Category: Asia

China rig finds gas after Vietnam sea standoff

The discovery by China National Offshore Oil Corp. was made about a month after its rig withdrew in July from Vietnam’s exclusive economic zone to far less-contested waters closer to China.  More »

Q&A: Accenture’s shale expert Melissa Stark on unconventional plays worldwide

Melissa Stark, managing director of Accenture’s New Energy Business, is the consulting firm’s expert on shale development. The firm recently published an update on the outlook for unconventional plays in nine countries. Stark, who’s worked in the United Kingdom for 20 years, spoke with the Chronicle recently about what’s on the horizon for shale and tight oil and gas worldwide.  More »

Nine countries that could hold the next Eagle Ford

The U.S. economy has enjoyed an energy renaissance thanks to technology like fracking and horizontal drilling that unlocked previously inaccessible geological formations. Some of that same technology is now poised to be used around the world.  More »

Brent crude falls below $100 for first time in 14 months

Brent crude fell below $100 a barrel for the first time since June 2013 as a slowdown in imports into China reinforced signs of surplus supply. West Texas Intermediate dropped to the lowest in almost eight months.  More »

Commentary: Mixing energy and pop: If Katy Perry and I were to do a duet…

…I would have no squabble in doing one of her hits,  but we would have to work in some commodity themes into the lyrics. So here are some ideas I am working on pitching her. Roar - We could definitely belt this one out. Not only does roaring louder, louder than a lion sound like fun, […]  More »

Water resources a problem for energy extraction worldwide, report finds

According to the analysis by the World Resources Institute, 38 percent of the earth’s shale gas and tight oil resources are in areas that are either arid or under high levels of water stress already _ a scenario that does not mesh with the high water demands of today’s extraction techniques.  More »

Green Dragon Gas settles with ConocoPhillips for $40 million

Green Dragon Gas Ltd., a Chinese producer of coal-bed methane gas, has agreed to pay ConocoPhillips a $40 million arbitration settlement to end a contract dispute.  More »

China’s natural gas demand continues to grow

Natural gas accounted for only 4.9 percent of China’s total energy consumption in 2012, but that share is expected to grow to 8 percent by 2015 and 10 percent by 2020.  More »

Hoping for its own shale gale, China seeks U.S. know-how

U.S. companies are entering joint ventures to provide China with the tools it needs to get at oil and gas locked in shale.  More »

After hybrid success, Toyota gambles on fuel cell

Toyota is betting that drivers will embrace hydrogen fuel cells, a technology that runs on the energy created by an electrochemical reaction when oxygen in the air combines with hydrogen stored as fuel.  More »

U.S. Imposes duties on steel pipe imports from South Korea

he U.S. Commerce Department set duties from 9.89 percent to 15.75 percent on Korean pipe, which is used in oil drilling, according to a fact sheet released today by the agency. Last year, pipe worth $818 million was exported to the U.S. from South Korea.  More »

Oil demand up fastest since 2010 on China, IEA says

Global oil demand will rise at the fastest pace in five years in 2015 as China leads gains in emerging economies, the International Energy Agency said.  More »
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