Saudi Aramco plans use a record number of rigs to search for unconventional gas while drilling for oil needed to maintain the worlds biggest spare capacity cushion, industry sources in Saudi Arabia have said
Industry
Chinese firm 'close to winning' Iraq oil pipeline contract
China Petroleum Pipeline (CPP) is close to winning a US$650mn contract to build a pipeline that will link Iraqs southern oilfields to major export storage depots
WorleyParsons wins services contract for Shell Gas Iraq
WorleyParsons has been awarded a three-year contract by Shell Gas Iraq BV to provide project management support and services for the rehabilitation of gas facilities and infrastructure that form part of Basrah Gas Company (BGC)
High demand sparks the search for new supplies across region
Rising populations, economic growth and strong industrial activity have continued to put pressure on the Middle East Gulf’s precious natural gas resources
Iran invests US$25 billion in upstream sector within 10 months
An estimated US$25bn has been invested in Iranian upstream sector projects since March 2012, according to Pars Oil and Gas Company