ConocoPhillips (COP) is the latest foreign oil firm to express interest in Chinese shale, ...


ConocoPhillips (COP) is the latest foreign oil firm to express interest in Chinese shale,  showing how just as Chinese oil companies pile into North American shale gas, the reverse also is increasingly true. This week, China said it is offering 20 blocks in a shale gas tender, the first time foreign companies will be allowed to participate in JV bids as minority partners.

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Comments (3)
  • MadDutch
    , contributor
    Comments (9) | Send Message
     
    Shale is one of the commonest rocks in the Earth's crust, and we have lots of it in England. There is a wide geological strata containing it, from the Dorset coast to North Yorkshire.

     

    In 1980, my wife and I walked down to a path to a Dorset beach, and picked up a surf rounded pebble at random. We held a cigarette lighter under it and a few seconds passed before it started burning.

     

    MadDutch

     

    I remember a board lunch at my family firm's factory in Basingstoke; we made diamond tools including oil bits and the directors wondered how far away was the closest oil and diamond deposits. I smile as I wonder what they would have said if I had today's knowledge, and answered "about 3 miles and 60 miles respectively!" "The direction for both being straight down."

     

    52 years working in the Earth Sciences.
    12 Sep 2012, 09:36 AM Reply Like
  • KimFeil
    , contributor
    Comments (87) | Send Message
     
    Shale is unconventional energy and the rush has caused innocent people like me to leave the "working for a paycheck" life, and pursue "working for the truth". Now that I am enlightened, I need to make sure this "truth works for change" to make urban drilling safer to live near.

     

    Aside from methane leaks that speed up global warming (not climate change which is cyclical), I need investors in shale to "reason" with the industry, and so I need you to help me speak to them as they are not responsive to me.

     

    I live at ground zero for urban drilling. We have about 60 padsites in our 99 sq mile town here in Arlington TX. The following requests won't cover public protections on the huge buildout and the associated human errors or accidents (we had a drill spill in Lake Arlington, our drinking source, a couple of years ago and have had maybe a dozen emission events over the last couple of years that I am aware of)….

     

    Please make it a standard practice to always use electric rigs in urban areas.

     

    All mud farming is subject to open records of water and soil test results.

     

    We need the industry to invent technology to keep the toxic, silica dust on the padsite-those pathetic pillow case looking socks aren't getting the job done.

     

    Please add scrubbers to the open hatch flowback tanks during topflow, and we shouldn't have to wait 2.5 years for EPA mandated Green Completions.

     

    The pipeline should be in place FIRST before fracturing so that flowback doesn't sit in the ground for months festering a man-made hydrogen sulfide of stale water flowback.

     

    The setback away from people should be very far. A doctor who is an environmental tester said that the health effects are being seen downwind from about 1,800 - 2,500 feet.

     

    Lastly, the industry should be able to guarantee that the casings will last "on the majority of them", and that the injections wells won't cause regrettable seismic events or migrate their horrid contents eventually into our drinking water.
    12 Sep 2012, 09:50 AM Reply Like
  • cfg3450
    , contributor
    Comments (86) | Send Message
     
    Much ado about very little.
    12 Sep 2012, 11:57 AM Reply Like
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