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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Dennis Roth who wrote (177478)	3/31/2013 8:06:54 AM
From: Dennis Roth	1 Recommendation of 206159

Shale gas deal just the start for China: Officials Updated: 2013-03-29 07:45 By Wang Qian and Du Juan (China Daily) usa.chinadaily.com.cn China is ready to give the nod to more energy production-sharing deals with international companies, after announcing officials had approved a shale gas exploration deal between China National Petroleum Corporation and Royal Dutch Shell plc. "It is just the start, and many other foreign companies, like Total, are looking for government approval on other production-sharing contracts," said Che Changbo, the deputy director of the Oil and Gas Research Center under the Ministry of Land and Resources... ...Huibert Vigeveno, executive chairman of Royal Dutch Shell China, said the approval will allow it to acquire more know-how about the geological condition of China's shale gas blocks, and drilling plans over the next two years. "In China we are drilling fewer wells than in North America, but they are expected to realize better profits," said Vigeveno...

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