by John Konrad (gCaptain) The United Kingdom opened a permanent naval base in Bahrain on Thursday. The ceremony formally opening the UK Naval Support Facility was attended by Bahraini Crown Prince Salman bin Hamad Al Khalifa and Britain’s Prince Andrew. The Naval Support Facility will play a central role in the UK’s ability to operate in the region, and will be the hub of … [Read more...]
Bahrain Says Offshore Discovery Contains an Estimated 80 Billion Barrels of Tight Oil
MANAMA, April 4 (Reuters) - A new discovery off the coast of Bahrain is estimated to contain at least 80 billion barrels of tight oil, the kingdom's biggest ever find, Bahrain’s oil minister said. Bahrain said on Sunday it had discovered extensive tight oil and deep gas resources off the west coast of the kingdom. Independent appraisals by U.S.-based oil consultants … [Read more...]
Bahrain’s Biggest Offshore Oil Find Since 1932 Dwarfs Reserves
By Mohammed Aly Sergie (Bloomberg) -- Bahrain, the smallest energy producer in the Persian Gulf, discovered its biggest oil field since it started producing crude in 1932, according to the country’s official news agency. The shale oil and natural gas discovered in a deposit off the island state’s west coast “is understood to dwarf Bahrain’s current reserves,” Bahrain News … [Read more...]