Saudi Arabia
News
December 04, 2025
Saudi Aramco has slashed its Arab Light crude price to the lowest level since 2021, signaling mounting global oversupply and softer demand as OPEC+ prepares for a slower start to 2026.
News
December 03, 2025
Aramco has started gas production from the first phase of its Jafurah shale project, delivering 450 MMcfd as the company targets 2 Bcfd and major unconventional growth.
News
November 04, 2025
DeepOcean and Jana Marine have signed a Heads of Terms agreement to form JADE Subsea Services, a Saudi-based joint venture offering integrated subsea construction, IMR, and diving support across the Middle East.
News
October 24, 2025
Baker Hughes has won a multi-year contract from Aramco to expand coiled tubing drilling operations across Saudi Arabia’s gas fields, increasing its fleet from four to ten units. The project will enhance gas recovery and support the Kingdom’s drive to accelerate natural gas production.
News
October 21, 2025
The International Monetary Fund (IMF) says Saudi Arabia’s fiscal balance and current account depend heavily on oil price recovery and higher crude output. A 1 MMbpd rise in production could lift the kingdom’s fiscal balance by 3.2% of GDP as Vision 2030 spending expands.
News
October 03, 2025
OPEC+ has agreed to raise oil production by 137,000 barrels per day in November, signaling a cautious approach as Saudi Arabia and Russia reached consensus after differing on supply strategy.
News
September 15, 2025
Subsea7 has secured a $750 million –$1.25 billion offshore contract with Aramco in Saudi Arabia for the engineering, procurement, construction, and installation of 106 km of pipelines, topsides modifications and hook-up work. Offshore operations are planned for 2027–2028.
News
September 08, 2025
Saudi Arabia will cut prices on all of its crude grades for buyers in Asia for next month as well as on most barrels to other regions after OPEC+ said it will continue to increase output, defying widespread expectations of a looming oversupply.
News
September 05, 2025
OPEC+ has agreed in principle to increase production again next month, according to delegates, as the group doubles down on its policy shift to pursue market share instead of defending prices.
News
September 05, 2025
OPEC+ leader Saudi Arabia wants the group to consider reviving more oil production ahead of its scheduled return at the end of next year amid a push to reclaim market share, people familiar with the matter said.
News
August 11, 2025
Expro has successfully delivered the world’s first fully remote five-plug cementing operation in Saudi Arabia. The five-plug stage-cementing operation was executed for a 9-5/8” casing run in a high-pressure gas well—the longest of its kind in the field.
News
July 30, 2025
GTSC, part of 3t, the leading global provider of workforce training and competency for safety-critical industries, has announced the appointment of Askar Salem Alyami as Vice President of its Saudi Arabian training center operations.
News
July 28, 2025
Aramco has launched a joint effort with Cloudera to build AI-powered applications that drive growth in Saudia Arabia's digital oil and gas sector. The companies will collaborate on AI initiatives for workforce development, R&D, operational efficiency and more.
News
July 11, 2025
Saudi Arabia raised crude output far above its OPEC+ quota last month, joining other producers in a rush to export oil out of the Persian Gulf as Israel went to war with Iran, according to the International Energy Agency.
News
July 10, 2025
Senior officials from three of OPEC’s core producer nations — Saudi Arabia, the United Arab Emirates, and Kuwait — spoke out at a conference in Vienna this week in support of the producer group's recent mega-supply boosts, citing stability and benefits to the broader global market.
News
June 23, 2025
Delivered at its state-of-the-art GTSC training center in Dammam, 3t's enhanced facilities and new programs mark a significant milestone in supporting female workforce participation and advancing Saudi Arabia's Vision 2030.
News
June 09, 2025
OPEC+’s oil-output hikes are part of a Saudi strategy that will see the kingdom embark on a long but shallow price war designed to recapture market share, Bank of America Corp.’s head of commodities research said.
News
May 30, 2025
Officials say the supply hikes reflect Saudi Arabia’s desire to punish over-producing members like Kazakhstan and Iraq, recoup market share lost to U.S. shale drillers and other rivals, and satisfy U.S. President Trump’s desire for cheaper oil.
News
May 27, 2025
NesmaKent Energy Company, a joint venture between Nesma & Partners (N&P) and Kent, has signed a strategic contract with Aramco to lead the commencement of phase one of the National EPC Champion Initiative.
News
May 26, 2025
Saudi Arabia and Kuwait jointly announced Monday that they have discovered oil in the North Wafra Wara-Burgan field, part of the neutral zone between the two nations. The news was reported by Saudi Press Agency (SPA).
News
May 14, 2025
Woodside Energy and Aramco have entered into a non-binding collaboration agreement to explore global opportunities, including Aramco’s potential acquisition of an equity interest in and LNG offtake from the Louisiana LNG project.
