Oman Oil, Orpic Group Inaugurate SRIP
The $2.7 billion project is expected to add around 82,000 barrels per day (b/d) to the current capacity of 116,000 b/d, which will increase the total capacity to around 198,000 b/d.
News / International
Ghawar’s Field Production Reaches 58 B boe in 2018
The largest oil field in the world, Saudi Aramco’s Ghawar field, reached a production capacity of around 58 billion barrels of oil equivalent (boe) in combined reserves and 48.3 billion in liquid reserves.
ADNOC Expands its ICV Program
The Abu Dhabi National Oil Company (ADNOC) declared expanding its In-Country Value (ICV) program through assigning a group of 6 additional third-party certifying bodies.
Saudi’s Consortium Bids to Build Gas Pipeline in Bulgaria
The consortium offered constructing the pipeline by around $1.2 billion by the end of 2020.
SABIC to Proceed with its Growth Plans
The company’s plans will not be affected by the 70% stake purchased by Saudi Aramco for around $69.1 billion.
ADNOC Drilling Completes its First Integrated Drilling Services
ADNOC Drilling, a subsidiary of the Abu Dhabi National Oil Company (ADNOC), announced completing its first ‘integrated drilling services’ well in the Al Dabbyia onshore field.
Shelf Drilling Wins 3-Year Jack-Up Rig Contract
Shelf Drilling announced winning a three-year contract for High Island V jack-up rig for its existing customer.
Oman Oil, Orpic Group to Inaugurate $2.7 B Refinery
The project aims to maximize the value of Omani crude oil to fulfill the increasing demand for oil and refined products nationally and internationally.
OPEC Struggles to Keep Russia Longer in Oil Cuts
Saudi Arabia struggles in persuading Russia to stay longer with the Organization of Petroleum Exporting Countries (OPEC)’s strategy of oil cuts.
Aramco to Issue $10 B Bonds
As the world largest oil firm, this move is seen as an indicator of how well the company operates, with its only debt issuance so far.
