Saudi Arabia | Egypt Oil & Gas - Part 11
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. The official s...
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 muc...
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%, Reuters reported. Saudi Arabia remains the top oil supplier for China...
NESR Awarded Conventional Fracturing Contract by Aramco in Saudi Arabia
The National Energy Services Reunited 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 S...
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 inked an agreement to establish a joint venture (JV) working on...
Halliburton Inaugurates Chemical Reaction Plant in Saudi Arabia
Halliburton celebrated the opening of the Halliburton Chemical Reaction Plant in Saudi Arabia, being the first of its kind in the kingdom. The company elaborated that this facility will manufacture a wide variety of c...
Aramco Discovers Natural Gas in Four Different Regions of Saudi Arabia
Saudi Minister of Energy Abdulaziz bin Salman announced that Aramco has discovered several natural gas fields in four different regions of the kingdom, Reuters reported citing Saudi Press Agency (SPA). According to th...
El Molla Discusses Energy Transition, COP 27 at IPTC
Minister of Petroleum and Mineral Resources Tarek El Molla participated in a ministerial session within the activities of the International Petroleum Technology Conference (IPTC), which is being hosted by the Kingdom ...
