Saudi Arabia ///

Kuwait to resume oil output in area shared with Saudis by March

Kuwait plans to restart oil production by March at the Wafra field that it shares with Saudi Arabia, more than four years after the neighbors halted output.

Oil and gas in the capitals

Dr. Anas Alhajji, Contributing Editor

The Partitioned Neutral Zone: Geology, economics and politics

Minister says international stock listing for Aramco possible

Saudi Aramco is still considering listing shares abroad, the kingdom’s Finance Minister Mohammed Al-Jadaan said.

Saudi Aramco grants Wood a two-year extension on unconventionals program

Wood has secured a two-year extension to its in-Kingdom and out-of-Kingdom contracts with Saudi Aramco’s subsidiary, Aramco Overseas Company for its unconventional gas program, extending awards originally secured in 2014.

Saudis to free up more crude for export by building solar power plants

Saudi Arabia is seeking companies to build four solar power plants as the Persian Gulf oil giant resumes its renewable energy push.

Oil touches $70 as supply disruption fears grow

Futures jumped by another 1.4% on Monday as the U.S. State Department warned of a “heightened risk” of missile attacks near military bases and energy facilities in Saudi Arabia.

Halliburton presents major software grant to King Abdulaziz University

Halliburton Landmark presented a multimillion dollar educational software grant to King Abdulaziz University in Saudi Arabia to train and prepare the next generation of Saudi oil and gas engineers and geoscientists.

Saudi plan to wean off oil sees success even as economy stalls

Saudi Arabia’s economy shrank 0.5% in the third quarter, a contraction that was broadly expected even as the kingdom’s goal of weaning itself off crude began to pay off with solid growth in non-oil sectors.

Saudi Arabia, Kuwait agree to resume oil output at shared fields

Saudi Arabia and Kuwait agreed to resume oil production in a shared border region more than four years after halting output.

Saudi Arabia is reviewing its plan for energy subsidy cuts

Saudi Arabia is reviewing its plan to cut domestic energy subsidies as it tries to balance its budget without hurting businesses that have relied on cheap power for a competitive edge.

Saudi Arabia isn’t counting on an oil price rise in 2020 budget

With its campaign to diversify the economy and efforts within OPEC, Saudi Arabia’s focus is on trying to “bring stability” to its revenue and the market, Finance Minister Mohammed Al Jadaan said in an interview.

ADES secures two deepwater rig contracts offshore Kuwait

Both contracts were awarded by Baker Hughes, under a primary term of two years firm and an option to extend for another six months.

OPEC+ agrees to redistribute oil cuts under Saudi pressure

OPEC+ will adjust its output target and redistribute production cuts between its members under pressure from Saudi Arabia.

Saudi Aramco pitches itself as the low-carbon investors’ choice

An analysis from the influential consultant Carbon Tracker says the company will probably be “one of the last oil producers standing” in a carbon-constrained future.

Aramco IPO retail offering fully covered with one day to go

The retail tranche of Saudi Aramco’s initial public offering is fully covered with one day to go after 3.7 million investors applied to buy shares in the world’s biggest oil producer.

Aramco facing serious infrastructure risks due to climate change

Climate change poses a serious risk to Saudi Aramco’s long-term business as rising sea levels and temperatures could damage infrastructure, curb productivity and even halt some of its operations.

Aramco valuation falls short of crown prince’s $2 trillion target

Saudi Arabia put a valuation on state-owned oil giant Aramco of between $1.6 trillion and $1.71 trillion, well below the $2 trillion target sought by Crown Prince Mohammed bin Salman since he first mooted an initial public offering in 2016.

Aramco sees oil demand falling after 2040, per IPO prospectus

Global oil demand may peak within the next 20 years, according to an assessment included in the prospectus for Saudi Aramco’s initial public offering, suggesting views are slowly changing in the kingdom where officials long dismissed the notion as overblown.

Saudis hike light crude prices, driven by high IMO 2020 demand

Saudi Arabia has priced its lighter crude at the widest premium to heavier oil in almost two years as new rules mandating cleaner shipping fuels drive demand for less-sulfurous grades.

Paradigm Group expanding Middle East, Mexico teams to meet service demand

Paradigm Drilling Services has recently expanded their teams in the Middle East and Mexico to service increasing drilling equipment demand.