Oil Jumps After Saudi Oil Minister Presses OPEC+ for Better Compliance With Production Cuts
Saudi energy minister warns speculators not to bet against the OPEC+ alliance.
Saudi Aramco Announces Two New Fields, One Is Unconventional
The national oil company’s remote northern region has delivered a pair of greenfields that await further drilling before a reserves estimate can be made.
Saudi Arabia/Kuwait Neutral Zone Resumes Production
The joint oil field had been offline since 2015, due to an operational dispute.
Offshore Enters Uncharted Waters
For the offshore sector, the collapse in oil demand and prices came just as the market was beginning to look up. Now many companies are focused on survival. This article discusses how various market segments, regions, and companies are faring in “the new reality.”
Oil Prices Look Worse This Week, Time for Companies To Cut Deeper
US shale operators are cutting deeper, with some eliminating drilling and completions activity altogether.
Historic Oil Glut May Linger for Years
Oil prices got bad fast, so when will they get better? Don’t bet on a quick recovery.
Saudi Aramco Set To Make $110-Billion Investment in Tight Gas
The first of three major unconventional developments in Saudi Arabia has been given the green light. The project will underpin the country's goal to become a top gas exporter by 2030.
Saudi Oil Basins Rich and Complex
Saudi Arabia offers a seemingly bottomless supply of oil and an equally deep array of exploration challenges as well.
Saudi Aramco IPO is a Go, Expected to Be Largest in History
The world’s most profitable company will be listed on a domestic exchange next month. The final valuation of the company is yet to be determined.
Aramco Plan to Restart Damaged Oil Facilities “Optimistic”
Rystad estimates almost 2 million B/D will remain shut in on average during September and October, with full restoration to pre-attack levels not coming until closer to year end.
Supply Shock: Reactions to the Attack on Saudi Oil Facilities
Oil prices rose on the news that Saudi Arabian production was disrupted by aerial attacks. The massive outage might may boost US exports to new highs.
Aramco Advances 550,000-B/D Expansion of Marjan, Berri Fields
The world’s largest oil producer has awarded $18 billion in engineering, procurement, and construction contracts as part of its Marjan and Berri expansion projects.
US Leads World in Oil Reserves
Ranking places US ahead of Saudi Arabia and Russia.
Schlumberger to Sell its Middle East Drilling Business to Saudi Arabia’s TAQA
The deal will bolster Arabian Drilling Company’s fleet to 67 rigs across the Middle East and North Africa.
Ghawar vs. Permian Basin: Is There Even a Comparison?
While some try to put the two enormous oil producers toe-to-toe, the best thing to do might be to understand why they are different.
Three Big Numbers Shaping the Global Crude Picture
Take a quick look at some of the data points shaping upstream headlines and the movement of oil supplies around the world.
Saudi Arabia Pushes for $80 Oil But US Producers See Lower Prices
Saudi Arabia is trying to push oil prices back up but US producers remain wary and uncertain.
Phased Pilot Approach Reduces Uncertainty in Carbonate Steamflood Development
The First Eocene is a multibillion-barrel heavy-oil carbonate reservoir in the Wafra field, located in the Partitioned Zone between Saudi Arabia and Kuwait. After more than 60 years of primary production, expected recovery is low and provides a good target for enhanced-oil-recovery processes.
US Now Top Global Oil Producer But its Limits Are Showing
The US has “likely surpassed” Russia as the world’s largest oil producer, according to a US Energy Information Administration report.
Aramco, NOV To Form Saudi Onshore Drilling Joint Venture
Saudi Aramco’s aim to localize oilfield services in the kingdom is taking another step forward with an onshore drilling partnership with National Oilwell Varco.
Don’t Kill the Chickens, Build Community Consensus
We hear the term “social license” a lot. We have created a new term that people can hide behind and debate endlessly. I believe that we need to take it to the broader level and rethink how we do our work and achieve "community consensus."
Integrated Cemented Inflow-Control-Device System Design
This paper discusses the first deployment of an ICD system combined with an OBC system for a workover operation in a mature producer well in the Kingdom of Saudi Arabia.
In-Situ Fluid-Composition Analyses Improve Reservoir Management
This study focuses on recent experience in Saudi Arabia with crude-oil compositional analyses during pumpout with a wireline formation tester (WFT).
First CO2-Enhanced-Oil-Recovery Demonstration Project in Saudi Arabia
An operator has designed a demonstration project for carbon dioxide (CO2) enhanced oil recovery (EOR) and has implemented it in one of its fields.
Going Deep: Is Deepwater Experiencing a Resurgence?
Saudi Arabia, the Permian Basin, and global deepwater areas have vastly different futures predicted. Is it time for a deepwater renaissance?
First-Time OTC Attendee Gulf Steel Works Reflects Corporate, National Diversification Efforts
A Saudi Arabian steel-fabrication company participates in OTC 2017 for the first time, reflecting a new emphasis on increased investment in Middle Eastern oil and gas infrastructure.
Saudi Aramco Moving Forward on Unconventionals
With the world’s fifth-largest estimated shale gas reserves, there is great potential for Saudi Arabia to replicate North America’s unconventional growth.
Technology-Driven Approach To Develop Shale Gas in Saudi Arabia
Shale-gas resources were explored in Saudi Arabia by adopting a “technology-driven” approach against the US-based approach that might be termed the “factory” or “statistical” approach.
Proppant Fracture for Unconventional Carbonate Source Rock in Saudi Arabia
This paper will discuss the hydraulic-fracturing-stimulation design, execution, and evaluation for the first successful proppant-fracturing treatment in an unconventional carbonate source rock in Saudi Arabia.
Saudi Arabia’s Manifa Offshore Field Development: The Role of Technology
The purpose of this paper is to examine coiled-tubing (CT) -stimulation and -logging technologies used in the timely project execution of one of Saudi Arabia’s largest field developments to enhance matrix-stimulation success in a cost-effective manner.
RoboNodes: Autonomous Seismic Receivers
Saudi Aramco is on a mission to increase the amount of seismic data that it collects by fourfold, while reducing costs and acquisition time by half of what it spends today.
Why Global Shale Development Drags
This is the teaser.
Case Study: Foaming During Startup of Karan Nonassociated Gas
This paper describes Saudi Aramco’s efforts to eliminate early foaming incidents during the commissioning stage of the Karan nonassociated (NA) sour-gas field.
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15 September 2020
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15 September 2020