Saudi Arabia
News
August 08, 2019
Saudi Arabia is considering means to end the slump in oil prices, but the options available to them are scarce.
News
August 05, 2019
Saudi Arabia, the world’s biggest oil exporter, lowered pricing for September sales of all crudes to Asia while raising prices to buyers in northwest Europe and the Mediterranean region.
News
August 01, 2019
McDermott International has been awarded a contract by Saudi Aramco to provide engineering, procurement, construction and installation (EPCI) of a production deck module in Saudi Arabia's fields located offshore in the Arabian Gulf.
News
July 29, 2019
China has tapped Saudi Arabia for a record volume of crude as the world’s biggest exporter plugs a shortage from sanctions-hit Iran.
News
July 25, 2019
Saudi Aramco expects to complete the expansion of an oil pipeline that runs east-west across the country by September, increasing Red Sea shipments and avoiding the tense Strait of Hormuz.
News
July 24, 2019
The U.S. Energy Information Administration (EIA) reports that Saudi Arabia’s crude oil production approached a four-year low in May 2019, averaging an estimated 9.9 MMbpd, more than 1 MMbpd lower than its all-time high in November 2018.
News
July 18, 2019
When Saudi Arabia announced plans to sell shares in its crown jewel Aramco, international bankers scrambled to get a piece of the action. Three years on, they’re questioning whether what could be the world’s biggest IPO is worth their time and effort.
News
July 16, 2019
Global specialist equipment and integrated engineering services company, Sparrows Group, has bolstered its position in Saudi Arabia after securing vendor approval status from the national oil company, Saudi Aramco.
News
July 11, 2019
Saudi Arabia is fulfilling its pledge to make deeper cuts in oil output than the OPEC+ agreement on output requires, according to the first indication of the kingdom’s production since the supplier group extended curbs earlier this month.
News
July 10, 2019
McDermott International, Inc., has announced that it has been awarded a contract in excess of $3 billion for Package 1 of Saudi Aramco's Marjan Increment Development Mega-Project to provide engineering, procurement, construction and installation (EPCI) of the Gas-Oil Separation Plant (GOSP), in a consortium with China Offshore Oil Engineering Company (COOEC).
News
July 09, 2019
Saudi Aramco, the world’s largest crude exporter, awarded $18 billion in contracts to boost output capacity at two offshore oil fields even as the kingdom and its OPEC partners restrict production.
News
July 04, 2019
Saudi Arabia and Kuwait are the closest in years to restoring oil output from the neutral zone shared by the neighboring nations after making a breakthrough in recent talks, according to people familiar with the matter.
News
July 02, 2019
Saudi Arabia is restarting preparations for a potential initial public offering of oil giant Aramco, months after putting the planned listing on hold, people familiar with the matter said.
News
July 02, 2019
Saudi Arabia, OPEC’s dominant producer, will keep doing the heavy lifting as the cartel and its allies were all but forced to extend their effort to counter the U.S. shale boom into a fourth year.
News
July 01, 2019
OPEC may be losing its share of the global oil market, but not all losses are spread equally.
News
June 30, 2019
Russian President Vladimir Putin struck a deal with Saudi Crown Prince Mohammed Bin Salman to extend the OPEC+ agreement at current production levels for the rest of this year and potentially into early 2020.
News
June 25, 2019
Russian President Vladimir Putin plans to meet Saudi Crown Prince Mohammed Bin Salman at the Group of 20 summit in Japan this week, just days before OPEC and its allies gather in Austria to discuss extending oil-output cuts.
News
June 25, 2019
Aramco has the experience and infrastructure it needs to keep crude flowing if supply through Hormuz is disrupted.
News
June 24, 2019
McDermott International, Inc. has announced a large contract award from Saudi Aramco for engineering, procurement, construction and installation (EPCI) services in the Marjan and Zuluf fields, offshore Saudi Arabia.
News
June 11, 2019
Uncertainty over oil supply and demand fundamentals is making it tougher for Russia and Saudi Arabia to reconcile their differences for an extension of the output cut in the second half.
News
June 10, 2019
Saudi Arabia and Russia voiced concerns that falling oil demand could send prices below $40/bbl as they met in Moscow on Monday.
