Aramco Awards BHGE Services Contract for Marjan Field
Saudi Aramco has awarded Baker Hughes (BHGE) an integrated services contract for capacity expansion work on the offshore Marjan oilfield.
Saudi Arabia | Egypt Oil & Gas - Part 36
Aramco Announces Six Companies Bidding for Berri Oilfield Development
Saudi Aramco has announced that it will choose between six companies to develop the $6 billion Berri Offshore Oilfield Increment Program project.
Kuwait’s Crude Shipments to Japan Down 5.3% in July
Kuwaiti crude oil exports to Japan fell 5.3% in July year-on-year (YOY) to 216,000 barrels per day (b/d), the third consecutive monthly decrease.
Aramco, Lomonosov MSU Sign Collaborative Agreement
Saudi Aramco Upstream Technology Company (SAUTC), subsidiary of Saudi Aramco, has signed an memorandum of understanding (MoU) with Russian Lomonosov Moscow State University (MSU) for joint research focusing primar ...
Saudi Aramco Increases Investment in Tech Research
Saudi Aramco has doubled its scientific employee base to 1,300, and has greatly increased its patented technologies over the past five years.
OPEC Supply Cuts: Oil Production 9% Lower than Agreed
Signatories to the OPEC non-OPEC supply cut agreement reduced production in July by 9% more than agreed, according to an official committee.
Saudi Arabia Grants Aramco 40-Year Concession Agreement
The Saudi government has offered state-owned oil company Saudi Aramco a 40-year concession term for the kingdom's oil reserves, replacing its current evergreen contract which permits it indefinite exclusive rights ...
OPEC to Agree Oil Supply Monitoring Mechanism: Kuwait Minister
OPEC and non-OPEC petroleum producing countries will agree to introduce a mechanism for monitoring crude oil production before the end of 2018, Kuwaiti Oil Minister Bakheet Al-Rashidi stated.
Saudi Sovereign Fund Borrows $11B Following Aramco IPO Delay
Saudi Arabia's sovereign wealth fund has borrowed $11 billion from international banks after plans for an initial public offering (IPO) of state-owned oil firm Saudi Aramco were delayed indefinitely.
Iran To Sell Oil to Asia at Discount
Iran plans to sell discounted oil to the Asian market as a way to mitigate losses caused by US sanctions on the country.
