Schlumberger and Baker Hugues to lead exploration When Repsol-YPF discovered in 2011 the potential reserves of the Vaca Muerta in tight oil and Los Toldos and Totoral permits, it sent the signal to all the 50 companies having licenses in Argentina to drill more and to take their chance at the benefits of Schlumberger and Baker […]
ReadAbu Dhabi Company for Onshore Oil Operations The Abu Dhabi Company for Onshore Oil Operations (ADCO) was established on 2nd December 1971 in Abu Dhabi, the largest Emirates from the United Arab Emirates (UAE). ADCO was created by the Abu Dhabi National Oil Company (ADNOC) to explore and operate the onshore and shallow coastal water of […]
Read$50 billion of business opportunities in 250 projects On November 19th 2012, the Project Smart Explorer data base reports $50 billion of business opportunities within the 250 active projects in pursuit in the oil and gas and petrochemical industry. These business opportunities are related for: – $18 billion to Electrical products and systems (Switchgears, transformers, motors and generators, cables, lighting, power systems, etc…) – […]
ReadPemex awards Litoral A series of offshore platforms In October 2012, the national oil company Petroleos Mexicanos (Pemex) selected Dragados Offshore from Spain for the Compresion Alta Litoral A (CA Litoral A) project. This CA Litoral A project is part of the Litoral A Pemex‘s program to develop recent oil discoveries in the shallow waters of […]
ReadWorld Bank and European Bank for Reconstruction & Development to provide funding to reduce flared gas The World Bank and the European Bank for Reconstruction and Development (EBRD) are calling the oil companies and the producing countries to cut the gas flaring by 30% in the next five years. According to 2011 estimations, about 140 […]
ReadSchlumberger to deploy horizontal drilling in Russia TNK-BP from Russia and the French-American oil field service company Schlumberger signed a cooperation agreement to develop solutions for hard-to-recover oil and gas reserves. To implement this agreement, TNK-BP and Schlumberger selected the Severo-Khokhryakovskoe field in Western Siberia. The purpose of this agreement is to enhance the oil recovery […]
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