Saudi Arabia is hoping to extract more crude from the worlds largest oilfield using new technology, the countrys biggest oil producing company has said.
Industry
Saudi Arabia ‘must tame energy use’
Saudi Arabias central bank governor has warned that the kingdom must tame growth in its domestic oil and gas consumption, which are too big for both its population growth and the size of its economy.
Iraq’s proven oil reserves to rise
Iraq has increased the official size of its proven oil reserves with new data suggesting that they have reached 143.1 billion barrels of oil, up from a previous 115 billion barrels, the countrys Oil Minister Hussein al-Shahristani has said.
Oilfield services to 'bounce back'
Schlumberger, the worlds largest oilfield services company, has posted a profit that edged out market forecasts and forecast a quicker industry recovery outside North America.
p>Schlumberger, the worlds largest oilfield services company, has posted a profit that edged out market forecasts and forecast a quicker industry recovery outside North America.New wells to be drilled in Iraq field
The initial development plan agreed by Royal Dutch Shell, Malaysian partner Petronas and Iraqi oil officials includes inviting oil service firms to drill 15 new wells, an Iraqi oil official said recently.
p>The initial development plan agreed by Royal Dutch Shell, Malaysian partner Petronas and Iraqi oil officials includes inviting oil service firms to drill 15 new wells, an Iraqi oil official said recently.More Articles …
