Israeli premier Golda Meir once said, “Moses took us 40 years through the desert in order to bring us to the one spot in the Middle East that has no oil”. We look at the history of oil exploration in this region.
Admire soaring, fjord-like walls of Mesozoic limestone as you glide through the Strait of Hormuz by dhow, the type of traditional wooden ships that today share this strategic waterway with supertankers and flotillas of Iranian smugglers’ speedboats.
Saudi Arabia’s leadership recently floated part of its giant state oil company, Saudi Aramco, on the Saudi stock exchange, selling shares in what was the biggest IPO (Initial Public Offering) in history. We talk to Dr Ellen Wald, author of Saudi Inc.: The Arabian Kingdom’s Pursuit of Profit and Power, about the importance of the Saudi Aramco IPO to the oil and gas industry.
Leviathan, the giant Israeli gas field discovered by Noble Energy in 2010, delivered its first gas to the Israeli domestic market in December 2019, with the first exports, to Egypt and Jordan, following in January 2020.
Strike-slip motion – with a dash of divergence – along the Dead Sea transform fault has created a rugged landscape of arid, cliff-girt plateaus towering above the Dead Sea, the lowest exposed point on Earth.
The Middle East is best known for its conventional oil and gas reserves, which have been a critical part of the world’s supply for nearly a century. Could the US shale revolution be transferred to the Middle East? Maybe – but geology is not the only factor in the shale revolution.