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Saudi Arabia has sent feelers to Pakistan to abandon the Iran-Pakistan natural gas pipeline project, Press TV reported Wednesday. Riyadh has sent a message to Islamabad offering and “alternative package” to meet latter’s growing energy needs. The message from Saudi King Abdullah was...
Saudi Arabian Oil Co. or Saudi Armaco has said that developing shale gas in Saudi Arabia will be a challenge as most of it is in deep reservoirs with very low permeability, Bloomberg reported. The country has huge potential in shale gas and needs to develop the resources to meet rising domestic demand...
Hydrocarbon reserves of The Gulf Cooperation Council are estimated to be worth approximately $65 trillion. A report by QNB Capital says that the region's estimate is about a third of the $200 trillion value of the global oil and gas reserves. Meanwhile, the rest of MENA (Middle East and North Africa)...
Saudi Arabian Oil Co (Saudi Aramco) is seeking to begin producing natural gas from shale rock in the country before the end of the decade as domestic power demand climbs. "If we can get it by 2020, that will be good," General Manager of Exploration Ebrahim Assa'adan said yesterday. "We are in the reconnaissance...
Saudi Arabian Oil Co. plans to build refineries in China and Indonesia as part of a $200 billion spending program to double refining capacity and explore for oil and natural gas during the next decade. Saudi Aramco, as the state-run company is known, is preparing for talks about “final terms”...
Price of natural gas is still a challenge for developing Saudi Arabia’s unconventional gas deposits such as shale and tight gas, Bloomberg reported quoting Khalid al-Falih, the head of Saudi Arabian Oil Co. Al-Falih said low prices of natural gas are making exploitation of deposits unfeasible.
Saudi Arabian Oil Co's Karan Gas Field expects to reach full capacity this summer, a year ahead of schedule, Bloomberg reported. Aramco is accelerating work at the project as demand for gas in Saudi Arabia grows rapidly. With electricity consumption rising by about 8 percent a year, the country wants...
Saudi Aramco has estimates of its tight and shale gas reserves but needs to complete an assessment before those reserves can be booked, CEO Khalid al-Faleh said. We have numbers but they are only conceptual estimates but you need to be certain about the resource base, the reservoir characteristics...
Saudi Arabia has discovered commercially viable quantities of natural gas in the Red Sea and Empty Quarter. The country’s oil minister, Ali al-Naimi said there were no plans to move to immediate production. The kingdom will continue to explore for tight gas and heavy oil for future energy needs...
Saudi Arabia has stopped $100bn expansion of its oil production capacity after reaching a target of 12m barrels a day and now plans to shift its spending priorities to natural gas, refining and the chemicals business, media reports said. Expectation that new oil resources like Libya and Irqa will meet...