Wednesday, June 19, 2013
Displaying 1 - 10 of 26 articles
GCC states, particularly the UAE, Qatar and Saudi Arabia, plan to award contracts worth nearly Dh250 billion ($68 billion) during the next five years to raise gas production, Gulf News said citing latest report by Deloitte. “Although oil is still projected to remain the primary fuel, significant...
Saudi Arabia is planning to drill seven shale gas wells in 2013, country’s oil minister Ali Al-Naimi has said. “We have rough estimates of over 600 trillion cubic feet of unconventional and shale gas, so the potential is very huge and we plan to exploit it,” Al-Naimi said at the Credit...
Saudi Arabia may need another ten years to get to shale gas output levels comparable to the US due to lack of sufficient water supply, Bloomberg reported state oil company officials as saying. Finding the necessary amount of water in the regions where Saudi Arabian Oil Co. is exploring for shale...
Saudi Arabia plans to develop Midyan natural gas field in the Red Sea in 2013, Reuters has reported citing Oil Minister Ali Naimi comments in local media. Saudi Arabian Oil Company (Saudi Aramco) will drill seven deep sea and offshore wells and build facilities at nearby Duba, its chief executive Khalid...
Gulf and the Middle East and North Africa nations have around 88 trillion cubic meters (tcm) of proven natural gas deposits which can last more than 30 years at current production growth rates, Emirate24/7 has reported. According to the Saudi-based Arab Petroleum Investment Corp (Apicorp), an affiliate...
Saudi Arabia will remain self-sufficient in natural gas, with production and consumption rising to 131 billion cubic meters (bcm) by 2021 from an estimated 94.8 bcm in 2011, Business Monitor International said in report titled Saudi Arabia Oil and Gas Report Q4 2012. Greater exploration of the Red Sea...
Saudi Arabia has announced the discovery of a gas field in the Red Sea, north of Dhuba Port in Tabuk. Arab News has reported that gas production from the Tabuk region would start from Madyan field next year. Gas will be pumped through a pipeline to Dhuba Port and an electricity plant and a...
Relatively underdeveloped natural gas sector in the Gulf, amid growing energy demand in the region, is now posing a challenge. Over the past decades, the six Gulf Cooperation Council (GCC) countries have given priority to developing their oil sector at the expense of gas because of low prices and the...
Saudi Aramco has discovered a new gas field in the Red Sea, said Ali bin Ibrahim Al-Naimi, the Minister of Petroleum and Mineral Resources, reported Saudi Press Agency. In a statement, he said the gas flowed at the rate of 10 million cubic feet per day at a depth of 17,700 feet and at a rate of 5.2...
Saudi Arabian Oil Co. (Saudi Aramco) will soon announce natural-gas discoveries in the north and northwest of Saudi Arabia, Al Riyadh Arabic daily reported citing company’s chief executive officer. The newspaper also reported that the company will also start drilling in the Red Sea by the end...