Saudi Arabia said global oil production could drop 30% by the end of the decade due to falling investment in fossil fuels. “We’re heading toward a phase that could be Continue Reading
Highlights 2022 revenues forecast at $279 billion, up 12% on year Al-Rajhi Capital calculates fiscal breakeven price of $65/b Kingdom says it seeks to gradually boost crude production Saudi Arabia Continue Reading
Highlights Neutral Zone could be needed source of incremental supply Wafra, Khafji fields face technical challenges due to shutdown 2021 exports have ranged from 158,000 to 257,000 b/d: Kpler Saudi Continue Reading
The first major contracts for Saudi Arabia’s Jafurah field were awarded last week The Kingdom aims to become the third-largest natural gas producer in the world by 2030 Saudi Arabia Continue Reading
The Iran-aligned Houthi movement in Yemen targeted on Tuesday oil infrastructure and military compounds in Saudi Arabia with drones and ballistic missiles, the movement said today on its broadcast channel Continue Reading
Saudi Aramco said on Monday it has signed a $15.5 billion lease-and-leaseback deal for its gas pipeline network with a consortium led by BlackRock Real Assets and state-backed Hassana Investment Continue Reading
The chief executive of Saudi Aramco, the world’s largest oil producer, has called on global leaders to continue investing in fossil fuels in the years ahead or run the risk Continue Reading
Transition is amid pressure for less new E&P investment ‘No way near ready to carry big load’: Nasser But energy transition promises higher E&P returns Even as climate change initiatives Continue Reading
The deals comprise 16 subsurface and engineering, procurement and construction contracts. The Saudi Arabian Oil Company has announced that it has awarded contracts worth $10 billion for the Jafurah unconventional Continue Reading
Highlights Jafurah field could yield up to 2 Bcf/d of gas at peak Output will also support chemicals, hydrogen production Aramco says shale gas will reduce oil used for electricity Continue Reading
