Here is a brief overview of the week’s news on Oil Review Middle East, from 18th June - 22nd June 2017
Saudi Arabia takes top position in global recoverable oil ranking
In its annual review of global oil resources, Rystad Energy has found that Saudi Arabia effectively added more recoverable oil resources, thereby retaking its top position ahead of the United States and Russia, with total recoverable oil resources reaching to 276bbo in the country. Click here to read the full story.
Exploring Sulzer and Ensival Moret's partnership in pumps for the oil and gas industry
In January 2016, Sulzer completed the acquisition of the Ensival Moret pump business and brand from the Moret Industries Group. Click here to read the full story.
Proven Saudi Arabia announce expansion into Saudi region of Al Khobar due to an increase in business demand
Proven Saudi Arabia, the leading business support services provider for the Kingdom, have announced its expansion into Al Khobar. Click here to read the full story.
Weatherford introduce cased-hole evaluation system for enhanced oil recovery
Weatherford International plc announced the commercial release of the Raptor™ 2.0 cased-hole evaluation system on 19 June 2017 at the Society of Petrophysicists and Well Log Analysts Annual Symposium. Click here to read the full story.
CGG: Geostatistical seismic reservoir characterisation brings more accurate understanding of the reservoir
CCG wrote this article, which was published in the EAGE Daily News, and promoted the topic at the EAGE show in Paris last week. Click here to read the full story.
Honeywell launches multi-path ultrasonic gas flow meter
Honeywell Process Solutions has launched a new gas flow meter Q.Sonic, featuring the first eight-path ultrasonic meter that combines both reflective and direct paths, aiming to meet the individual operational demand. Click here to read the full story.
Artificial lift system market is set to boom in 2022
North America, the market leader for artificial lift system in 2015, is expected to get surpassed by LAMEA by 2022, as oil reserves in Saudi Arabia have reached the maturity stage and companies are implementing enhanced oil recovery techniques to extract oil to commence deep drilling in order increase productivity. Click here to read the full story.
