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Archive for September 2, 2007

Four companies bid for UAE sour gas project

Reuters

By Simon Webb

DUBAI, Sept 2 (Reuters) - Four international oil companies have bid for a multibillion-dollar project to develop the Shah sour gas field in the United Arab Emirates, company and industry sources said on Sunday….

ConocoPhillips …, Exxon Mobil …, Occidental Petroleum … and Royal Dutch Shell … were all in the race for the project. The gas has a content of around 30 percent of potentially deadly hydrogen sulphide, making it tougher to produce than conventional gas reserves….(emphasis by folc.ca; Full Story and links)
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Note by folc.ca: Given that the UAE presently forbids stock-piling and long-term storage of sulphur, that will increase the sulphur glut on the world market to an enormous extent.

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