Saudi Arabia
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.
News
March 27, 2019
In the Middle East's record-setting deal, the world's biggest oil producer, Saudi Aramco, will buy a majority stake in local chemical giant Sabic from the kingdom’s sovereign wealth fund for $69.1 billion, transferring a big slug of cash from one arm of the state to another to help finance Crown Prince Mohammed bin Salman’s economic agenda.
News
March 26, 2019
Saudi Aramco has signed a land lease agreement with McDermott Arabia Company, Ltd., a subsidiary of McDermott International, Inc., to grant McDermott a lease to establish a fabrication facility located within the King Salman International Complex for Maritime Industries in Ras Al-Khair, Saudi Arabia.
News
March 18, 2019
Saudi Arabia led fellow members of the OPEC+ coalition to reaffirm their commitment to output cuts, but conceded they should defer until June the decision on whether to extend the curbs.
News
March 17, 2019
OPEC and its allies have much work ahead to balance global oil markets and are prepared to do what’s necessary in the second half, Saudi Energy Minister Khalid Al-Falih said.
News
March 14, 2019
Four months ago, Saudi Arabia’s devotion to its decades-old oil partnership with the U.S. was stronger than ever.
News
March 12, 2019
Crude rallied to the highest in more than a week as traders remained optimistic over Saudi Arabia’s planned production cuts and amid a weaker dollar.
News
March 11, 2019
Oil rose as Saudi Arabia was said to extend deep supply cuts into April.
News
February 27, 2019
Saudi Arabia is leaning toward extending OPEC cuts into the second half of 2019, potentially pitting the group against U.S. President Donald Trump’s demand to keep prices down.
News
February 26, 2019
Saudi Aramco aims to become one of the world’s largest players in natural gas and the company is eyeing projects in Russia, Australia, America and Africa to kick-start a global business in the liquefied form of the fuel.
News
February 25, 2019
McDermott International, Inc. has announced a substantial* contract award from Saudi Aramco for engineering, procurement, construction and installation (EPCI) services in the Marjan field, offshore Saudi Arabia.
News
February 18, 2019
ADES International Holding PLC, an oil & gas drilling and production services provider in the Middle East and North Africa, is pleased to announce that it has secured two onshore drilling contracts in the Kingdom of Saudi Arabia, following a competitive tender process.
News
February 17, 2019
I know a little bit about standing on one leg; my daughter has encouraged me to learn to water ski. It’s not easy at my age, in England, in winter.
News
February 13, 2019
Oil climbed for a second day after Saudi Arabia pledged to deepen production cuts and U.S. President Donald Trump said he might extend a deadline for additional tariffs on China.
News
February 10, 2019
As winter keeps its grip on the northern hemisphere it is the oil bulls, not the bears, who have gone into hibernation. The price rally that greeted the new year has fizzled out as renewed concerns about demand growth outweigh the tightening of oil supply through OPEC cuts and U.S. sanctions.
News
February 03, 2019
If timing is everything, why does OPEC seem to keep getting it so wrong?
News
February 01, 2019
OPEC crude output fell the most in two years last month as the group implemented almost 80% of its new production cuts deal.
News
January 30, 2019
Oil rose near $55/bbl, the highest since November, as a government report showed a steep drop in imports from Saudi Arabia.
News
January 28, 2019
Saudi Arabia will pump oil for six months at levels “well below” the voluntary production limit it accepted under OPEC’s oil-cuts accord, Energy Minister Khalid Al-Falih said.
News
January 27, 2019
Saudi Aramco plans to retain exclusive rights to develop Saudi Arabia’s oil reserves even as the kingdom prepares a multi-billion dollar plan to open up to foreign investment.
News
January 22, 2019
Saudi Arabia and Russia will no longer hold oil talks in Davos this week, scrapping the first face-to-face meeting since both nations agreed in December to cut output.
