China is pushing exploration of shale gas by encouraging domestic producers to form partnerships with foreign oil and gas companies.
Mr. Fu, for his part, appears eager for Sinopec to step up shale-gas exploration in China.
Other global oil companies are involved in shale gas exploration in China.
Continuing on my journey of exploration outside China (a brief detour), I recently met with Dave Otten, the CEO of a New York-based startup with the intriguing name of LongTail Video.
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In 2010, the companies signed a non-binding Memorandum of Understanding in December to establish an exploration joint venture in China signaling that relations had improved.
Russia and China also have ambitions for new space exploration but some argue that future trips are best left to robots like the rover now on Mars.
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It has suspended talks on the joint exploration of gasfields in the East China Sea as well as over increased flights between the two countries.
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China has made clear it wants to expand the exploration of space.
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Perhaps if he had, like Egyptologist Howard Carter, discovered gold, jewelry and other fabulous funerary objects during his exploration of the ancient overland road to China rather than musty books of Buddhist sutras (even if they did include the world's oldest known printed volume), his lasting fame might have been secured.
At the end of of 2011, China energy majors Sinopec (SNP) and Cnooc (CEO) have expressed interest in acquiring a 30% stake in privately held Texas-based fracking company Frac Tech International to operate in the U.S. If that deal ever closed, China would gain the necessarily expertise to pursue shale gas exploration at home.
Last month, China stepped up its efforts to explore shale gas reserves by awarding exploration rights on 19 shale gas areas to 16 firms.
Its civilian space program has already brought China economic benefits in the fields of communications, navigation systems and resource exploration.
One place where Western oil companies have found open doors is in deep-water exploration, because state-backed oil companies in Russia, China and the Middle East have little experience drilling these tricky wells.
But offshore deepwater exploration could yet produce considerable finds more handily placed in the South China Sea.
The formalisation of our exploration JV is an important milestone in the expanding relationship between Rio Tinto and China.
She tells the story of early exploration and the fascination with the exotic, detailing the crafty manoeuvring of foreign trade with China and the many influences that flowed back and forth across the water.
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