Saudi Arabia ///

Trump sparks oil rally with Iran spat

Just over a week ago, crude prices were surging as attacks on Saudi Arabia’s oil tankers and pipeline network spurred fears that the Middle East was on the brink of military confrontation.

Venezuela falls to fourth-largest oil producer in Latin America

Venezuela, which sits atop more oil than Saudi Arabia, has fallen behind three other Latin American countries as years of mismanagement and lack of investments take its toll.

Russia's open to relaxing OPEC+ cuts as Saudis urge restraint

From easing the limits to ending the extreme throttling-back that has seen some countries exceed original cutback targets, Russia sees a range of options that would allow OPEC+ to continue output cooperation until year-end.

OPEC signals intention to keep limits on oil supply through 2019

Saudi Arabia and other key producers in OPEC signaled their intention to keep oil supplies constrained for the rest of the year, while pledging to prevent any genuine shortages.

Saudi pipeline attack highlights risk to Middle East oil exports, as tensions rise

Saudi Arabia accused Iran of ordering this week’s attack on key oil facilities, stoking concerns that the world’s largest oil-producing region is edging toward another war. Crude prices rose.

Saudi Arabia has restarted oil pipelines after Iran-backed rebel attack

Saudi Arabia restarted its main cross-country oil pipeline after a drone attack by Iran-backed rebels that halted the link and escalated tensions in the world’s largest oil-exporting region.

Iran-backed drone attacks damage Saudi pumping stations

Saudi Arabia halted its main cross-country oil pipeline after a drone attack damaged pumping stations along the link, a strike claimed by Iran-backed rebels.

McDermott awarded sizeable offshore contract by ADNOC

McDermott International, Inc. (NYSE: MDR) announced it has been awarded a sizeable* contract by ADNOC to provide FEED services on a design-competition basis for phase one of the Umm Shaif Gas Cap Condensate Development Project.

Saudis willing to meet all orders from ex-Iran oil buyers

If you have had to stop buying oil from Iran, Saudi Arabia has you covered, for June, anyway.

Saudi Aramco weighs potential shale investment with Equinor

Saudi Aramco is weighing a potential investment in Norwegian oil company Equinor ASA’s U.S. shale operations in what could be the energy giant’s first ever overseas venture for gas exploration.

ADNOC, ExxonMobil CEOs discuss new opportunities during visit to review progress of $30 billion Upper Zakum expansion

His Excellency Dr. Sultan Ahmed Al Jaber, UAE minister of state and Group CEO of the Abu Dhabi National Oil Company (ADNOC), and Darren W. Woods, chairman and CEO of ExxonMobil Corporation, met to explore new opportunities for collaboration in the upstream and downstream sectors, and discuss wider regional and business-related developments of mutual interest.

Saudi Arabia’s TAQA announces North American Investment, acquisition plans

Saudi Arabia’s Industrialization and Energy Services Company (TAQA) plans to acquire two companies in the North American oilfield services technology and manufacturing sectors by the end of the year.

Aramco cuts oil prices to U.S. as Trump tightens Iran sanctions

Saudi Arabia, the world’s biggest oil exporter, cut June pricing for all crude grades to the U.S. and raised most pricing to other regions.

Abu Dhabi launches second bid round for five major exploration blocks with substantial oil and gas potential

The Abu Dhabi National Oil Company (ADNOC) has announced, as part of Abu Dhabi’s block licensing strategy and on behalf of the Supreme Petroleum Council (SPC) – the details of the second round of five new geographical oil and gas blocks open for bidding for both conventional and unconventional resources.

Wood awarded engineering contract by SABIC for new technology center in Saudi Arabia

Wood has secured a new contract with SABIC to deliver the engineering design for a world-class petrochemical research center in the Kingdom of Saudi Arabia.

Saudi Aramco to tap into Jafurah deposits in hopes of becoming "major player" in gas

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.

Saudi Taqa has purchased Schlumberger's Middle Eastern drilling rig business

A Saudi Arabian oilfield services company backed by the country’s sovereign wealth fund kicked off a planned $1.2 billion in acquisitions by buying Texas-based Schlumberger Ltd.’s Middle Eastern drilling-rig business.

Aramco sells first LNG cargo as oil giant expands into liquid gas market

Saudi Aramco, entered the LNG business by selling its first cargo of natural gas.

OPEC+ oil cuts jeoperdized by Iran waiver termination

As the U.S. ends waivers that let countries buy Iranian crude, this threatens to squeeze oil supplies in an already tight market.

Saudi Aramco seeks to double its refining network to 10 MMbopd by 2030

More than a third of Aramco’s oil is currently fed into its fully-owned and joint venture refineries, according to its bond prospectus.