Aramco, Sinopec Ink Deal for Marjan Field Pipelines
Saudi Aramco has signed an agreement with Sinopec Engineering Incorporation for two pipeline projects at the Marjan oilfield.
Saudi Arabia | Egypt Oil & Gas - Part 25
Aramco Awards Saipem $3.5 B Gas Contracts
Saudi Aramco and Italy’s oil contractor, Saipem, signed two contracts at $3.5 billion for natural gas, Reuters reported.
Aramco Awards $18 billion Contracts to Raise Oilfields Production
Saudi Aramco has awarded 34 contracts with a total value of $18 billion for the engineering, procurement, and construction of the Marjan and Berri increment programs.
Saudi Oil Output Rises 1.16% in June
Saudi Arabia, the world’s top oil exporter, produced 9.782 million barrels per day (b/d) in June up from 9.67 million b/d in May.
Saudi Arabia, UK Discuss Aramco IPO
The British delegation visiting Riyadh will discuss the initial public offering (IPO) of Saudi Aramco, for which the London Stock Exchange (LSE) is a potential candidate.
Alfanar, Taqnia Sign MoU For Renewable Energy Projects
The agreement aims to shift towards increased dependence on renewable energy sources, in line with Saudi Vision 2030.
Aramco Lowers Prices for Asian Markets in August
Prices for Asia are affected by the monthly average price of Platts Dubai and the Oman Dubai Mercantile Exchange (DME).
OPEC Production Hits 5-Year Low
OPEC produced 29.6 million per day (b/d) in June, down by 170,000 b/d compared with May.
Saudi Arabia, Kuwait Near Restoring Production in Neutral Zone
The two countries reportedly made significant progress in negotiations for the zone that could increase their oil production by 500,000 barrels per day (b/d).
Aramco, Hyundai Ink MoU For Hydrogen Fuel, Non-Metallic Materials
The two companies will expand their reliance on non-metallic materials in a wide range of applied application areas, led by the automotive industry.
