Saudi Arabia | Egypt Oil & Gas - Part 50
US Oil Prices Sink Below $50
The US price of crude oil is hovering under $50 per barrel despite this week's meeting of oil producers in Abu Dhabi to discuss compliance with January's production-cut agreement.
ACWA Power to Build Solar Plants in Aswan Province
ACWA Power has agreed to build three solar photovoltaic power plants in Aswan Province.
Saudi Aramco to Cut Sales in September
Saudi Aramco, the Saudi oil giant, will cut shipments of crude oil to international customers by 520,000 barrels a day (b/d) in September.
In a first, Saudi Energy Minister Meets with Hedge-Fund Investors
The Saudi Energy Minister, Khalid El Falih, met with key hedge-fund investors last month.
Saudi Arabia Maintains Market Share in Japan Despite Production Cuts
Saudi Arabia has maintained the same share of Japan’s crude-oil imports since the end of 2016 despite reducing its production in accordance with the production-cut agreement between OPEC and major, non-OPEC oil produ ...
Saudi Cabinet Approves Proposal for a National Program for Atomic Energy
Saudi Arabia’s cabinet of ministers approved a proposal to develop a national program for atomic energy during its meeting at the end of July.
WorleyParsons Wins Contract for Saudi Marjan Oilfield
Under the terms of the contract, WorleyParsons will be responsible for the project management and front end engineering and design (FEED) services for the offshore oil and gas facilities portion and the onshore upstr ...
Saudi Arabia to Curb Oil Exports in August, Reducing Shipments to US
Saudi Arabia will limit its oil exports in August by more than 600,000 b/d to satisfy the growing domestic demands while committing to the OPEC’s agreement to curb production.
