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Economy
In reply to the discussion: STOCK MARKET WATCH - Thursday, 22 March 2012 [View all]xchrom
(108,903 posts)15. Shell signs first shale gas production pact in China
http://www.bbc.co.uk/news/business-17470765
Royal Dutch Shell said it has signed its first-ever production sharing contract for shale gas in China with state-owned China National Petroleum Corporation (CNPC).
China has some of the largest reserves in the world of shale gas, which is gas trapped in rock formations.
Other global oil companies are involved in shale gas exploration in China.
Analysts said China has been slow to develop the industry because of a lack of technical expertise.
Royal Dutch Shell said it has signed its first-ever production sharing contract for shale gas in China with state-owned China National Petroleum Corporation (CNPC).
China has some of the largest reserves in the world of shale gas, which is gas trapped in rock formations.
Other global oil companies are involved in shale gas exploration in China.
Analysts said China has been slow to develop the industry because of a lack of technical expertise.
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Thanks for following up on that, Po. It plays into Tansy's "shocked, shocked!" theme, too!
Demeter
Mar 2012
#3
Greece’s international creditors say risk-prone program may lead to missing 2020 debt target
Demeter
Mar 2012
#7
IS THIS WHY? Fool’s gold behind Beijing loan guarantees Firm accused of ‘wealth management’ schemes
Demeter
Mar 2012
#32
indeed. -- now NC isn't Mich -- but i certainly had the heat cut on in the mornings
xchrom
Mar 2012
#18
"US Senators roll call votes correlate strongly with the opinions of their rich constituents"
bread_and_roses
Mar 2012
#40