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QPI plans to extend Centrica deal in N. AmericaQatar Petroleum International (QPI) hopes to extend its new deal with Britain's Centrica by acquiring more gas or tight oil resources across North America, the chief executive said. Centrica and QPI said in April they would bu More… |
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Kuwait ‘studying plan to extract shale gas’Kuwait is investigating a plan to extract shale gas from its northern fields, a Kuwaiti oil sector official said on Wednesday, estimating that the country could produce 150-200 million cu ft per day under the right conditions. Ope More… |
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Saudi to drill 7 shale gas wellsSaudi Arabia plans to drill about seven test wells for shale gas this year, Minister of Petroleum and Mineral Resources Ali Al-Naimi was quoted as saying. Shale and other unconventional gas rese More… |
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Shell to abandon Saudi Empty Quarter gas huntRoyal Dutch Shell is set to pull out soon from a joint venture that has searched for gas in Saudi Arabia's Empty Quarter for years, due to disagreements with the government over terms, four industry sources familiar with the matter said. More… |
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US shale revolution poses dilemma for EuropeThe United States is enjoying an energy bonanza thanks to shale gas, making it a magnet for industry, reducing import dependence and challenging Europe as it battles to dig itself out of recession More… |
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M&A interest 'growing in Mena energy sector'Global oil and gas transactions have suffered a modest decline in both deal count and total value in the first half of 2012. However, increasing merger & acquisition (M&A) interest by Mena-based energy and petroleum (E& More… |
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Feedstock developments 'boon for GCC firms'Petrochemicals feedstock developments across the globe namely shale gas boom in the US, gas shortage in the Middle East and Coal-to-Olefins developments in China will provide new opportunities to GCC players, according to a report. Followi More… |
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Shale gas growth 'may hit regional LNG market'Investment in the development of shale gas, a natural gas recovered through a careful procedure involving horizontal drilling and hydraulic fracturing in the US and Europe could hit Middle East gas markets, said an expert. “Over the last s More… |
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LNG sector rethinks long term amid US natgas glutA glut of unconventional natural gas supplies from US shale deposits has fundamentally recast the long-term prospects for liquefied natural gas imports, industry executives said. A recession-driven fall in global natural gas demand saw spo More… |
