Jura The idiot
General
LOL Hendrik... what's the next spot for your Sinization through rice production, maybe Mount Everest excuse me
珠穆朗瑪峰
? LOL
(personally I like rice a lot)
News on China's scientific and technological development.
- Thread starter Quickie
- Start date
珠穆朗瑪峰
? LOL
(personally I like rice a lot)
Jura The idiot
General
Hendrik_2000
Lieutenant General
For years the western press discounting the possibility of Shale boom in China citing difficult terrain(mountainous) and lack of water etc as well as deeper hole
But Chinese company overcoming all those obstacle and built domestic equipment for shale drilling and production, improve drilling efficient and double gas production . They even exported the equipment
Stepping on the gas - China's home-built fracking boom
Reuters 9 hours ago
By Chen Aizhu
CHONGQING, China (Reuters) - On a flattened mountaintop a two-and-half-hour drive south of Chongqing in southwest China, a fleet of towering, red fracking trucks pumps chemicals and sand into a 1,500-metre horizontal well deep under the ground.
The equipment was designed and built by China's state-owned energy major Sinopec, the result of a decades-long government drive to develop low-cost domestic technology to tap the country's vast shale gas resources buried in the region's mountainous terrain.
It is the latest key technology that China has learned to master.
Except for a handful of higher-end tools, Sinopec and a crop of independent companies make everything from trucks and pumps to drilling fluid and proppants - treated sand or man-made ceramics used to "prop" open a fracture to allow gas to escape.
"We're doing 95 percent or more of the service jobs ourselves. The amount of work handled by foreign firms is minimal," said Shi Yuanhui, a senior Sinopec service engineer.
The government-backed push, motivated in part by cost cutting amid the oil price slump of 2014, has seen international firms like oil services group Schlumberger (SLB.N), Halliburton (HAL.N) or Baker Hughes (GE.N) scale back operations in China.
Meanwhile, Chinese firms are starting to export equipment including pressure pumps, even to the home of the shale boom in the United States.
Over the past 8 years, the cost of building a well has nearly halved to an average of under 50 million yuan per well (5.92 million pounds), and drilling speed has improved by two-thirds to 45-60 days, according to interviews with state oil officials, equipment makers and service providers.
"China has over the years developed its unique practice that employs home-manufactured compact drilling equipment to suit the terrains, and improved greatly on drilling efficiency," said Lynn Lin of energy consultancy Wood Mackenzie.
Schlumberger and Baker Hughes declined to comment on their China shale business. Halliburton did not respond to a request for comment.
OUTPUT RISING
State energy giants Sinopec <0386.HK> and PetroChina <0857.HK> pumped 9 billion cubic metres (bcm) of shale gas in 2017, up from scratch a decade ago and equivalent to about 6 percent of the country's total natural gas production.
Still, the hilltop scene illustrates some of the problems facing the world's biggest energy consumer in exploiting its unconventional gas.
Unlike the flatter U.S. regions containing shale, Chinese firms operate in tricky environments, including mountainous, arid, remote and also highly populated regions, leading to higher costs.
China's shale is also buried deeper and is more fractured, making it difficult and expensive to extract.
China is expected to nearly double output to 17 bcm by 2020, according to Wood Mackenzie.
While below Beijing's 2020 target of 30 bcm, set out four years ago, and just a fraction of 474 bcm produced in the United States last year, domestic gas is a major focus as the country looks to ease its reliance on dirtier coal.
China's leading manufacturer of fracking equipment is Jianghan No.4 Machinery Plant, which accounts for more than half of the country's production of fracking trucks and pumps.
The firm, under the supervision of what was then the Ministry of Petroleum, bought several dozen U.S. fracking trucks in 1988 on condition the manufacturer allowed access to its technology, said a Jianghan marketing executive who declined to be named as he was not authorized to speak to media.
The know-how was initially applied to conventional wells before Jianghan No.4, now part of Sinopec, China's top shale gas firm, built the country's first shale fracker in 2012.
Baoji Machinery, a unit of state-run CNPC, and independent equipment builders Honghua Group <0196.HK> and Jereh Group <002353.SZ> have also expanded into shale, and are competing in new, more efficient electric-powered frackers.
Jereh and Honghua are also leading an export push, said company officials, competing with the likes of Halliburton.
Jereh exports trucks, pressure pumps and pipes, with total overseas sales making up half of its 3.2 billion yuan ($495 million) in revenue in 2017, a company spokeswoman said, declining to give a breakdown by country.
Lucrative export contracts will be needed as China's shale industry still struggles to make cash at home.
Sinopec has acknowledged it would be difficult to break even without government subsidies, currently at roughly 20 percent of well-head prices.[nB9N1O405G]
Helping increase efficiency, Chinese firms can now drill multiple wells at a single pad, known as "well factory" drilling.
They can also carry out extended horizontal fracturing up to 3,000 metres, Sinopec engineers said.
BARRIERS
The expertise will be needed if China is to make the most of its shale gas, estimated by the U.S. Energy Information Administration as the world's largest.
Western majors like Exxon Mobil (XOM.N), Royal Dutch Shell (RDSa.L), Total (TOTF.PA), ConocoPhillips (COP.N) and Chevron (CVX.N) largely abandoned China's shale scene after disappointing initial results.
Geologists at Sinopec said they have struggled to replicate a find like Fuling, the largest commercial field, a gas field similar, but smaller, to the hugely successful U.S. Marcellus formation.
There are also complaints that Sinopec's and PetroChina's domination is a barrier to future development, as these state behemoths hinder competition.
Only in late 2017, as shale drilling quickened on the back of rising oil prices (LCOc1), did the two majors start awarding service contracts to independent firms like SPT Energy (1251.HK), Anton Oilfield (3337.HK) and Honghua Group <0196.HK>.
(Additional reporting by Liz Hampton in Houston; Editing by Henning Gloystein and Richard Pullin)
But Chinese company overcoming all those obstacle and built domestic equipment for shale drilling and production, improve drilling efficient and double gas production . They even exported the equipment
Stepping on the gas - China's home-built fracking boom
Reuters 9 hours ago
By Chen Aizhu
CHONGQING, China (Reuters) - On a flattened mountaintop a two-and-half-hour drive south of Chongqing in southwest China, a fleet of towering, red fracking trucks pumps chemicals and sand into a 1,500-metre horizontal well deep under the ground.
The equipment was designed and built by China's state-owned energy major Sinopec, the result of a decades-long government drive to develop low-cost domestic technology to tap the country's vast shale gas resources buried in the region's mountainous terrain.
It is the latest key technology that China has learned to master.
Except for a handful of higher-end tools, Sinopec and a crop of independent companies make everything from trucks and pumps to drilling fluid and proppants - treated sand or man-made ceramics used to "prop" open a fracture to allow gas to escape.
"We're doing 95 percent or more of the service jobs ourselves. The amount of work handled by foreign firms is minimal," said Shi Yuanhui, a senior Sinopec service engineer.
The government-backed push, motivated in part by cost cutting amid the oil price slump of 2014, has seen international firms like oil services group Schlumberger (SLB.N), Halliburton (HAL.N) or Baker Hughes (GE.N) scale back operations in China.
Meanwhile, Chinese firms are starting to export equipment including pressure pumps, even to the home of the shale boom in the United States.
Over the past 8 years, the cost of building a well has nearly halved to an average of under 50 million yuan per well (5.92 million pounds), and drilling speed has improved by two-thirds to 45-60 days, according to interviews with state oil officials, equipment makers and service providers.
"China has over the years developed its unique practice that employs home-manufactured compact drilling equipment to suit the terrains, and improved greatly on drilling efficiency," said Lynn Lin of energy consultancy Wood Mackenzie.
Schlumberger and Baker Hughes declined to comment on their China shale business. Halliburton did not respond to a request for comment.
OUTPUT RISING
State energy giants Sinopec <0386.HK> and PetroChina <0857.HK> pumped 9 billion cubic metres (bcm) of shale gas in 2017, up from scratch a decade ago and equivalent to about 6 percent of the country's total natural gas production.
Still, the hilltop scene illustrates some of the problems facing the world's biggest energy consumer in exploiting its unconventional gas.
Unlike the flatter U.S. regions containing shale, Chinese firms operate in tricky environments, including mountainous, arid, remote and also highly populated regions, leading to higher costs.
China's shale is also buried deeper and is more fractured, making it difficult and expensive to extract.
China is expected to nearly double output to 17 bcm by 2020, according to Wood Mackenzie.
While below Beijing's 2020 target of 30 bcm, set out four years ago, and just a fraction of 474 bcm produced in the United States last year, domestic gas is a major focus as the country looks to ease its reliance on dirtier coal.
China's leading manufacturer of fracking equipment is Jianghan No.4 Machinery Plant, which accounts for more than half of the country's production of fracking trucks and pumps.
The firm, under the supervision of what was then the Ministry of Petroleum, bought several dozen U.S. fracking trucks in 1988 on condition the manufacturer allowed access to its technology, said a Jianghan marketing executive who declined to be named as he was not authorized to speak to media.
The know-how was initially applied to conventional wells before Jianghan No.4, now part of Sinopec, China's top shale gas firm, built the country's first shale fracker in 2012.
Baoji Machinery, a unit of state-run CNPC, and independent equipment builders Honghua Group <0196.HK> and Jereh Group <002353.SZ> have also expanded into shale, and are competing in new, more efficient electric-powered frackers.
Jereh and Honghua are also leading an export push, said company officials, competing with the likes of Halliburton.
Jereh exports trucks, pressure pumps and pipes, with total overseas sales making up half of its 3.2 billion yuan ($495 million) in revenue in 2017, a company spokeswoman said, declining to give a breakdown by country.
Lucrative export contracts will be needed as China's shale industry still struggles to make cash at home.
Sinopec has acknowledged it would be difficult to break even without government subsidies, currently at roughly 20 percent of well-head prices.[nB9N1O405G]
Helping increase efficiency, Chinese firms can now drill multiple wells at a single pad, known as "well factory" drilling.
They can also carry out extended horizontal fracturing up to 3,000 metres, Sinopec engineers said.
BARRIERS
The expertise will be needed if China is to make the most of its shale gas, estimated by the U.S. Energy Information Administration as the world's largest.
Western majors like Exxon Mobil (XOM.N), Royal Dutch Shell (RDSa.L), Total (TOTF.PA), ConocoPhillips (COP.N) and Chevron (CVX.N) largely abandoned China's shale scene after disappointing initial results.
Geologists at Sinopec said they have struggled to replicate a find like Fuling, the largest commercial field, a gas field similar, but smaller, to the hugely successful U.S. Marcellus formation.
There are also complaints that Sinopec's and PetroChina's domination is a barrier to future development, as these state behemoths hinder competition.
Only in late 2017, as shale drilling quickened on the back of rising oil prices (LCOc1), did the two majors start awarding service contracts to independent firms like SPT Energy (1251.HK), Anton Oilfield (3337.HK) and Honghua Group <0196.HK>.
(Additional reporting by Liz Hampton in Houston; Editing by Henning Gloystein and Richard Pullin)
Hendrik_2000
Lieutenant General
Factbox: Domestic industry backs China's shale gas push
Reuters 10 hours ago
(Reuters) - China's fracking support industry has grown rapidly over the past decade and now makes everything from fracking trucks and pumps to proppants, while local service providers are learning to match global rivals like Schlumberger and Baker Hughes.
State majors Sinopec and CNPC produced 9 billion cubic metres (bcm) of shale gas in 2017 from 600 wells, six percent of the country's total gas output. Production is forecast to double to 17 bcm in 2020, which will include production from another 700 wells, said consultancy Wood Mackenzie.
China's shale gas reserves are buried deeper, more scattered and in more mountainous terrain than in the United States, making them more costly to develop, but domestic gas is a major focus as the country looks to ease its reliance on dirtier coal.
Reuters interviewed Chinese oil majors, local equipment and service companies and global firms involved in China's fracking industry to compile the following industry breakdown.
TRUCKS
Jingzhou-based Jianghan No.4 Machinery Plant, a unit of Sinopec Oilfield Equipment Corp, is China's leading manufacturer of fracking equipment.
The firm bought several dozen U.S. fracking trucks in 1988 on condition it be allowed access to the technology, and clinched a similar technology transfer deal in the same year with U.S. company SPM, acquired by the Weir Group in 2007, that makes equipment designed for high-pressure fracturing and handling fracking fluids.
Jianghan benefited from hundreds of millions of yuan in grants for special national technological projects to help develop its fleet, a company official said.
The company has built several hundred fracking trucks and primarily supplies Sinopec, China's leading shale gas producer.
Baoshi Machinery Co Ltd, controlled by state energy group CNPC, is also a major producer of fracking equipment.
PUMPS
Industry service provider Sichuan Honghua Petroleum Equipment Co. Ltd, 30 percent controlled by state-run China Aerospace Science & Industry Corp, began making eletric-powered fracking pumps in 2015. It currently has 20 units under lease to Sinopec and PetroChina.
Electric frackers, which have been adopted in the United States by companies like Evolution Well Services and U.S. Well Services, are smaller and quieter than diesel equipment and cut fuel costs by half.
They are also more than twice as powerful as regular diesel frackers, but require easy access to power grids.
While state-run firms focus on the domestic market, independent firms Jereh Group and Honghua Group have been expanding sales of trucks and pumps to the United States.
SJS, a joint venture between Sinopec Oilfield Equipment and U.S. Serva Group, makes bridge plugs, used to isolate zones in shale drilling. Sinopec officials said the SJS plugs cost a fraction of competing products.
SERVICE PROVIDERS
The oil price crash of 2014 forced Sinopec and CNPC to build up internal teams as they cut down on foreign service providers to slash drilling costs.
CNPC's main services arms are Chuanqing Drilling and Prospecting, Greatwall Drilling, Xibu Drilling, Bohai Drilling. Sinopec operates six regional service providers such as Jianghan, Zhongyuan and Shengli.
As drilling has picked up with a rebound in oil prices, local independents such as Anton Oilfield Services, SPT Energy Group, Honghua International and Jereh have returned, mostly as subcontractors to state firms.
SPT said in May that it won a 428 million yuan ($68 million) contract to drill 14 wells in Sichuan that includes drilling, fracturing and test production.
Honghua separately agreed to drill four wells for 240 million yuan. Anton late last year won a 100 million yuan deal to drill four shale wells in Sichuan for PetroChina. The deal does not include equipment.
"We're hoping to see freer competition among service providers, rather than being just second options," said a top executive with an independent service provider.
($1 = 6.3401 Chinese yuan renminbi)
(Reporting by Chen Aizhu; editing by Richard Pullin)
Reuters 10 hours ago
(Reuters) - China's fracking support industry has grown rapidly over the past decade and now makes everything from fracking trucks and pumps to proppants, while local service providers are learning to match global rivals like Schlumberger and Baker Hughes.
State majors Sinopec and CNPC produced 9 billion cubic metres (bcm) of shale gas in 2017 from 600 wells, six percent of the country's total gas output. Production is forecast to double to 17 bcm in 2020, which will include production from another 700 wells, said consultancy Wood Mackenzie.
China's shale gas reserves are buried deeper, more scattered and in more mountainous terrain than in the United States, making them more costly to develop, but domestic gas is a major focus as the country looks to ease its reliance on dirtier coal.
Reuters interviewed Chinese oil majors, local equipment and service companies and global firms involved in China's fracking industry to compile the following industry breakdown.
TRUCKS
Jingzhou-based Jianghan No.4 Machinery Plant, a unit of Sinopec Oilfield Equipment Corp, is China's leading manufacturer of fracking equipment.
The firm bought several dozen U.S. fracking trucks in 1988 on condition it be allowed access to the technology, and clinched a similar technology transfer deal in the same year with U.S. company SPM, acquired by the Weir Group in 2007, that makes equipment designed for high-pressure fracturing and handling fracking fluids.
Jianghan benefited from hundreds of millions of yuan in grants for special national technological projects to help develop its fleet, a company official said.
The company has built several hundred fracking trucks and primarily supplies Sinopec, China's leading shale gas producer.
Baoshi Machinery Co Ltd, controlled by state energy group CNPC, is also a major producer of fracking equipment.
PUMPS
Industry service provider Sichuan Honghua Petroleum Equipment Co. Ltd, 30 percent controlled by state-run China Aerospace Science & Industry Corp, began making eletric-powered fracking pumps in 2015. It currently has 20 units under lease to Sinopec and PetroChina.
Electric frackers, which have been adopted in the United States by companies like Evolution Well Services and U.S. Well Services, are smaller and quieter than diesel equipment and cut fuel costs by half.
They are also more than twice as powerful as regular diesel frackers, but require easy access to power grids.
While state-run firms focus on the domestic market, independent firms Jereh Group and Honghua Group have been expanding sales of trucks and pumps to the United States.
SJS, a joint venture between Sinopec Oilfield Equipment and U.S. Serva Group, makes bridge plugs, used to isolate zones in shale drilling. Sinopec officials said the SJS plugs cost a fraction of competing products.
SERVICE PROVIDERS
The oil price crash of 2014 forced Sinopec and CNPC to build up internal teams as they cut down on foreign service providers to slash drilling costs.
CNPC's main services arms are Chuanqing Drilling and Prospecting, Greatwall Drilling, Xibu Drilling, Bohai Drilling. Sinopec operates six regional service providers such as Jianghan, Zhongyuan and Shengli.
As drilling has picked up with a rebound in oil prices, local independents such as Anton Oilfield Services, SPT Energy Group, Honghua International and Jereh have returned, mostly as subcontractors to state firms.
SPT said in May that it won a 428 million yuan ($68 million) contract to drill 14 wells in Sichuan that includes drilling, fracturing and test production.
Honghua separately agreed to drill four wells for 240 million yuan. Anton late last year won a 100 million yuan deal to drill four shale wells in Sichuan for PetroChina. The deal does not include equipment.
"We're hoping to see freer competition among service providers, rather than being just second options," said a top executive with an independent service provider.
($1 = 6.3401 Chinese yuan renminbi)
(Reporting by Chen Aizhu; editing by Richard Pullin)
Jura The idiot
General
Jura The idiot
General
Jun 8, 2018
US Regains TOP500 Crown with Summit Supercomputer, Sierra Grabs Number Three Spot
| June 25, 2018 02:37 CEST
and
US Regains TOP500 Crown with Summit Supercomputer, Sierra Grabs Number Three Spot
| June 25, 2018 02:37 CEST
Lethe
Captain
Earthquakes are for peasants to worry about. The same megacorps that profit from fracking will profit from rebuilding contracts.
I'm sure the Sichuan and Chongqing governments will simply look away when their cities are rattled every month just like the Oklahoma state government does. It's not like there isn't a massive drive to eliminate corruption or anything /s
don't just write anything that you have not any proof.
Do you know when the fracking was started?
Do you know what megacorps that benefit from that?
Do you the Non existing " rebuilding contract"? etc.