Organizations
ENI Tells El Sisi “Zohr Gas Field” Flows By end 2017

During a recent meeting between ENI CEO Claudio Descalzi and Egyptian President Abdel el Sisi, the ENI CEO disclosed that his firm would have the massive Zohr natural gas field online by the end of...

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OPEC Crude Oil Plunges below $30 for First Time Since 2004

The price of crude sold by OPEC members slid below $30 a barrel, the lowest level in almost 12 years, as turmoil in Chinese markets deepened the global commodities rout. according to data compiled by...

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Oil Shrugs as Glut Blunts Shock from Deeper Saudi-Iran Clash

At almost any other time, an escalating diplomatic conflict between OPEC members Iran and Saudi Arabia would mean a spike in oil prices. That the rally this time couldn’t be sustained shows just...

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Oil price may gradually rise to reach $80 in 2020

Now most of OPEC member countries became unable to balance their budgets at current prices. Hence, OPEC is assuming the oil price will rise gradually to $80/b in 2020 as supply growth outside the...

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OPEC maintains production during 1st half 2016

The Organization of Petroleum Exporting Countries decided to maintain its output at 31.5 million barrels per day, group president and Nigerian oil minister Emmanuel Ibe Kachikwu said after the...

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ASRY Board Approves 2016 Budget

ASRY Board Approves 2016 Budget   Chairman of the Board of ASRY reveals stable performance for year so far  ASRY, the leading ship and rig repair yard in the Arabian Gulf The Board of Directors of...

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OPEC maintains crude production during the coming six months

The Organization of Petroleum Exporting Countries decided to maintain its output at 31.5 million barrels per day, group President Emmanuel Ibe Kachikwu said after the December meeting of OPEC...

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OPEC Sees 2015 Supply Surplus Rising

The collapse in oil prices – almost 60 percent since June – is accompanied by falling in the demand for OPEC oil to its lowest in a decade. In its monthly report, the Organization of the...

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SIDF and GOIC sign a Memorandum of Understanding

On the side-lines of the Industrial Development Forum for Promising Regions held in Riyadh SIDF and GOIC sign a Memorandum of Understanding On the side-lines of the Industrial Development Forum for...

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Society of Petroleum Engineers

Background SPE is a not for profit professional association whose members are engaged in energy recourses development and production. SPE is a Key resource for technical Knowledge related to the oil...

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