Saudi Arabia Names Candidate to Head OPEC

• Wednesday, 1st February 2012
• by Egypt Oil & Gas

Saudi Arabia has nominated its candidate to succeed the current head of the Organization Petroleum Exporting Countries, Gulf oil sources said Tuesday, potentially reviving a scramble for influence within the producer ...

Italy Eni, Spain Repsol quit Saudi gas hunt

• Saturday, 21st January 2012
• by Egypt Oil & Gas

Italy's Eni and Spain's Repsol have given up looking for gas in Saudi Arabia's Empty Quarter, two sources familiar with the joint venture with Saudi Aramco said.

Saudi says can pump more fast, favors $100 oil

• Tuesday, 17th January 2012
• by Egypt Oil & Gas

Saudi Arabia, the world's top oil exporter, said on Monday it can pump more oil at a moment's notice, the day after Iran warned Gulf oil producers not to compensate for any disruption to Iranian output.

Saipem awarded E&C onshore contracts worth approximately $600 million in Saudi Arabia

• Friday, 13th January 2012
• by Egypt Oil & Gas

In December, Saipem has been awarded in Saudi Arabia, by SABIC affiliate Safco (Saudi Arabian Fertilizer Company), the lump sum turnkey contract for the project ''Safco V''.