Saudi Arabia
News
September 10, 2019
The contract covers a range of products, from standard API to high end premium OCTG for both onshore and offshore oilfields, and conventional to complex wells. In addition, Vallourec will supply a large range of “from mill to rig” services as part of its new Vallourec.smart services program.
News
September 10, 2019
Subsea 7 has been awarded a contract by Saudi Aramco for the Marjan Increment Projects - Package 2, offshore Saudi Arabia.
News
September 10, 2019
Banks will be chosen “soon,” Chief Executive Officer Amin Nasser said at an industry conference in Abu Dhabi. Confirmation of the underwriters will signal that the share sale -- set to be the world’s largest -- is finally in the offing after plans were put on hold last year.
News
September 09, 2019
Late on Saturday night, Khalid Al-Falih was removed and replaced as energy minister by Prince Abdulaziz bin Salman. A half-brother of Crown Prince Mohammed bin Salman, he’s the first member of the royal family to hold the job.
News
September 09, 2019
Oil rose for a fourth day after Saudi Arabia’s new energy minister signaled that OPEC and its allies will continue with production cuts as the group prepared to gather in Abu Dhabi.
News
September 02, 2019
The Saudi decision to shrink the energy ministry will leave the kingdom’s oil policy unchanged as the world’s largest crude exporter continues cutting output to balance markets, a person with knowledge of the matter said.
News
August 29, 2019
Thailand’s state-controlled oil and gas company PTT is looking to resource-rich countries in the Middle East to help meet the country’s growing energy demand.
News
August 23, 2019
The award forms part of an initiative by ADNOC to secure smart procurement solutions that add value to its upstream oil and gas drilling business and promote in-country investment and service provision.
News
August 21, 2019
ADNOC announced the award of multi-billion-dollar contracts for the procurement of casing and tubing as it drives value through its smart approach to procurement.
News
August 20, 2019
Flaring tensions in the Persian Gulf have seen some of the world’s biggest crude deposits, along with processing and transport infrastructure and vessels, targeted by explosives-laden drones and bombings.
News
August 19, 2019
Oil rose for a second day as a drone attack on a Saudi Arabian oil field revived concerns that the tense Middle East political situation may jeopardize crude exports.
News
August 19, 2019
Yemeni rebels attacked oil and gas facilities at the Shaybah field in southeast Saudi Arabia, but failed to disrupt production.
News
August 15, 2019
Saudi Aramco’s proposed purchase of part of India’s Reliance Industries Ltd. will allow it to regain its grip on the world’s fastest-growing oil market where suppliers including the U.S. and Russia are making inroads.
News
August 13, 2019
Saudi Aramco showed Monday it’s still the world’s most profitable company -- and paid out almost all its net income in dividends -- despite the dwindling price of oil.
News
August 12, 2019
Saudi Aramco’s senior executives can breathe a collective sigh of relief after the company’s first-ever earnings call with investors. The half-hour event was a pretty gentle affair with few questions that were likely to embarrass a company with a potentially lucrative share sale in the works.
News
August 12, 2019
The world’s biggest crude producer will soon own a part of the world’s biggest oil refinery.
News
August 12, 2019
the Bank of Russia’s total stockpile of cash, gold and other securities is about to surpass Saudi Arabia’s, highlighting the Kremlin’s leverage in talks between major oil producers about how much to reduce production.
News
August 09, 2019
Oil surged to start the U.S. session as investors weighed the latest steps from Saudi Arabia following a selloff earlier in the week.
News
August 08, 2019
Oil rebounded from the lowest level since January after Saudi Arabia contacted other producers to discuss options to stem a rout that’s been driven by the worsening U.S.-China trade war.
News
August 08, 2019
Saudi Arabia plans to keep oil exports below 7 MMbpd next month as the OPEC country allocates less crude than demanded by customers to help stabilize the market, according to Saudi officials.
News
August 08, 2019
Saudi Arabia is considering means to end the slump in oil prices, but the options available to them are scarce.
