Saudi Arabia’s state oil company has hired an energy consultancy to assess its reserves of crude oil, people familiar with the matter said, opening a window onto a closely guarded Continue Reading
Saudi Arabian Oil Co., or Saudi Aramco, has given up plans to partner Malaysia’s national oil company for an up to 89 billion ringgit ($20.1 billion) refining and petrochemicals project Continue Reading
Saudi Arabia’s rift with Egypt is spiraling out of control, with major strategic ramifications for both countries, as well as for the Yemen conflict and other Red Sea security challenges. Continue Reading
Saudi Arabia has issued a warning to local organizations that the Shamoon virus that had hit state-held oil giant Saudi Aramco in 2012 has resurfaced in a new variant, Reuters Continue Reading
Royal Dutch Shell said its move to sell off its share in a petrochemical joint venture with a Saudi partner is part of its effort to retool its regional focus. Continue Reading
Saudi Basic Industries Corp. agreed to buy out Royal Dutch Shell Plc ’s 50 percent stake in a petrochemical joint venture for $820 million, marking the third project with Saudi Continue Reading
When OPEC decided not to cap output in 2014, flooding the market with oil, it was trying to drive higher-cost producers – most notably U.S. shale – out of profitability Continue Reading
No compatible source was found for this media. OPEC’s Barkindo: ‘So Far, So Good’ on Production Cut Deal Saudi Arabia’s crude exports surged to a 13 1/2-year high in November, Continue Reading
With the OPEC production deal holding, at least for the moment, questions have now arisen over how prospects look for the cartel’s biggest producer. It’s been a strange few years Continue Reading
Saudi Aramco Chief Executive Amin Nasser said the state oil giant was working on building its oil and gas production capacity to meet future demand growth. “What we are doing Continue Reading
