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Stock impact report

Saudi Aramco bringing shale gas revolution to Arabian Desert [Yahoo! Finance Canada]

Halliburton Company (HAL) 
Last halliburton company earnings: 4/20 06:45 am Check Earnings Report
US:NYSE Investor Relations: ir.halliburton.com
Deep in the sands southeast of Saudi Arabia's giant Ghawar oilfield, state oil company Aramco is pushing ahead with a natural gas megaproject that could boost the kingdom's revenues by billions of dollars in the coming years. It has brought in U.S. and Chinese firms like Halliburton and Sinopec to deploy advanced machinery - including 'walking ?rigs', towering structures capable of moving short distances without dismantling and reassembling - to speed up drilling and well completions at the Jafurah basin. While the kingdom has scaled back its futuristic giga-projects and reversed plans to lift oil capacity, Aramco - the world's biggest ?oil exporter - has raised its gas production targets with this $100 billion bet at the centre, as it seeks to become a major global natural gas player. Jafurah, estimated to contain 229 trillion standard cubic feet of raw gas and 75 billion barrels of condensate, is potentially the biggest shale gas development outside the U.S. For decades, Sa Show less Read more
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