OPEC will not take sole responsibility for propping up the oil price, Saudi Arabia’s oil minister said on Sunday, signaling the world’s top petroleum exporter is determined to ride out a market slump that ...
Saudi Arabia’s OPEC governor Mohammed al-Madi said on Sunday that he believed it would be difficult for oil to reach a price range of $100-120 per barrel again. “$100-120 – I think it’s difficu...
Bapco has announced it will take part in the second GCC Petroleum Media Forum in Riyadh next week. Being held under the patronage of Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud at the InterCont...
Leading players in the electricity, power generation, alternative energy, water technology, and lighting sectors will be showcasing their products and solutions at the upcoming Saudi Power 2015 expo in Riyadh. The sho...
Saudi Arabia’s PetroRabigh, a joint venture between Saudi Aramco and Sumitomo Chemical, has signed loans worth 19.4 billion riyals ($5.2 billion) for the expansion of its petrochemicals complex, it said on Tuesd...
The North Sea, which brought upheaval to global oil markets in the 1980s just as shale has in this decade, is desperately seeking tax relief in Wednesday’s British budget. As international oil prices continue their do...
KBR has been awarded a project management contract by Saudi Aramco to provide project management services for Saudi Aramco’s offshore programme. Under the terms of this six-year contract, KBR will provide project mana...
GE has announced $100 million in new programmes that will further the company’s localisation efforts, build innovation capacity, and create jobs in advanced manufacturing and software analytics. This new investment ad...
Any terms that world powers grant Iran under a nuclear deal will be sought by Saudi Arabia and other countries, risking wider proliferation of atomic technology, a senior Saudi prince warned on Monday in a BBC intervi...
Oil prices have started to stabilise around $60 a barrel in past weeks and will continue to firm up, while crude demand will grow stronger, an adviser to Saudi Arabia’s oil minister said. The comments by Saudi o...