China’s Sinopec and CNPC [CNPET.UL] are speeding up drilling and exploration from major tight and shale oil and gas formations in the country’s western regions to boost domestic output, according to company reports on Monday. New exploration in shale gas, tight oil and tight gas will lead to growth in production for the country’s largest oil and gas producer, China National Petroleum Corporation (CNPC), the firm’s official newspaper reported on Monday, citing an internal conference from its upstream services unit. The drilling cycle at the Mahu field in Xinjiang, one of CNPC’s largest findings in recent years, fell 40 percent from a year go, CNPC […]