Saudi Arabia
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.
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.
