Tag Archives: Production

Despite production cuts. kingdom holds onto 40% slice by discounting light grade.

Zohr was discovered by Eni in August of 2015 and. with a total potential of 850 billion cubic meters of gas in place. is the largest natural gas field ever discovered in the Mediterranean.

The oil and gas sector produces an enormous amount of data. Activities such as drilling. exploration. maintenance and production all produce valuable information that until recently has been too vast to process effectively.

Last week. Shell announced a triple increase in net earnings attributable to shareholders for the second quarter of the year. to US$3.6 billion.

Total holds a 50.1 interest in the South Pars project with state-owned China National Petroleum Corporation owning 30 percent and Petropars 19.9 percent.

The project is worth about $250 million. The entire amount is paid by local companies.

Italy purchased 2.8 million tons in the four-month period. accounting for nearly 30% of all imports.

State refiners have a 230 million tone-a-year refining capacity and a petrochemical production capacity of 915 million tone-a-year. which are being expanded.

The U.S. buys about a third of Venezuela’s crude production and is the main buyer that pays in cash.

The oil and gas industry is facing a new productivity transformation. where digital technologies help companies discover new ways to drive increased efficiency.