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  1. Gulf Turns To Unconventional Gas To Ease Shortage

    ...formation Administration (EIA) did not include the Middle East in its 2011 global shale gas survey, stating that the region has plenty of gas. Conference speakers, however, said that unconventional gas is needed and could be produced at costs significantly lower than importing LNG. One estimate is that th...

    Volume: 54
    Issue: 41
    Published at Mon, 10 Oct 2011

  2. Ras Tanura Petrochemical Complex Expected To Cost $23-26Bn

    ...e London meeting the partners continued to thrash out all details of the agreements necessary to push ahead. However, with a project of this size, the lead times are long and the sponsors (advised by Royal Bank of Scotland and Riyad Bank) are not expected to seek financing until 2011. Before Ra...

    Volume: 52
    Issue: 41
    Published at Mon, 12 Oct 2009

  3. Yemen Expedites Exploration Activity As Decline In Oil Production Continues

    ...d plans to drill 20-40 wells annually. During 2005 Nexen plans to invest $70mn to drill at least 20 wells and test deeper horizons where there has been recent success. It has the right to produce oil in Masila until 2011 and to negotiate a five-year extension. Nexen also has a controlling (87.5%) st...

    Volume: 48
    Issue: 41
    Published at Mon, 10 Oct 2005