Energy

With a radical overhaul of its energy sector planned, Brunei Darussalam is looking to ramp up production at the wellhead while expanding downstream activities through a long-term programme that is intended to quadruple national revenue and boost employment.

A medida que las dificultades económicas ensombrecen a la mayor parte del hemisferio norte, los inversionistas centran cada vez más su atención en los vastos y relativamente intactos recursos del Perú. Sin embargo, recientes cortes de energía, particularmente en algunos centros mineros e industriales en el norte, han puesto sobre tapete nuevamente la necesidad de desarrollar la infraestructura energética del país.

Having established itself as the world’s leading supplier of liquefied natural gas (LNG), Qatar is now looking to bring a new processing facility online to support a projected jump in local industrial activity.

Saudi Arabia has boosted oil production to near record highs, reaching levels of output and exports not seen since before the global economic crisis. According to official data issued in mid-August by the Joint Organisation Data Initiative (JODI), Saudi Arabia increased its crude oil production from 8.89m barrels per day (bpd) in May to 9.76m bpd in June, with overseas shipments averaging 7.38m bpd, the highest since October 2008.

With a recent increase in oil production and global crude prices above $100 per barrel, Kuwait is expected to run a substantial fiscal surplus in 2011 thanks to its hydrocarbons export revenues. But the country is looking beyond the market for crude oil and investing in refineries both at home and abroad.

With significant recent gas discoveries off the coast of Sabah, excitement about the country’s future as an oil and gas producer is growing. In the meantime, the national oil giant Petronas is moving forward with its plans to ensure Sabahans receive the necessary training to meet the need for skilled workers in the oil and gas fields.