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Saudi Arabia Oil and Gas Headlines

Saudi and Iraq Satisfied with Oil Market Recovery
10/22/2017 - Saudi Arabia and Iraq expressed satisfaction with the orientation of the global oil market towards recovery as a result of a deal to boost prices by limiting production, Saudi state media reported. ...

Rowan, Saudi Aramco Launch ARO Drilling
10/19/2017 - Rowan Companies plc announced that ARO Drilling, a 50/50 joint venture with the Saudi Arabian Oil Company ("Saudi Aramco"), commenced operations on October 17, 2017.

Aramco IPO Still Set for 2018
10/18/2017 - The Kingdom of Saudi Arabia is still aiming to complete both international and domestic portions of the initial public offering of Aramco, in 2018, the Saudi Oil Minister Khalid Al Falih said Tuesday ...

Total, Saudi Aramco Discussing JV Refinery Expansion
10/18/2017 - Total is in talks with Saudi Aramco to expand their Saudi joint venture refinery by more than 10 percent, the chief executive of the French energy company said. Capacity at their Saudi Arabia Total Re...

China Offers to Buy 5% of Saudi Aramco Directly
10/17/2017 - China is offering to buy up to 5 per cent of Saudi Aramco directly, sources said, a move that could give Saudi Arabia the flexibility to consider various options for its plan to float the world’s bigg...

Talks with Saudi Arabia on Al-Khafji Oil Field Proceeding
10/16/2017 - Minister of Oil, Electricity and Water Essam Al-Marzouq announced that discussions with Saudi authorities over Al-Khafji oil field are proceeding. 'There are simple matters that need to be thrashed ou...

MHPS Opens New Turbine Rotor Repair Facility in Dammam
10/12/2017 - MHPS Saudi Arabia, Co., a subsidiary of Mitsubishi Hitachi Power Systems, Ltd. (MHPS) opened its new Turbine Rotor Repair Facility in Dammam, and announced plans to manufacture its most advanced gas t...

Sadara Appoints Dr Faisal Al-Faqeer as New CEO
10/9/2017 - Sadara Chemical Company (Sadara), which recently announced commercial operations of the full chemical complex in Jubail Industrial City II, has appointed Dr. Faisal Al-Faqeer of Saudi Aramco as the ne...

Saudi & Russian Companies to Create Synergy for Sustainable Energy Future
10/5/2017 - The rich endowment of resources of both the Kingdom of Saudi Arabia and the Russian Federation can enable companies from both countries to collaborate in creating synergies for a sustainable energy fu...

Gazprom Neft Signs Memorandum of Cooperation with Saudi Aramco
10/5/2017 - Gazprom Neft has signed a Memorandum of Cooperation with Saudi Aramco, the national oil company of Saudi Arabia, to extend their partnership in oil and gas industry. Signatories to the document were A...

Saudi Aramco IPO On Track for 2018
10/5/2017 - A plan to list Saudi Aramco in 2018 is on track, senior Saudi officials said in Moscow, as Saudi Arabia gears up to sign a string of investment agreements with Russia. ...

OPEC Member Countries Economy - September 2017
10/4/2017 - Inflation in Saudi Arabia posted -0.3% y-o-y in July, maintaining its notable easing since the beginning of the year due to the baseline effect, which could be a supporting factor for private consumpt...

Russia to Sign Deals with Saudi worth over $3 bln
10/4/2017 - Russia and Saudi Arabia will sign joint investment agreements worth more than $3 billion during a visit to Moscow by Saudi Arabia’s King Salman, Russian Energy Minister Alexander Novak was quoted as s...

Saudi Aramco to Finish First Shale Gas Project Soon
9/27/2017 - State oil giant Saudi Aramco is expected to finish building facilities soon in the north of the kingdom that will allow it to produce shale gas for the first time, industry sources said. ...

Saudi Aramco Plans to Spend $334 billion by 2025
9/26/2017 - Saudi Arabia’s state-owned oil giant Aramco plans to invest a total of about $334 billion by 2025, including spending on infrastructure and projects to maintain oil capacity, a senior Aramco official ...

Mermaid Secures Key Contract Extension for Subsea Services in Middle East
9/25/2017 - Mermaid Maritime Public Company Limited (“Mermaid”) announces that its jointventure company formed between Mermaid and a local offshore services operator has secured a contract extension for offshore ...

Sadara Achieves Full Commercial Operations of its Chemical Complex
9/17/2017 - Sadara Chemical Company (Sadara), the largest chemical complex ever built in a single phase, announces the commercial start-up of its toluene di isocyanate (TDI) facility. The production of commercial...

Saudi to Supply Full Crude Allocations to Most Asian Refiners
9/11/2017 - Saudi Arabia will supply full contracted volumes of crude oil to at least five north Asian term buyers in October, while a sixth regional refiner was notified of cuts to its October Arab Extra Light s...

Saudi's Falih Discuss Oil Supply Cuts Extension with Venezuela, Kazakhstan
9/10/2017 - Saudi Arabian Energy Minister Khalid al-Falih discussed with his Venezuelan and Kazakh counterparts the possible extension of the global oil supply cut pact beyond March 2018, the Saudi energy ministr...

Saudi Assures Investors that Reforms, Aramco IPO On Track
9/9/2017 - Saudi Arabia's government assured investors on Saturday that its Vision 2030 economic reform programme, including the sale of a stake in national oil giant Saudi Aramco, was on track despite plans to ...


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