Libya
Aramco Manifa Expansion to maintain KSA production The state-owned Saudi Aramco company is already considering the Manifa Expansion project as part of the Kingdom of Saudi Arabia (KSA) strategy to maintain its full production capacity of crude oil in respect with the Organization of the Petroleum Exporting Countries (OPEC) quotas. With a production capacity of […]
Saudi Aramco at FEED for three shale gas projects Saudi Aramco is preparing to award front end engineering and design (FEED) contracts to develop shale gas reserves as pilot projects in three different basins of Saudi Arabia. Despite all the challenges to implement the hydraulic fracturing techniques in Saudi Arabia, the Kingdom is keen to […]
Petrofac and Bonatti awarded Alrar Extension Project The London-based engineering company Petrofac and its Italian partner Bonatti have been awarded by the national oil company (NOC) Sonatrach the engineering, procurement and construction (EPC) contract for the extension of the Alrar gas field in Eastern Algeria. With this Alrar Gas Field Extension project, Sonatrach is aiming at maintaining […]
Saudi Aramco to expand Khurais and Shaybah oil fields After years to push ahead its refining and petrochemical activities, Saudi Aramco is coming back to its upstream core business in preparing the expansion of the giant Khurais and Shaybah oil and gas fields. As the most influential member of the OPEC organization, Saudi Arabia is […]
Tackle each challenge with safe, reliable and innovative solutions Headquartered in San Donato Milanese, next to Milano in Italy, Saipem is a subsidiary of the Italian national oil company ENI S.p.A. (ENI) operating in the engineering and contracting services. Previoulsy wholly owned, ENI floated 57% of the shares in 1984 in Milan Stock Exchange. Initiated in […]
Definition Proven reserves is an industry term that means oil or gas that has been discovered and could be produced with today’s technology. Comments The world consumes about 89 million barrels of oil per day, or 32.5 billion barrels per year. The industry describes a field as giant if it has more 500 million barrels of […]
