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.
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.
