The field will make Saudi Arabia one of the world’s largest natural gas producers.
Saudi Arabian energy giant Saudi Aramco announced Tuesday that it would start the development of the Jafurah unconventional gas field, the largest non-associated gas field in the Kingdom. In addition, Aramco announced that it had awarded subsurface and engineering, procurement, and construction (EPC) contracts worth $10 billion. The capital expenditure of the Jafurah field is […]
Low salary ranked as the number one reason why workers in the region said they want to leave.
Nearly half of all energy workers in the Middle East are debating leaving the industry within the next five years, new research revealed. The global oil and gas industry has been upended over the past couple of years due to demand and supply issues caused by the Covid-19 pandemic. Now, issues may continue to plague […]
The world is still going to “need large amounts of fossil fuels” for a while yet, the minister added.
Countries in the Arabian Gulf have made big bets on green energy, but India’s oil minister says questions still need to asked as to who the consumer will be. “GCC countries in the region and elsewhere have … made very bold announcements to move into green energy and they want to be part of the […]
The only way to reduce emissions is with effective measurements, according to experts.
Making good use of the cloud-based technology and solutions will be an important tool for the energy industry as the sector continues to look for more ways to decarbonise and promote sustainability, experts told Oil & Gas Middle East. Sustainability has been a hot topic in the energy industry, with firms looking to promote the […]
Iran’s daily production capacity will reach four million barrels by March.
Iran has announced plans to pump more oil than it did before previous-US President Trump imposed additional sanctions, a top Iranian oil official said, Bloomberg reported. The comments were made just before a high-level nuclear talk with are likely to impact Iranian energy-market ambitions. “Plans are in place to increase oil output to more than […]
OPEC+ is due to meet next week, but so far prices have yet to fall despite Biden’s plan.
Oil prices held steady Thursday after OPEC announced that a planned release of reserves around the world could increase supply in early 2022, Bloomberg earlier reported. Futures contracts traded near $78 per barrel, after the Organization of Petroleum Exporting Countries’ (OPEC) Economic Commission Board made the prediction. On Tuesday, US President Biden announced the release […]
