Exploration & Production

Saudi Arabia takes top position in global recoverable oil ranking

RystadIn 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

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Proven Saudi Arabia announce expansion into Saudi region of Al Khobar due to an increase in business demand

16487528 1007485329395701 5868903727347467855 oProven Saudi Arabia, the leading business support services provider for the Kingdom, have announced its expansion into Al Khobar

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Weatherford introduce cased-hole evaluation system for enhanced oil recovery

1388085564910Weatherford 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

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Artificial lift system market is set to boom in 2022

8583645470 9a5344f692 zNorth 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

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US to dominate global oilfield equipment rental market from 2017-2022

OilfielsIn the recent report on oilfield equipment, the leading market research company Research and Markets declared that the global rental market of oilfield equipment is projected to grow at a CAGR of 3.87 per cent from 2017 to 2022, with reaching a market size worth US$20.55bn by 2022

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