Saudi Aramco is reportedly considering its first overseas gas project by investing in Equinor’s activities in the Marcellus Shale, according to Kallanish Energy.
State-owned Saudi Aramco and Norwegian giant Equinor are in talks for interest acquisitions or joint ventures in the Marcellus Shale. Equinor currently operates over 344,000 acres in the Marcellus Shale.
Saudi Arabia is looking at diversifying its economy and reducing dependence on oil, under the plan Saudi Vision 2030.
Learn more: Kallanish Energy > Saudi Aramco considering U.S. shale project with Equinor
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