Saudi Arabia
News
May 08, 2019
If you have had to stop buying oil from Iran, Saudi Arabia has you covered, for June, anyway.
News
May 08, 2019
Saudi Aramco is weighing a potential investment in Norwegian oil company Equinor ASA’s U.S. shale operations in what could be the energy giant’s first ever overseas venture for gas exploration.
News
May 06, 2019
Saudi Arabia’s Industrialization and Energy Services Company (TAQA) plans to acquire two companies in the North American oilfield services technology and manufacturing sectors by the end of the year.
News
May 05, 2019
Saudi Arabia, the world’s biggest oil exporter, cut June pricing for all crude grades to the U.S. and raised most pricing to other regions.
News
May 03, 2019
Iran’s oil minister warned that OPEC is in danger of collapse as some nations seek to undermine their fellow members, an apparent reference to Saudi Arabia’s pledge to fill the supply gap created by U.S. sanctions on Iranian exports.
News
May 02, 2019
Asian refiners are asking Saudi Arabia for more crude as buyers in the world’s top oil-consuming region face supply disruptions from Iran to Venezuela.
News
April 30, 2019
Wood has secured a new contract with SABIC to deliver the engineering design for a world-class petrochemical research center in the Kingdom of Saudi Arabia.
News
April 30, 2019
Saudi Arabia’s Industrialization and Energy Services Company (TAQA) announced Sunday that its drilling subsidiary, Arabian Drilling Company (ADC), has agreed to acquire Schlumberger’s Middle East onshore drilling rigs business in Kuwait, Oman, Iraq and Pakistan for $415 million (SR1.56 billion).
News
April 29, 2019
The world’s biggest oil exporter is ramping up efforts to develop natural gas with plans for a 15-fold boost in output from unconventional deposits of the fuel.
News
April 26, 2019
Saudi Aramco, entered the LNG business by selling its first cargo of natural gas.
News
April 25, 2019
The biggest threat to President Trump’s hopes for low gasoline prices is his growing entanglement in the politics of OPEC nations.
News
April 24, 2019
Saudi Arabia’s energy minister said he sees no need to take immediate action in the crude market, signaling a cautious response to the U.S. decision to tighten sanctions on Iran.
News
April 22, 2019
Some of the biggest beneficiaries of sanctions aimed at crippling Iran are oil companies on the other side of the world.
News
April 09, 2019
Saudi Arabia's first giant step onto the global financial stage proved ambitious as it's state-run oil company issued $12 billion of bonds in one of the most oversubscribed debt offerings in history.
News
April 09, 2019
Aramco received more than $100 billion in orders for its maiden global bond.
News
April 07, 2019
Saudi Aramco and its bankers are preparing to kick off what could be at least a $10 billion offering next week. Early indications suggest investors are already crowding in as the world closely watches.
News
April 02, 2019
McDermott International, Inc. announced it has signed a joint venture agreement with Zamil Offshore to target the Maintenance, Modifications and Operations (MMO) market in Saudi Arabia.
News
April 02, 2019
Ghawar in Saudi Arabia can produce much less than most believed.
News
April 01, 2019
The state-run oil giant can generate profit better than any other company in the universe.
News
April 01, 2019
Aramco posted net income for 2018 that's four times higher than the combined profits of the 163 companies listed on the local stock exchange.
News
March 29, 2019
As the two companies discuss details of Aramco’s $69-billion takeover, determining cost savings for both may just take a bit of time, according to Sabic's CEO.
