Saudi Arabia
News
January 31, 2023
According to Ahmad A. Al-Sa’adi, Aramco’s Executive Vice President of Technical Services, Aramco Digital Company will provide “state-of-the-art AI and emerging technology expertise in a vital sector of the economy.”
News
January 11, 2023
Flowserve is working with three engineering, procurement and construction companies. These companies will utilize a diverse portfolio of pumps, mechanical seals and sealing systems for different components of the Jafurah project.
News
December 29, 2022
World Oil was on the front lines of every breaking news story in 2022. From positive production predictions and interventions from the White House to billion-dollar profit exploration setbacks, our readers had plenty to keep them on their toes. Read more of this year's top headlines here.
News
December 12, 2022
Saudi Aramco is talking with potential backers for its $110 billion Jafurah gas development as the oil producer plans to exploit one of the world’s largest unconventional gas fields.
News
November 28, 2022
Viking Completion Technology announced on Monday multiple contract wins valued at more than $7 million to deliver its full portfolio of well completion manufacture and design services to major MENA operators, further cementing its strong regional presence.
News
November 17, 2022
Saudi Arabia has cut oil exports sharply this month as the kingdom delivers on an OPEC+ agreement to shore up global crude markets.
News
November 14, 2022
Saudi Arabia’s wealth fund is considering an initial public offering of oil and gas driller ADES International Holding by the first half of next year, as it accelerates efforts to raise billions of dollars for new investments, sources said.
News
November 10, 2022
Saudi Arabia has established a carbon-capture sequestration center, as the state oil giant seeks to reach its goal of net-zero emissions by 2060.
News
November 01, 2022
OPEC’s crude production held steady last month after the group pledged a symbolic cutback to stabilize market sentiment, with output up 30,000 bpd to 29.98 million barrels ahead of deeper cuts this month.
News
October 25, 2022
Riyadh and Washington will work through the recent tensions in their relationship and remain allies, a senior Saudi official and JPMorgan Chase & Co.’s chief executive said at the Future Investment Initiative conference.
News
October 21, 2022
Saudi Arabia’s energy minister held talks with counterparts from China and India, two of the kingdom’s biggest oil customers, amid a standoff with the U.S. over OPEC+’s decision to cut production.
News
October 21, 2022
Turkey has sided with Saudi Arabia in its deepening standoff with the US over OPEC+’s decision to cut oil production.
News
October 14, 2022
Dueling statements from Washington and Riyadh in recent days over last week’s OPEC+ decision to cut production underscore just how badly the U.S.-Saudi relationship has deteriorated under President Joe Biden, with each side accusing the other of acting in bad faith.
News
October 06, 2022
U.S. President Joe Biden said he’s disappointed by the surprise OPEC+ decision to slash oil production but that he doesn’t regret a trip to Saudi Arabia just three months ago in which he urged its leaders to keep crude flowing.
News
October 04, 2022
The world’s biggest oil company reiterated its warning that producers’ spare capacity is running low and said there wouldn’t be any left once China ends its Covid Zero strategy.
News
September 28, 2022
Arabian Drilling Co., a Saudi Arabian oilfield-services company partly owned by Schlumberger NV, took only hours to garner enough investor orders to fully cover an initial public offering that could raise as much as 2.67 billion riyals ($710 million).
News
September 19, 2022
Arabian Drilling Co., a Saudi oilfield-services firm partly held by Schlumberger NV, hired Goldman Sachs Group Inc, HSBC Holdings Plc and SNB Capital to manage its IPO in Riyadh, seeking to join a steady stream of Gulf firms tapping equity markets.
News
September 13, 2022
Saudi Arabia told OPEC that it raised its crude production to just over 11 million barrels a day last month, exceeding the symbolic level for the first time in two years as the kingdom fulfilled a pledge to stabilize world markets.
News
August 24, 2022
Saudi Arabia’s oil exports reached $31 billion in June, the highest in at least six years, driven by a rally in prices and rising production.
News
August 15, 2022
Saudi Aramco posted the biggest quarterly adjusted profit of any listed company globally driven by high crude prices and production.
News
July 22, 2022
Russia’s President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman discussed continued cooperation within OPEC+ in a phone call, according to a statement from the Kremlin.
