SABIC Approved to Purchase Clariant Stake
Regulators have approved SABIC's purchase of a 24.99% stake in Swiss chemical company Clariant.
Saudi Arabia | Egypt Oil & Gas - Part 36
Aramco Awards Chinese Company Project to Construct Berri Field Drilling Islands
Saudi Aramco has awarded a contract to China’s Harbour Engineering Arabia for the construction of two drilling islands in its Berri oilfield.
Iran to Move Main Oil Export Terminal to Gulf of Oman
Iran is planning to move its primary export terminal from the Arabian Gulf to the Gulf of Oman to avoid using the strategic Strait of Hormuz, President Hassan Rouhani stated in a televised speech on September 4.
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.
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 ...
