--> could help a bit the sector of Oil services
Saudi Aramco Plans to Invest More Than $40b/Year For Next Decade
2014-08-25 09:36:13.278 GMT
By Mikael Holter
Aug. 25 (Bloomberg) -- Saudi Aramco plans to maintain
maximum oil output capacity at 12m b/d, aims to double gas
production, CEO Khalid Al-Falih said in Stavanger today.
* CEO says shale oil/gas, ‘one of best things’ to have
happened; have kept prices in a band
* Geopolitical events clouding outlook, costs/risk likely to
put downward pressure on supply; also ‘bullish factors’ that
offset that picture, Al-Falih says
* Company’s project costs have about doubled during last 10
years; recruitment has become ‘acute challenge’
Link to Company News:{131861Z AB <Equity> CN <GO>}
For Related News and Information:
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First Word newswire: {NH BFW<GO>}
To contact the reporter on this story:
Mikael Holter in Oslo at +47-22-00-8209 or
mholter2@bloomberg.net
To contact the editor responsible for this story:
Alastair Reed at +47-22-00-8212 or
areed12@bloomberg.net
2014-08-25 09:36:13.278 GMT
By Mikael Holter
Aug. 25 (Bloomberg) -- Saudi Aramco plans to maintain
maximum oil output capacity at 12m b/d, aims to double gas
production, CEO Khalid Al-Falih said in Stavanger today.
* CEO says shale oil/gas, ‘one of best things’ to have
happened; have kept prices in a band
* Geopolitical events clouding outlook, costs/risk likely to
put downward pressure on supply; also ‘bullish factors’ that
offset that picture, Al-Falih says
* Company’s project costs have about doubled during last 10
years; recruitment has become ‘acute challenge’
Link to Company News:{131861Z AB <Equity> CN <GO>}
For Related News and Information:
First Word scrolling panel: {FIRST<GO>}
First Word newswire: {NH BFW<GO>}
To contact the reporter on this story:
Mikael Holter in Oslo at +47-22-00-8209 or
mholter2@bloomberg.net
To contact the editor responsible for this story:
Alastair Reed at +47-22-00-8212 or
areed12@bloomberg.net