Saudi Arabia | Egypt Oil & Gas - Part 53
McDermott Launches Graduate Training Program in the Middle East
McDermott's two-year course will provide job-coaching from McDermott’s engineering, fabrication, marine, supply chain, commercial, and safety divisions. The training is available for students in Saudia Arabia and UAE.
Saudi Aramco Invites China’s Sinopec to Invest in IPO
China is one of Saudi Arabia’s targets as the kingdom prepares for the IPO by deepening relationships with its most significant oil buyers.
Saudi Arabia Cut Aramco Income Tax
Saudi Arabia issued a royal decree to decrease the income tax paid by Aramco.
Saudi Arabia Cuts Oil Supplies to the US
Saudi Arabia's oil exports to the US will decrease by around 300,000b/d during March, and total shipments would remain around March levels in the coming months.
Saudi Arabia Remains as China’s Biggest Oil Supplier
Saudi Arabia maintained its spot as China's top oil supplier in February, two months into the first OPEC output cuts in almost a decade, despite a near 13% fall in shipments from 2016.
Aramco Awards Seismic Survey Extension to Magseis, BGP
Geophysical company Magseis has, together with its partner BGP, been awarded an extension to the ongoing contract with BGP Arabia and Saudi Aramco to acquire additional ocean bottom seismic data block in the Red Sea.
Saudi Arabia, China Sign $65b Preliminary Deals
China and Saudi Arabia have signed preliminary deals that could be worth as much as $65b if finalized. One of the preliminary agreements envisages the joint development of downstream and petrochemical projects in China.
Oil Inventories Increase Despite OPEC Deal
Saudi Arabia, the biggest member of the cartel, showed a surprising output jump, increasing production in February by 263,000b/d to 10mb/d.
