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Proven reserves

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...

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Saipem in brief

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....

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Saudi Aramco back at work to increase Saudi upstream capacities

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...

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Sonatrach to boost production in Alrar gas field in Eastern Algeria

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...

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Saudi Arabia to test shale gas viability in Empty Quarter

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...

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Saudi Aramco already at work on Manifa Expansion project

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...

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