Natural Gas Utilization in GCC Countries

Between 2009 and 2019, marketed gas production by Gulf Cooperation Council (GCC) members has grown at an average rate of 4.8% per annum, from 265 billion standard cubic meters in 2009 to 422 billion standard cubic meters (Bscm) in 2019. This has been driven by increased demand for gas for electricity generation, power desalination, and petrochemical industries.

Crude Oil Reserves Metrics of GCC Members

As of December 2018, the Gulf Cooperation Council (GCC) countries had combined proven reserves of 497 billion barrels of crude oil. This represents approximately 34% of the world’s estimated proven crude reserves.

Leveraging Intellectual Capital to Enhance Collaboration and Technology Deployment While Mitigating Freedom to Operate Risks in the Partitioned Zone

Saudi Arabian Chevron, Inc. (SAC) established a robust, evergreen Intellectual Property Program to manage its intellectual property assets across the onshore portioned zone. The program applies Chevron’s intellectual property asset management system and accounts for government regulations and specific intellectual property provisions for company operations in the region.

Devising and Optimizing Development Strategies for South Fuwaris Field Using Integrated Reservoir Simulation Models

The South Fuwaris Field is located in the Partitioned Zone (PZ) between Saudi Arabia and Kuwait and is operated jointly by Saudi Arabian Chevron (SAC) and Kuwait Gulf Oil Company (KGOC). South Fuwaris produces light crude (240 API) from two prolific heterogeneous carbonate reservoirs: Ratawi Limestone and Ratawi Oolite. The field has been developed using vertical and horizontal wells with all wells on electric submersible pumps.

Pushing Maximum Reservoir Contact Applications to New Limits in Tight Facies: A Case Study of Middle East’s Highest Reservoir Exposure Producer

The paper presents the evolution of reservoir management strategies that supported a recently drilled penta-lateral producer, which set a company record of total reservoir contact in a major greenfield in the Middle East. This paper will investigate the maximum reservoir contact (MRC) evolution in the field, the design phase of this game-changing producer, lessons learned and future implications.

World’s First Blue Ammonia Shipment Signals Prospective New Low-Carbon Energy Trade for Saudi Arabia

On September 27, 2020, Saudi Aramco successfully exported the world’s first shipment of carbon-neutral ammonia to Japan, helping to fuel the nascent Japanese hydrogen economy. This pilot shipment of 40 tonnes is an important realization of the hydrogen economy for both the Kingdom of Saudi Arabia and Japan. It also signals a potentially important addition to the Kingdom’s export commodity portfolio. 

The Prospect of Unconventional Gas Development in Saudi Arabia

In February 2020, Saudi Aramco announced that it obtained regulatory approval to develop the Jafurah Basin, Saudi Arabia’s largest unconventional natural gas field (Figure 1). Situated east of the giant Ghawar oilfield, it contains 200 trillion cubic feet (tcf) of gas resources.

U.S.-Iran Tensions and the Waiver Renewal for Iranian Gas Exports to Iraq

Following the assassination of Iranian General Qasem Soleimani in Baghdad on January 3, as a result of a United States (U.S.) airstrike, the Iraqi Parliament passed a resolution stating that it “must work to end the presence of any foreign troops on Iraqi soil and prohibit them from using its land, airspace or water for any reason.”

Digital Transformation in the Oil and Gas Industry: Hype or Hope?

For decades, the oil and gas (O&G) industry has provided the globe with the best value proposition in the form of reliable, affordable, and safe energy supplies. As global population projections soar, demand for all forms of energy is also set to rise, with hydrocarbons expected to play a dominant role in the energy mix for the foreseeable future. However, current global greenhouse gas (GHG) targets and today’s definition of clean energy highlights the opportunity for emissions management and creates an economic incentive for producers and consumers to decarbonize, each playing a critical role in the energy transition.

Integrated Oil Companies and the Requiem for a Transition: How Are They Coping with Climate Change?

Integrated oil and gas (O&G) companies operate vertically integrated businesses that span the O&G value chain. In this way, they can leverage expertise across multiple domains rather than just focusing on exploration and production (E&P). Examples of such companies include British Petroleum (BP), Cenovus Energy, Chevron, Eni, Imperial Oil, ExxonMobil, Repsol, Royal Dutch Shell, Suncor Energy and TotalEnergies. Integrated O&G companies played a central role in advancing energy availability and economic growth during the 20th century.

Implications of the 2021 Iran-China Deal for the Oil Market

In late March 2021, China and Iran signed a cooperation pact to stimulate investments in Iran’s oil, gas and petrochemical infrastructure. We refer to this pact as the ‘Iran-China deal’ throughout this manuscript. This deal attracted substantial attention for its effects on global oil markets and the geopolitics of the region. Reports suggest that China may invest as much as $400 billion in Iran’s infrastructure and oil sector over 25 years owing to the deal. In exchange, Iran will supply oil to China at below-market prices.

Saudi Arabia’s Gas Flaring Mitigation Experience

Gas is envisaged as the fuel of choice in the power sector and is the ideal fuel to help transition toward clean, sustainable, and affordable energy access. As vital as gas is for electricity generation, the petrochemical industry, the transportation sector, and heating, many oil operators either flare or vent associated gas, a by-product of oil extraction, at the wellhead or gathering stations. This releases greenhouse gases (GHGs) into the atmosphere and is done for various reasons, including infrastructure constraints, a lack of financial incentives to capture and process gas, poor regulatory frameworks, or binding contractual rights.

Reframing of Global Strategies and Regional Cooperation Pathways for an Inclusive Net-Zero Strategy in the Energy Transition Framework

Fit-For-Purpose Energy Transition Strategies: Case Studies from G20 Members

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