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Schlumberger opens Saudi Arabia manufacturing center

Schlumberger opens Saudi Arabia manufacturing center

The center will manufacture well completions technologies including liner hangers and packers and isolation valve technologies, to help improve the efficiency of oil and gas operations in the Kingdom and neighboring countries. Source

Oil short-selling triples since the start of 2020

Oil short-selling triples since the start of 2020

Hedge funds are bracing for more trouble in the oil market, even after crude rebounded for a second week on hopes the coronavirus outbreak’s threat to economic growth is waning. Source

Saudis stake $110B on Jafurah unconventional gas field

Saudis stake $110B on Jafurah unconventional gas field

Saudi Arabia plans to invest 412 billion riyals ($110 billion) to develop unconventional natural gas reserves in the eastern Jafurah field, according to the kingdom’s official Saudi Press Agency. Source

Fracking: A Decade Of It In Four Charts

Fracking: A Decade Of It In Four Charts

About a decade ago, the united states ranked third in worldwide oil production. At that time, they only trailed behind Russia and Saudi Arabia. Fast-forward to today, the Us leads the world in both natural gas and oil output. The USA has more than doubled the amount...

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