.SZ, is China's leading manufacturer of fracking equipment. Qualitative research shows that residents of fracked regions may recognize fracking as a double-edged sword, embracing the economic growth associated with shale. Reuters interviewed Chinese oil majors, local equipment and service companies and global firms involved in China’s fracking industry to compile the following industry breakdown. document contains an up-to-date analysis and compilation of the science on water contamination risks from drilling, fracking, and associated activities. Production is forecast to double to 17 bcm in 2020, which will include production from another 700 wells, said consultancy Wood Mackenzie.Ĭhina’s shale gas reserves are buried deeper, more scattered and in more mountainous terrain than in the United States, making them more costly to develop, but domestic gas is a major focus as the country looks to ease its reliance on dirtier coal. State majors Sinopec and CNPC produced 9 billion cubic metres (bcm) of shale gas in 2017 from 600 wells, six percent of the country’s total gas output. This summer, youth gathered in the shale gas region of Northeastern Pennsylvania to facilitate trainings, compile reports, and to fight for the safety of. ![]() (Reuters) - China’s fracking support industry has grown rapidly over the past decade and now makes everything from fracking trucks and pumps to proppants, while local service providers are learning to match global rivals like Schlumberger and Baker Hughes.
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