OPEC
The Texas Railroad Commission (RRC) finds itself at the center of the global policy for balancing the oil production with the current consumption as the only legal authority in US having the power to regulate Texas production. Without an agreement among the US producers in Texas, the global price war with Saudi Arabia and Russia will continue until one of the player is giving up the game. But can the RRC really do it?
On Friday April 10th, the OPEC members and the non-OPEC oil producing countries, the so-called OPEC+, signed an agreement to cut the crude oil production by 9.7 million barrels per day (b/d).
Aramco to begin with Ahmar-1 gas field development In 2012 Saudi Aramco discovered the Ahmar-1 field of non-associated gas in the deep water of the Red Sea approximately 24 kilometers northwest of Duba in the Tabuk Province on the west coast of Saudi Arabia. In following Saudi Aramco announced $25 billion capital expenditure in exploration production […]
ADCO evaluate offers for NEB-3 Onshore EPC contract The United Arab Emirates (UAE) Abu Dhabi Company for Onshore Operations (ADCO) is currently evaluating the offers for the third phase of the North East Bab (NEB-3) project onshore Abu Dhabi. As the other projects Upper Zakum, Umm Al-Lulu or Al-Nasr, NEB-3 is part of the giant […]
ADCO to invest $1 billion in Shahil, Qusahwira, Mender Abu Dhabi Company for Onshore Oil Operations (ADCO) is activating the South East Full Field Development (FFD) project related to Asab Sahil, Qusahwira and Mender crude oil fields in the southeast of the United Arab Emirates (UAE). This project is part of Abu Dhabi program to […]
Adma-Opco call for technical bid on Al-Nasr Full Field Abu Dhabi Marine Operating Company (Adma-Opco) published the deadlines for the engineering companies to submit their technical offers for the Al-Nasr Full Field Development project offshore Abu Dhabi in the United Arab Emirates (UAE). As Al-Nasr Full Field Development project, Adma-Opco intents to proceed to the second […]
USA Key Projects and Business Highlights In June 2013, the US energy agency, Energy Information Administration (EIA) updated its estimation of the shale gas reserves in the world and published its first estimations for the shale oil where USA ranks in the Top 5 countries in both cases. According to the 41 countries analyzed by the EIA, […]
Shell to replicate Pearl GTL with Lousiana GTL project Since the South Africa company Sasol had announced last year to select its site in Lake Charles in Westlake of Calcasieu Parish in Louisiana, Shell opted also for the Lousiana Gulf Coast for its gas-to-liquids (GTL) project in USA. At the CERAWeek, last year, Shell CEO Peter […]
