The deal with project developer Sempra includes Saudi Aramco netting 5 mtpa of LNG offtake and a 25% equity stake in Phase 1 of the export terminal, which may reach FID later this year. Driftwood is authorized to export up to 3.88 Bcf/D, and Port Arthur gets go-ahead for 1.91 Bcf/D of natural gas as LNG.
Petroleum has been an internationally traded commodity since the late 1800s. In the early 1900s, Standard Oil Company of New Jersey held a near-monopoly on domestic oil supply and price. Specific judicial and legislative action by the United States government caused this monopoly to break up, and various large, integrated oil companies were formed, which participated in all petroleum industry segments from exploration to marketing. These major companies sought mineral development opportunities both domestically and abroad. At the same time, European oil companies also sought to capitalize on mineral development opportunities beyond their borders.
Ghawar / Al-Ghawār /الغوار is an oil field located in Al-Ahsa Governorate, Eastern Province, Saudi Arabia. It measures 280 by 30 km (174 by 19 mi), it is by far the largest conventional oil field in the world. It is entirely owned and operated by Saudi Aramco, the state run Saudi oil company. Blue wells are waterflood injectors, red are production wells. In April 2010, Saad al-Treiki, Vice-President for Operations at Aramco, stated, in a news conference reported in Saudi media, that over 65 billion barrels (10.3 km3) have been produced from the field since 1951.
A hack on Italian oil services firm Saipem that crippled more than 300 of the company’s computers used a variant of the notorious Shamoon virus, Saipem said, a development that links the case to a massive attack in 2012 on Saudi Aramco. At least four US pipeline companies have seen their electronic systems for communicating with customers shut down over the last few days, with three confirming it resulted from a cyberattack.
Saudi Aramco’s Southern Area Oil Operations (SAOO) organization is one of the company’s critical areas of operations. This paper sheds light on SAOO’s continuing journey of sustainability and discusses implemented and planned activities that make sure the journey continues. Saudi Aramco and Raytheon signed a memorandum of understanding to establish a joint venture that will develop and provide cybersecurity services in Saudi Arabia and the region.
Klemens is a research assistant and PhD candidate in Petroleum Engineering (within Earth Science & Engineering program) at King Abdullah University of Science & Technology (founded by Saudi Aramco) focusing on Multi-Data reservoir history matching utilizing ensemble Kalman-based techniques. His work has been presented at several conferences amongst others at the IPTC 2014 and the OTC Asia 2014 and in an invited talk at the Petroleum Engineering Department at Texas A&M. Klemens has come 2nd place in the IPTC YP Poster competition in 2014, 2nd place in the graduate division at the Middle East & South Asia Student Paper Contest 2013 and 2014. As the president of the SPE KAUST Student Chapter he has led chapter to qualify for the PetroBowl 2013 and 2014, as well as led the SPE KAUST Student Chapter to become an outstanding student chapter of the year 2014, the first time in the history of Saudi Arabia.
Saudi Aramco studied such algorithms to produce images simulating the flow inside a pipe’s cross section, possibly reducing the need for separator-based multiphase flowmeters. A former technical manager with Petrobras discusses the development of the company’s flow assurance philosophies and strategies. Looped lines are used to reduce pressure drop and increase flow capacity, but information on the flow behavior or predictive methods are not available for these systems. Bypass pigging has advantages over conventional approaches. Its application to multi-phase flow with high wax content crude is discussed.
A Saudi Aramco engineer discusses being one of a few women, and how she balances work and family while sacrificing neither. Tjerk Joustra, Shell, reflects on his mentoring experiences and how they have helped him along his career path. A conversation with Tricia Stephens, who recommends getting out of your comfort zone. Eni engineer Andrea Rimoldi ponders whether a transfer to Angola is worth it. Tricia Stephens encourages risk taking and thinking outside the box.
Saudi Aramco’s plan to create a global network of research centers is becoming a reality. It recently celebrated the opening of its Houston center that the company’s President and Chief Executive Officer Khalid Al-Falih described as “an upstream research center like no other.” A US oil company is using its in-house laboratory's digital imaging devices to analyze reservoir rocks in new plays to answer questions raised by complex tight oil formations that cannot be answered using routine core testing methods.
Hydraulic fracturing is now a little bit easier for US shale operators thanks to readily available horsepower and in-basin sand. A closer look at technological and mechanical solutions being developed to limit exposure to respirable silica dust during hydraulic fracturing operations in the wake of US government regulations. A strategic objective of Saudi Aramco is exploring and developing deep and unconventional gas reservoirs, many of which are considered extremely tight.