Saudi Arabia has raised oil exports and the United States is considering releasing crude from its strategic reserves as oil prices hit nine-month highs on Friday and concerns deepened over Iran's nuclear program.
Foster Wheeler AG announced that subsidiaries of its Global Engineering and Construction Group have been awarded an engineering, procurement and construction management contract by Aramco Overseas Company B.V. , a su ...
Technip was awarded a contract by Kuwait Gulf Oil Company (KGOC), for the engineering, procurement, construction and commissioning assistance of their Gas and Condensate Export System project.
Saudi Arabia remained the dominant energy investor in the Middle East and North Africa (MENA) region, with an estimated $141 billion during 2012-2016, data from the Dammam-based Arab Petroleum Investment Corporation ...
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'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 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.
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''.