Saudi Arabia | Egypt Oil & Gas - Part 22

ADES Renews Contract with Saudi Arabia

Advanced Energy Systems (ADES) International, a drilling contractor, renewed its contract with a client in Saudi Arabia for the jack-up drillship, ADMARINE 262, according to Pipeline Oil and Gas News. The LeTourneau C...

Kuwait, Saudi Arabia Move Forward with Dorra Field’s Development Plan

Kuwait and Saudi Arabia have brought in an international consultant to study the development plan for the Dorra offshore natural gas field and determine both countries’ shares in the field’s produced natur...

Saudi Steel Pipe Company to Supply Oil, Natural Gas Pipes

Saudi Steel Pipe Company was awarded a contract for the supply of oil and natural gas pipes for an amount exceeding 5% of its revenues, according to Mubasher. The deal was finalized on December 31, 2019, according to ...

Saudi Arabia to Commence New Project at Dorra Field

Prince Abdulaziz bin Salman, Saudi Energy Minister, announced on December 25 that the Kingdom would soon commence a new project at the Dorra offshore gas field, Saudi newspaper Eqtisadiah reported, according to Reuter...

Kuwait and Saudi Arabia’s Agreement Ends Neutral Zone Dispute

The Saudi-Kuwaiti five-year dispute over the Neutral Zone has finally come to an end, according to Reuters. The agreement between the two counties was signed on December 24, 2019. This agreement stipulates that the oi...

Kuwait Hopes to Resolve the Neutral Zone Issue

Khaled Al Fadhel, Kuwait’s Minster of Oil, expressed his hopes to resolve the Kuwait-Saudi Arabia Neutral Zone issue by the end of 2019, according to Reuters. Oil production in the Khafji and Wafra jointly-run oilfiel...

Saudi Crude Oil Exports Reach its Highest Level in October

Saudi Arabia’s crude oil exports have significantly increased by around 388,000 barrels per day (b/d) to reach 7.057 million barrels per day (mmbbl/d) in October, up from 6.669 mmbbl/d in September, according to Mubas...

Saudi Arabia Announces $2 B Petrochemical Deals

The Saudi Arabian General Investment Authority (SAGIA) announced a number of new petrochemical investments worth more than $2 billion, according to Zawya. The agreements were announced at Invest Saudi at Riyadh, where...

Saudi Crude Oil Production Falls 0.7 MM b/d

Saudi Arabia’s total crude oil output dropped by 0.660 million barrels per day (b/d) in September to 9.129 million b/d, according to Zawya. The country’s crude oil exports fell in September by 3%, reaching 6.67 ...

Aramco’s IPO Kicks Off Today

Saudi Aramco will start taking bids from local and foreign investors Sunday, November 17, with a preliminary valuation between $1.6 trillion and $1.71 trillion, Bloomberg reported. Currently the world’s largest IPO, t...

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