Saudi Arabia
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The acquisition marks a significant step forward in H&P’s international expansion strategy.
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The contractor will provide 17 pipeline centrifugal compressors for Aramco’s ongoing project in Saudi Arabia.
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The US has had a lackluster response to the emergence of the technology, currently lacking any comprehensive roadmap for adoption, which translates into a low adoption rate.
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SponsoredWhat are we, in the upstream oilfield service companies, doing about it? The Middle East upstream oil and gas industry is shifting its focus to unconventional and tight-gas resource development.
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The authors of this paper discuss Saudi Arabia’s progress in gas flaring, the measures the government has taken, and how operators have adapted.
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Projects in the running include one each from Nigeria, Saudi Arabia, and Guyana.
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The reduction is the largest OPEC+ has made since April 2020, but it may translate to a cut of only 1.1 million B/D because of underproducing members.
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If OPEC's expectations for demand hold true, the 13-member exporting group will need to add more than 3 million B/D to the market by the end of next year.
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The 23-country group is seeking to end its historic supply cuts a month early as oil prices march upwards.
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Saudi looks to increase natural gas role in electricity production.
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