Saipem Wins $800 M in Contracts
Italian oil and gas contractor Saipem has won contracts worth approximately $800 million in total for engineering and construction in Saudi Arabia, Iraq and other countries.
Saudi Arabia | Egypt Oil & Gas - Part 38
Bab al-Mandeb Closure has Limited Impact on Shipments: Kuwait
The temporary closure of the Bab al-Mandeb strait has a limited impact on Kuwaiti oil shipments as only 10% pass through the strategic shipping lane, Kuwait News Agency (KUNA) revealed on July 26.
Saudi Arabia Halts Red Sea Shipments After Houthi Attack
Saudi Arabia is “temporarily halting” all oil shipments through the Red Sea due to an attack on two oil tankers by Yemen's Houthi movement.
Saudi Crude Exports to Drop by 100,000 b/d in August
Saudi Arabian crude exports are expected to drop by roughly 100,000 barrels per day (b/d) in August as the country refrains from oversuppling the market, the kingdom's OPEC governor stated on July 19.
Saudi Arabia Looks to Increase Asian Crude Exports
Saudi Arabia is looking to increase its oil exports to Asia, according to anonymous sources.
Oil Fields in Kuwait, Saudi Arabia Neutral Zone to Restart Production in 2019
The Khafji and Hout oil fields in the neutral zone jointly operated Kuwait and Saudi Arabia will resume production in 2019.
WTI Reaches $75 for First Time Since 2014
West Texas Intermediate (WTI) crude reached $75 a barrel on July 3, but quickly dropped to settle at just 0.3% higher, after the American Petroleum Institute (API) announced that US crude inventories fell by 4.51 ...
South Korean KEPCO Shortlisted for Saudi Nuclear Tender
State-run Korean Electric Power Corp (KEPCO) is among companies shortlisted to bid for a nuclear project in Saudi Arabia.
Kuwait Raises Output by 85,000 bpd
Kuwait started raising its oil output by 85,000 barrels per day (b/d) from July 1, in accordance with the recent agreement between OPEC and non-OPEC producers to increase production by 1 million b/d.
Saudi Arabia Plans to Pump 11 mb/d in July
Saudi Arabia plans to pump 11 million barrels per day (mb/d) in July, a record high for the country, up from 10.8 million b/d in June.
