The facility’s integration with the existing crude oil supply network adds 3mn barrels per day to Saudi Aramco’s export capacity through the West Coast
EnerMech plans to double its business in the next five years
OMV says the collaboration would give them early access to new technology, and would enhance their position in certain areas.
The giant company sees the importance of strengthening its downstream offering, with recent and planned investments into the segment.
Intelligent Platforms had 2017 sales of $210mn and focuses on machine control, industrial computing, input/output and networking.
The Permian region, OPEC production, US sanctions on Iran and Venezuela all have roles to play in determining future oil prices.
The new pipeline is capable of transporting up to 350 thousand barrels per day of crude oil.
In the midst of recovering oil prices, EOR is set for a big boost thanks to Big Data
The deal values ADNOC Drilling at $11bn.
In a conversation with Bloomberg News, Prince Mohammed bin Salman said Saudi Aramco is worth $2tn or more.
The Saudi prince spoke to Bloomberg News about the country's relationship with Trump, the oil price and recent discussions with Kuwait's government.
Amidst forecasts of $100 per barrel oil, a set of complex circumstances could lead to a sharp market correction.
"I want to show the world that we are a major factor in the solution to both environmental and social development challenges facing our world today," he said.
The applications aim to reduce water use and pumping time during completion in shale plays.
The project is moving according to plan and is expected to achieve production in 2019.