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Saudi Aramco nears decision phase on multibillion-dollar offshore expansion prize (+) - Upstream Online

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Saudi Aramco nears decision phase on multibillion-dollar offshore expansion prize | Upstream

Saudi Aramco nears decision phase on multibillion-dollar offshore expansion prize

Ongoing expansion projects involving the Marjan and Zuluf oilfields are unlikely to be impacted by Saudi Arabia's decision to pause the further expansion of its maximum sustainable capacity

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Related Knowledge Center: ENERGY BASICS: petroleum

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While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.

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