Quotes: US 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 largely untapped 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
 Oct 25 2014 - Qatar's inflation rate to hit 5.5 percentMENAFN
(MENAFN) Qatar's inflation rate in 2014 is expected to touch 5.5 percent due to steady rise in housing rentals, according to the finding of a research conducted by Standard Chartered, The Peninsula ...

 Oct 25 2014 - Flydubai launches two flights to TanzaniaMENAFN
(MENAFN) Dubai-based flydubai's inaugural flights to Dar es Salaam and Zanzibar touched down in Tanzania. The new routes further underline flydubai's rapid expansion in Africa, which has seen the ...

 Oct 25 2014 - UAE air cargo to grow 4.1 percent in 5 yearsMENAFN
(MENAFN) The International Air Transport Association (IATA) Airline Industry Forecast 2014-2018 shows that international freight volumes are expected to increase at a compound annual growth rate ...

 Oct 25 2014 - Qatar- QSL: El Jaish face Al Gharafa todayThe Peninsula
(MENAFN - The Peninsula) Third-placed El Jaish will seek to narrow the gap between them and two higher placed rivals - Lekhwiya and Al Sadd € when they take on Al Gharafa in the ninth round match of ...

 Oct 25 2014 - Somalia- Mogadishu port on development pathThe Peninsula
(MENAFN - The Peninsula) Camels are prepared for export at the loading dock at the seaport in Mogadishu. The Somali government's grand vision for Mogadishu port under its new Turkish managers sees ...

 Oct 25 2014 - Saudi Shias protest death sentencesThe Peninsula
(MENAFN - The Peninsula) More than 100 people protested in eastern Saudi Arabia yesterday to oppose death sentences against a Shia religious leader and seven others convicted after earlier ...

 Oct 25 2014 - Palestine defies US, issues statehood ultimatumThe Peninsula
(MENAFN - The Peninsula) Palestine's chief peace negotiator has laid out in the clearest terms yet plans to establish an independent Palestinian state within three years, even if it means ignoring ...

 Oct 25 2014 - Police kill six militants ahead of key Tunisian pollThe Peninsula
(MENAFN - The Peninsula) Tunisian police killed six suspected militants, five of them women, in a raid on a suburban house yesterday after a 28-hour standoff, fanning tensions ahead of a landmark ...

 Oct 25 2014 - US looking into possible chlorine gas attack in Iraq: KerryThe Peninsula
(MENAFN - The Peninsula) The United States is looking into reports that Islamic State fighters used chlorine gas against Iraqi security forces, US Secretary of State John Kerry said yesterday.Kerry, ...

 Oct 25 2014 - Qatar- Ooredoo marathon offers QR1m prizesThe Peninsula
(MENAFN - The Peninsula) Registration for Ooredoo Doha Marathon 2015 is open, as the company begins preparations to ensure its biggest event yet on January 9.It will provide an opportunity to meet ...

more...


 






Google

Click to Apply

 
 

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help