Libya oilfields restart fuels concerns about global glut
Libyas Sharara and El Feel oilfields returned to production this week after protests which blocked the pipelines came to end
E&P
Oman Oil Company and Shell sign exploration agreement
Oman Oil Company (OOC) and Shell Exploration have signed a heads of agreement to work together on Oman Block 42
Global oil discoveries and new projects fell to historic low last year
Global oil discoveries fell to a record low in 2016 as conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency
Saudi Aramco launch new application for improved reservoir management
A new tool, named Reservoir Engineering Integrated Environment (REOnline), helps engineers to better plan, develop and manage the company’s fields and reservoirs
Second major contract signing boosts ENOC refinery expansion
Rotary Engineering have been awarded a construction contract for 12 storage tanks with a capacity of 450,000m3, that have been designed to latest and highest industry standards as part of a US$1 billion expansion project which will increase capacity by 50 per cent
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