Saudi Arabia | Egypt Oil & Gas

OPEC+ Approves Modest Rise in Oil Output

At a time when high oil prices and unstable energy supplies have been exacerbated by Russia's war on Ukraine, OPEC and its allies decided to slow production growth in September.

Saudi FM: OPEC+ Will Do What is Necessary After Assessing Market Conditions

OPEC+ will continue to assess market conditions and do what is necessary as a result of a US-Arab summit on Saturday, according to Saudi Arabia's foreign minister, Reuters reported.

Egypt, Saudi Arabia Sign 14 agreements worth 7.7 B

The General Authority for Investment and Free Zones (GAFI) witnessed the signing of 14 agreements in a number of investment fields between a group of government and private agencies in the Arab Republic of Egypt a ...

Saudi Arabia’s Bumps Up July Crude Prices Taking Asian Buyers by Surprise

Saudi Arabia, the world's largest oil exporter, hiked July crude oil prices for Asian clients to higher-than-expected levels, citing constrained supply and anticipation of high demand this summer.

Rawabi Works to Secure $500M in Funding Before Potential IPO

An initial public offering (IPO), which could value the Saudi company at about $1 billion by the end of this year, is being considered by Rawabi Energy Co., part of Rawabi Holding Co.Rawabi is looking to raise as ...

China’s Crude Oil Imports From Saudi Arabia Drop by 13% in March

China imported around 13% less crude oil from Saudi Arabia in March 2022, compared to a year earlier, while its imports from Russia dropped by 14%.

NESR Awarded Conventional Fracturing Contract by Aramco in Saudi Arabia

The National Energy ServicesReunited Corp (NESR) has announced that it has been awarded one of the major contracts for Integrated Rig-less Stimulation and Testing Services ("Conventional Fracturing") in Saudi Arab ...

Baker Hughes, Dussur Ink Agreement to Develop Industrial Chemicals in Saudi Arabia

Baker Hughes and Dussur which is owned by Saudi Arabian Public Investment Fund (PIF), Saudi Aramco and SABIC (Saudi Basic Industries Corporation) have signed an agreement to establish a joint venture (JV) working ...

Halliburton Inaugurates Chemical Reaction Plant in Saudi Arabia 

Halliburton announced its celebration of the opening of the Halliburton Chemical Reaction Plant in Saudi Arabia. 

Aramco Discovers Natural Gas in Four Different Regions of Saudi Arabia

The Saudi Minister of Energy Abdulaziz bin Salman announced that Saudi Aramco has discovered several natural gas fields in four different regions of the kingdom.

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