• 4 minutes Energy Armageddon
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 10 minutes Wind droughts
  • 3 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 23 hours "Biden Is Running U.S. Energy Security Into The Ground" by Irina Slav
  • 7 hours "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 1 day "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 3 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 15 hours Uniper is over - Germany (Government) buys the Company
  • 1 day "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 13 hours "How BlackRock Conquered the World" by James Corbett (all 3 parts)
  • 2 days "Oil prices likely not responsible for inflation and other energy insights by hedge fund manager Josh Young" - Kitco News interview by David Lin
  • 2 days The Federal Reserve and Money...Aspects which are not widely known
  • 7 days "Dodgy Demand Data? The Oil Price Collapse Conspiracy" by Alex Kimani
  • 12 days Is Europe heading for winter of discontent with extensive gas shortages?
  • 14 days "Forget Oil, The Real Crisis Is Diesel Inventories: The US Has Just 25 Days Left" by Zero Hedge - 5 Stars *****
Oil Price Cap Unlikely To Hurt Russia’s Revenue

Oil Price Cap Unlikely To Hurt Russia’s Revenue

Skepticism about the effectiveness of…

Escalating Protests In China Add To Oil Market Volatility

Escalating Protests In China Add To Oil Market Volatility

Lockdown protests in Guangzhou escalated…

Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

More Info

Premium Content

Shell Ventures Into China’s Shale Oil

Oil supermajor Shell has signed an agreement with China’s Sinopec to jointly study the potential development of shale oil in eastern China—one of the few international majors venturing into the potentially vast but underexplored and underdeveloped Chinese shale oil resources.

Shell and Sinopec will jointly study the potential of the Dongying trough in the eastern Chinese province of Shandong, Reuters reports, citing a brief statement from the Chinese company.  

Shell operates in shale oil and gas projects in North and South America, including in the Permian and in the Appalachia basin, in Alberta and British Columbia in Canada, and in Argentina’s Vaca Muerta shale basin.

China, for its part, aims to develop its unconventional resources as its appetite for crude oil and natural gas continues to rise, while current domestic production can’t meet growing demand.

Over the past year, China’s biggest energy producers have started to tap more tight oil and gas wells, aiming to increase domestic oil and natural gas production at the world’s largest crude oil importer.

Earlier this year, China said that it had found massive shale oil reserves in its northern Tianjin municipality.

A PetroChina test oil well at a shale field in western China could finally mean a strong commercial potential for shale oil for the first time in the world’s top crude importer, Morgan Stanley said in February this year.  

The shale boom in China, however, would be just a fraction of the U.S. shale revolution—Morgan Stanley expects Chinese shale oil production could be at 100,000 bpd-200,000 bpd by 2025, which is nothing compared to the millions of barrels of oil pumped in the United States every day.

According to an official at the Chinese Ministry of Natural Resources,  quoted by Reuters this week, shale oil in China has very low permeability, meaning that production per well would be very low and the economics for production might not work.   

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News