WASHINGTON - U.S. regulators are in the early stages of an antitrust probe into whether Google Inc, the top player in Web display advertising, breaks antitrust law in how it handles some advertising sales, a source told Reuters on Thursday.
LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
Shell gets China's 1st shale gas deal
BEIJING (Reuters) - Royal Dutch Shell (RDSa.L) said it has signed a production sharing contract with China National Petroleum Corporation (CNPC) for developing a shale gas block in southwestern Sichuan province, the first such deal in China.
Shell has already done some exploration works on the Fushun-Yongchuan block that covers 3,500 square kilometers.
"Shell will apply its advanced technology, operational expertise and global experience in the project to jointly develop the shale gas resources with CNPC," the Anglo-Dutch firm said in a release on its website, without giving any further details. (www.shell.com)
China is at the very early stage to tap its shale gas resources and the government wants to identify the right technology to unlock its potentially large shale gas resource in the next few years, aiming for a leap in shale production by 2020.
(Reporting by Jim Bai and Chen Aizhu; Editing by Himani Sarkar)
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