Saudi Arabia launches its first natural gas storage facility, Hawiyah Gas Storage Facility, marking a significant step towards energy sustainability and reducing dependence on liquid fuels.
India-UAE Strategic Deals: LNG, Nuclear, and Trade
India and the United Arab Emirates (UAE) have recently signed a series of strategic agreements focused on liquefied natural gas (LNG), nuclear energy, and trade, marking a significant enhancement in their bilateral relations. The landmark deals include a long-term LNG supply agreement, a memorandum of understanding for nuclear cooperation, and …
The Role of FEED in Oil & Gas Projects
Discover the crucial role of Front-End Engineering Design (FEED) in oil and gas projects. Learn how FEED impacts cost estimation, risk management, and project planning to ensure successful project execution.
Oil Prices Steady
Oil prices stabilized on Wednesday following a larger-than-expected draw in US crude inventories, despite economic headwinds from China and the euro zone. Brent crude futures rose 0.17% to $86.39 per barrel, while West Texas Intermediate (WTI) crude futures gained 0.13% to $82.92 per barrel. The draw in US crude inventories, …
Saudi Arabia's New Energy Discoveries
Saudi Arabia recently announced major oil and gas discoveries in its Eastern Province and the Empty Quarter. These findings, including unconventional oil fields and significant natural gas reservoirs, underscore the kingdom's strategic importance in global energy markets. Led by Saudi Aramco, these discoveries highlight advancements in oil extraction technology and …
North Sea oil field Buzzard remains shut
The closure of the Buzzard North Sea Oil Field has had a significant impact on the Forties crude surplus, contributing to a balancing effect in the oil market. This closure, although temporary, has led to a reduction in oil production from one of the key sources in the North Sea …
Sand Erosion in Oil & Gas Production
Sand erosion poses a significant challenge in oil and gas production, impacting equipment integrity, operational reliability, and safety. This excerpt explores the complexities of sand erosion, highlighting its causes, consequences, and mitigation strategies. From the abrasive action of sand particles to the development of erosion-resistant materials and advanced monitoring technologies, …
Saudi Aramco’s $12 Billion Share Sale
Saudi Aramco’s recent $12 billion share sale was announced with much anticipation. The process, designed to be swift, began early in the morning and astonishingly concluded within a few hours, demonstrating unparalleled demand. This share sale occurred amid a backdrop of economic uncertainty and fluctuating oil prices, yet its success …
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