Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Global leaders to shape world's gas landscape at Muscat forum  Join our daily free Newsletter

MENAFN - Arab News - 08/01/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab News) With worldwide energy consumption projected to surge by approximately 50 percent in just two decades, there has been growing urgency for unconventional solutions in the gas sector, particularly in Gulf countries like Oman, where hydrocarbons make up 86 percent of government revenues and fuel economic growth



While the Middle East, North Africa and South Asia (MENASA region) holds 40 percent of the world's proven gas reserves, it only accounts for 15 percent of global gas production, indicating the massive untapped potential



In order to tackle the evolving challenges, opportunities and trends in the global gas sector, Knowledge Expansion - a leading regional oil and gas knowledge transfer consultancy - is organizing the International Unconventional Gas Conference and Exhibition (IUGCE), from Jan. 20-22 at the Ritz Carlton Al Bustan Palace, Muscat



Oman is considered an ideal host, being the Middle East's largest oil and gas producer that is not a member of the Organization of Petroleum Exporting Countries (OPEC)



The high-profile event will be chaired by Salim bin Said Al-Aufi, undersecretary for Oman's Ministry of Oil & Gas. As a platform for futuristic ideas that will shape gas exploration and production, the event will attract influential decision-makers, thought leaders and stakeholders in the global industry to maximize the potential of unconventional gas.



This refers to gas that requires higher than industry-standard levels of technology or investment to extract



The high-powered lineup of international speakers includes Raoul Restucci, MD of PDO; Jerome Ferrier, president of the International Gas Union (IGU); Menahi Al-Anzi, deputy CEO, exploration and gas for KOC; and David Dalton, Middle East regional president for BP



Considering the growing demand for gas - driven by the recovering global economy and population growth - the Middle East is seeking to strengthen its position at the forefront of the gas sector by diversifying from conventional gas reserves to its largelyuntapped unconventional gas reserves. However the major challenge is that unconventional gas types like tight gas and shale gas require much more advanced technologies and expertise




While the region's existing conventional gas fields remain highly productive, Gulf governments have opted for a proactive approach by exploring alternative solutions rather than waiting for conventional gas production to peak or dwindle. Tight gas exploration and appraisals in countries like Oman, Saudi Arabia, the UAE, Kuwait, Algeria, Egypt and Libya have increased, and are expected to gain momentum with time. This will ultimately strengthen energy security, unlocking new economical energy sources



Commenting on the upcoming conference, Rafeeq Kunhi, director at Knowledge Expansion, elaborated: "On one hand the region has enormous potential in unconventional gas, but on the other hand we have pinpointed a technological and knowledge gap in this field. Therefore, we have organized this high-profile platform where some of the world's most respected experts will converge to empower regional experts through knowledge transfer. This will greatly enrich the region's knowledge reservoir, boosting long-term sustainability and positioning the region at the forefront of the world's unconventional gas sector.

Among other highlights at this year's conference, international experts will share emerging findings from groundbreaking research, success stories and lessons learned from international developments

The event will identify, explore and showcase untapped opportunities for oil and gas companies to transfer skills and knowledge, thereby taking advantage of developments planned in the Middle East and further afield. Key discussion areas include the elements of success for an unconventional gas development; sustainability and technology in this sector

Aside from Oman's Ministry of Oil & Gas and PDO, the event is supported by OPAL (Oman Society for Petroleum Services). The sponsors include Baker Hughes, Weatherford, BP, Shell, STS, Packers Plus, CC Energy and Petrogas E&P

 


Arab News




  MENA News Headlines
 Jul 2 2016 - Jordan to cut 77 percent of GDP by 2021MENAFN
(MENAFN) Jordan aims to introduce a program of far-reaching structural reforms in order to face economic challenges.Accordingly, the new financial measures would target boosting the GDP and enhance ...

 Jul 2 2016 - Saudi, France discuss Vision 2030MENAFN
(MENAFN) Saudi Arabia's Vision 2030 is a catalyst and accelerator for development, which aims to enhance non-oil revenues.Additionally, there is a focus on growing regional content in industry and ...

 Jul 2 2016 - Dubai to invest USD1bn in road projectsMENAFN
(MENAFN) Dubai is doubling down on its bet that investments in transportation will spur the emirate's economy as lower crude prices strain budgets.Moreover, Dubai predicts to seek bids among 8 months ...

 Jul 2 2016 - Perplex Launches First Hershey-Area Escape RoomMENAFN Press
(MENAFN Press) Immersive puzzling experience opens just 10 minutes from Hershey, PA What kind of business celebrates its grand opening by locking its doors? As the first escape room in ...

 Jul 1 2016 - Global Military Radars Market Receives Impetus from Development of Advanced TechnologiesMENAFN Press
(MENAFN Press) Albany, New York, July 1, 2016 The global military radar market is projected to expand at a considerable pace over the coming years owing to the urgent need for improved security ...

 Jul 1 2016 - Explanation of Vote at the Adoption of UN Security Council Resolution 2296 on the Situation in DarfurMENAFN Press
(MENAFN Press) Explanation of Vote at the Adoption of UN Security Council Resolution 2296 on the Situation in Darfur WASHINGTON D.C., United States of America, July 1, 2016/APO/ -- Ambassador David ...

 Jul 1 2016 - Mediterranean Migrant Arrivals in 2016: 225,095 Deaths: 2,889MENAFN Press
(MENAFN Press) Mediterranean Migrant Arrivals in 2016: 225,095; Deaths: 2,889 GENEVA, Switzerland, July 1, 2016/APO/ -- IOM reports an estimated 225,095 migrants and refugees entered Europe by sea ...

 Jul 1 2016 - Rising Student Competition and Reducing Passing Rate in Competitive Exams to Drive the Future Growth in Enrollment for Test Preparation Tutoring in India: Ken ResearchMENAFN Press
(MENAFN Press) Increasing number of internet users and Career Advancement Preferences is increasing the demand for online as well as offline test preparation market in India. The number of ...

 Jul 1 2016 - WFP and Sudanese NGO to promote food security and nutrition in SudanMENAFN Press
(MENAFN Press) WFP and Sudanese NGO to promote food security and nutrition in Sudan NEW YORK, United States of America, June 30, 2016/APO/ -- The United Nations World Food Programme (WFP) and ...

 Jul 1 2016 - United Nations Under-Secretary-General for Humanitarian Affairs and Emergency Relief Coordinator, Stephen O'Brien Statement on the appointment of Yacoub El HilloMENAFN Press
(MENAFN Press) United Nations Under-Secretary-General for Humanitarian Affairs and Emergency Relief Coordinator, Stephen O''Brien Statement on the appointment of Yacoub El Hillo GENEVA, ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help