HONG KONG (BLOOMBERG) - China's biggest oil and gas producer halted drilling in part of the country's top shale region after earthquakes left two dead, wrecked houses and caused dams to crack, according to local reports.. Read more at straitstimes.com.
HONG KONG - China's biggest oil and gas producer halted drilling in part of the country's top shale region after earthquakes left two dead, wrecked houses and caused dams to crack, according to local reports.
Residents gathered at the county's administrative centre to ask if the temblors were related to increased shale drilling activity, according to the report. The company has 15 platforms and 39 wells in the area, Jiemian reported. CNPC's Beijing-based spokesman couldn't immediately be reached for comment.
The company plans to raise capacity to produce 42 billion cubic metres of gas from the region by 2035, amid pressure from the government to lift oil and gas output amid skyrocketing energy imports.
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