Asia PacificBusinessExploration & ProductionFront PageIn FocusMarketsMiddle EastNews DeskProductsRefining & Petrochemicals
75 years: Saudi Arabia's Diamond Era
KPC Silver Jubilee
Naimi ... the world has plenty of oil
Saudi Arabia's Diamond Era
Saudi Arabia hits oil bonanza in momentous year
Saudi Aramco marks the 75th year of oil exploration with a fresh initiative to tap more oil and expand its refineries
SAUDI Arabia celebrates the 75th anniversary of the May 29, 1933, concession agreement with American company, Socal seeing a record oil bonanza of $260 billion and an ambitious five-year master-plan by its flaghip oil company Saudi Aramco to increase its fresh drilling activity by a third and hike investments levels by 40 per cent.
Dana Gas to invest over $500 million
The company has major projects under way in Northern Iraq, Egypt, UAE even as it looks to expand in the GCC and North Africa
DANA Gas, the Middle East’s first and largest regional private-sector natural gas company, has announced investments of over $500 million this year in the company’s projects in Northern Iraq, Egypt and the UAE.
SETF gearing for big changes
Saudi Electrical Transformers Factory has decided to increase its current production capacity by opening a second plant
THE Saudi Electrical Transformers Factory (SETF), one of the most modern and high-tech manufacturer of electrical transformers in Saudi Arabia and the Middle East, is gearing up to face the big changes to come in the wake of increased competition.
Shell/Aramco JV spuds fourth well in gas block
The partnership has pledged to complete the exploration, which calls for drilling seven wells
Saudi Arabia’s South Rub Al-Khali Company Limited (Srak), a partnership of Shell and Saudi Aramco, has spudded the fourth exploration well in its natural gas concession, the first after three previous exploration wells failed to strike gas.
Saudi Arabia applies brakes
The kingdom’s oil production strategy has for many years been based on maintaining about 2mbpd of spare capacity
SAUDI Arabia’s decision to call a halt to major new oilfield developments has added to concerns about long-term global oil supply, following indications that Russia’s plans to boost its crude output had hit the buffers.
Discovery that rewrote a kingdom’s destiny
The kingdom’s economic prosperity, its leading role in Opec and its global economic influence, stem directly from the sheer volume of “black gold” lying beneath the desert and sea of the Eastern Province
IN 1938, after five years of frustrated searching, the American geologists of Standard Oil of California (Socal), decided that Dammam Well No 7 should be drilled “a little bit deeper”.
Aramco to boost refining with Ras Tanura upgrade
The Ras Tanura refinery upgrade project changes the configuration of the hydroskimming refinery to a full conversion refinery
OVER the past decade, Saudi Aramco has grown from mainly an oil and gas producing company to an integrated company with substantial shipping and refining assets.
Winning with the Master Gas grid
Saudi Aramco forecasts that domestic gas demand will nearly triple by 2030 and the company is on a drive to boost the kingdom’s reserves of non-associated gas by 100 trillion cu ft over the next 10 years
THE flares went out in Saudi Arabia, but no one missed them. Once burned, the gasses that fed the flares are being put to use.
Dana Gas profit up 19 per cent
Growth was mainly driven by an increase in oil prices that have resulted in high returns
UAE-based Dana Gas says its first-quarter net profit rose to 25 million dirhams ($6.81 million), up 19 per cent from the year-ago period, helped by record oil prices.
Leading a revolution in fibreglass
Future Pipe Industries wins $138 million contract to supply pipe systems for Ras Laffan project in Qatar
DUBAI-based Future Pipe Industries Group (FPI), has won a $138 million (QR505 million) contract to supply Fibre strong fibreglass pipes and fittings for Phase 2, category II, of the project to expand the seawater cooling facility at Ras Laffan Industrial City, in Qatar.
Opportunity out of a challenge
Aramco has embarked on an expanded exploration programme, designed to grow the kingdom’s proven resources of oil and natural gas
THE world counts on Saudi Aramco to deliver a reliable supply of petroleum.
Aramco tells tech experts to deliver
Aramco hopes its oil in-place will rise from 716 billion barrels now to 900 billion by 2025 as new reserves are added
SAUDI Aramco is deploying cutting-edge technology to boost both its proven reserves and recovery rates from its giant fields.
Building landmark projects
IBSF, a leading pre-engineering and structural steel buildings manufacturer, aims to go global by opening new facilities
INTERNATIONAL Building Systems Factory (IBSF), a leading pre-engineering and structural steel buildings manufacturer, plans to go global and is looking at having its facilities outside Saudi Arabia in North Africa and India.
Sap performs key role in Saudi modernisation
In Saudi Arabia, Sap solutions support Saudi Aramco, along with Saudi Electricity Company (SEC), Saudi Arabian Airlines, Saudi Basic Industries Corporation (Sabic), Saudi Arabian General Investment Authority (Sagia) and countless small businesses
MODERNISATION efforts now under way in Saudi Arabia will soon place the kingdom among the world’s most competitive nations.
Building on decades of success
Nesma & Partners’ construction expertise is constantly improving with the application of new technologies
NESMA & Partners Contracting Co Ltd (Nesma & Partners) has been associated with Saudi Aramco as a contractor and a trader for almost three decades.
Cutting-edge R&D drives progress
Advanced analytical techniques are used by Aramco to see the effects of the drilling activities on wells and to deeply analyse the catalysts
WORDS like bioengineering and nanotechnology a few years back would have brought to mind a science fiction book or film; however, now those are just a couple of the emerging technologies being employed at Saudi Aramco’s Research and Development Centre in Dhahran.
Safety, hallmark of GD Bandlock
Compared with other quick-opening closures BandlockTM 2 can be operated safely at remarkable speed with no special tools required
GD BandlockTM 2 is the original benchmark design for global high-pressure applications providing horizontal or vertical access to pipeline pig traps, filters, coalescers, strainers, separators, metre skid systems, hydrocyclones or any pressure vessel in seconds.
Pessimism not warranted: Naimi
The kingdom has undertaken a massive programme to raise its crude output capacity to 12.5 million bpd by the end of 2009
SAUDI Arabian oil minister Ali Al Naimi has told the world’s leading oil producing and consuming countries that pessimism about future supply of oil was “unwarranted and that the current tightness in world oil markets was due to “limited capacity along the entire supply chain.”
Aramco plans to award Manifa work
The development of Manifa is regarded as crucial to Riyadh to hit its target of increasing production capacity
Three international contractors have emerged as frontrunners to win more than $3 billion worth of engineering, procurement and construction (EPC) contracts on Saudi Aramco’s 900,000-barrel-a-day (bpd) Manifa oil field.
Dynamic industrial conglomerate
Al Qahtani Group’s oil and gas division was set up after the discovery of oil in Saudi Arabia and since then, it has been a major supplier of various products and services
THE Abdel Hadi Abdullah (Tariq Al-Qahtani & Bros) Group initially started business with its first company Abdel Hadi Abdullah Al-Qahtani & Sons Co in the early 40s of the 20th century as a wholesaler and supplier of food products.
How they built Saudi Arabia from scratch
The pioneers of partnership were private individuals, and it was a measure of Abd Al-Aziz’s wisdom that he took advantage of what they offered to improve the lives of his subjects
In the early decades of the 20th century, the people of what is today Saudi Arabia lived lives of considerable austerity.
Ambitious oil project to help fill demand
After Khurais, Saudi Arabia will have only one known megafield left to develop, the even more challenging Manifa field, offshore in the Arabian Gulf
NEXT year Saudi Arabia plans to turn open the largest oil field to come online anywhere in the world since the late 1970s.
The king of crude marches on
From its headquarters in Dhahran on the eastern shores of the Arabian Peninsula, Saudi Aramco manages virtually all of Saudi Arabia’s enormous hydrocarbon enterprise
The world’s largest state oil company, Saudi Aramco’s oil operations encompass the Kingdom of Saudi Arabia, including territorial waters in the Arabian Gulf and the Red Sea.
Herculean task ahead for Srak
South Rub Al-Khali Company's mandate is to explore and commercially develop non-associated gas, condensates and natural gas liquids (NGL) in two contract areas in the southwest of the kingdom
SOUTH Rub Al-Khali Company Limited (Srak) was incorporated as a joint venture company between Shell Saudi Ventures Limited and Saudi Arabian Oil Company on December 17, 2003 which commenced operations on January 26, 2004.
Pultrusion pioneer of Middle East
Saudi Pultrusion Industry, which has set up the first pultrusion plant in the region, says fibre reinforced plastic (FRP) is the material of the future as it scores over other traditional ones such as metal and timber
SAUDI Pultrusion Industry (SPI) – a manufacturer of high-technology fibre reinforced plastics (FRP) products for industrial and recreational use – claims the distinction of having set up the first pultrusion plant in the Middle East.
Proving its metal in tanks
With demand for steel products on an increase in Saudi Arabia, Al-Zamil Metal Works Factory is rising to the occasion with an aggressive plant upgradation plan for its Jeddah facility
AL-ZAMIL Metal Works Factory (AZMWF), well known in Saudi Arabia for the design, supply and manufacture of steel products including pressure vessels and other associated piping products has taken big strides to upgrade and modernise its fabrication factory.
GSC leading the corrosion protection market
Escalating demand in protective coating services in the Saudi market has prompted a three-fold expansion at Global Suhaimi Company, the corrosion protection and concrete rehabilitation leader
IN order to meet the escalating demand in protective coating services in the Saudi market, Global Suhaimi Company (GSC) has increased its manpower and equipment resources three folds in less than two years, says Eng SA Nizam, general manager, GSC.