Latest News on Promising Gas Exploration: Explorations but No Revenues
With the House of Representatives' approval of the draft budget law for the next two years, and citizens not experiencing any real livelihood improvements, the authorities in Bahrain returned to their well-known game, by which they sell an illusion, as they made promises of new explorations in the oil and gas sectors.
Bahraini Dissident: Saudi Arabia Angry at Bahrain due to Oil Minister's Statements
The National Oil and Gas Authority issued a statement in which it denied what the Al-Ayyam newspaper published on the behalf of the Oil's Ministry Mohammed bin Khalifa Al Khalifa regarding the oil discovery in the recently discovered block 4 in the Gulf of Bahrain.
Bahraini Gov’t Gives Up Oil Extraction: What’s the Future of “Historic Oil Discovery”?
In an unprecedented step in the region, Bahrain announced on (June 2, 2019) allowing foreign companies to own 100% in projects of natural oil and gas extraction inside the country.
US Ambassador to Join Bahrain Oil Minister on Tour to Promote Oil Discovery in Bahrain
US Ambassador Justin Siberell said he looked forward to accompanying Bahraini Oil Minister Mohammed bin Khalifa Al Khalifa to Houston to promote an oil field that Bahrain says it has discovered.
First Shale Oil Well to be Pumped within Next Two Months, Says Tatweer Petroleum Official
The production process of the first shale oil well in Bahrain will begin next April or May, said a Tatweer Petroleum official.
Oil Minister: Shear Zones Surveys Taking Place
Bahraini Oil Minister Mohammed bin Khalifa Al Khalifa said that a petroleum development company is currently conducting surveys of the shear zones with a company, without mentioning further details.
Bahrain King Hints at Continued Need for Gulf Support until "Oil Discovery" Feasibility Proved
Bahrain's King Hamad bin Isa Al-Khalifa hinted on Wednesday (October 3, 2018) that his country would remain dependent on support of Gulf states until the feasibility is proved of the oil discovery announced by Bahrain earlier this year.
Bahrain Tries to Attract US Companies to Invest in Oil Shale Field under Suitable Conditions
The Oil Minister Mohammed bin Khalifa Al Khalifa said that his country is trying to attract American investors in the oil shale industry under suitable conditions.
Bahrain Crown Prince Calls for Attracting Int’l Companies to Explore New Oil Field
Bahraini Crown Prince has called for developing necessary mechanisms for inviting and attracting international companies to invest in the new oil field.
Bahrain's Oil Reserves will Last Less than 7 Years, New Discovery could Extend it to 33 Years: Report
An economic find said that Bahrain's onshore oil reserves, which the US Energy Information Administration (EIA) estimates at 125 million barrels, will last less than 7 years at the current rate of production.
Oil Minister: We Seek to Attract Foreign Investments for Discovered Field
Oil Minister Mohammed bin Khalifa Al Khalifa said that the National Oil and Gas Authority is currently drilling the oil wells that were recently discovered in Bahrain.
Analysts: Oil Discovery Won't Yield “Significant Economic Windfall” for Bahrain
Oil and gas analysts at BMI Research said that they do not expect Bahrain’s recent discovery of a large oil and gas field to yield a “significant economic windfall” for the country.
“Khaleej Al Bahrain” Field Nears Saudi Maritime Border, So What’s Riyadh’s Stance?
Saudi Arabia has so far refrained from making a formal statement on the huge oil discovery in Bahrain.
Moody’s: Oil Discovery in Bahrain Could Stimulate Investment if Int’l Companies Verified it is Recoverable
The oil discovery announced by Bahrain , if verified by an international oil consortium as being technically and economically recoverable, could stimulate private investment in the country's energy sector in the near term, according to Moody’s.
Analysis: Extracting Oil from Discovered Bahraini Field would be First of its Kind in World if Successful
A report issued on World Politics Review website stated that the nature of the new oil discovery in Bahrain is “an offshore shale oil field, which if successful would be the first of its kind in the world.”
Reason behind Official Saudi Silence towards Bahraini Oil Discovery?
So far, Saudi reactions to this discovery have been limited to popular Twitter pages who have sent good wishes to Bahrain amid official state silence.
King of Bahrain Gone Mad; Incapable of Picturing Bahrain Dilemmas
Bahrain is truly an international destination, attracting athletes, musicians, and fans of temporary pastime, yet its public debt is of $24 M, and is limitless. Be that as it may, “The Kingdom is heading towards more welfare and prosperity with God’s help”. This is what the King reassures us with. But how would that be possible? Only God knows.
Why Did Bahrain’s Oil Minister Change his Remarks on Rock Oil Discovery?
The “cost of extraction” should be the secret key to addressing the truth of this discovery. It is the “Achilles heel” of Bahrain which should make us wary of going a long way in applauding it.
Int’l Newspapers and Think Tanks View of Bahraini Oil Discovery?
Bahrain’s biggest-ever oil discovery couldn’t have come at a more crucial time, but anyone expecting a sudden revival in the country’s financial fortunes is likely to be disappointed.
Bahrain Asked Credit Rating Agencies to Improve their Financial Status after Oil Discovery
The Central Bank of Bahrain (CBB) said it had approached credit rating agencies to improve Bahrain's credit status in light of the country's biggest oil discovery.