Oil And Gas

Russia, Saudi Arabia resume talks on gas project in Siberia

January 16, 2021

Russian oil giant Gazprom has resumed talks with the Saudi Arabian chemical manufacturer SABIC over the latter's co-investment in building a......

Saudi Aramco cuts crude supply to some Asian refiners

January 14, 2021

SINGAPORE: Top oil exporter Saudi Arabia has cut supplies of February-loading crude for some Asian buyer by up to a quarter while meeting requirements......

Saudi NEOM JV working with Lazard on $5bln hydrogen project - sources

January 14, 2021

DUBAI/LONDON- A joint venture comprising Air Products, ACWA Power and NEOM has hired financial firm Lazard to advise it on a planned $5 billion hydrogen......

Energy Minister Al Mazrouei tours East Coast infrastructure project

January 10, 2021

DUBAI — Infrastructure projects valued at AED10 billion are currently under way along the East Coast of the UAE, said Suhail Bin Mohammed Al......

Oil prices surge as Saudi pledges to slim production to balance price

January 7, 2021

NEW YORK: Oil prices shot higher following Saudi Arabia’s surprise announcement that it would trim production, while global equities had a......

Saudi deepens cuts as Opec+ agrees oil output rollover

January 6, 2021

Saudi Arabia will make additional, voluntary oil output cuts of one million barrels per day (bpd) in February and March as part of a deal under which......

King Salman Energy Park deploys 'green' construction technologies

December 30, 2020

King Salman Energy Park (SPARK), a fully-integrated industrial city under development, has announced the deployment of multiple innovative construction......

Saudi Sipchem’s unit pens $186.6mln Murabaha loan deal

December 29, 2020

Riyadh – Sahara International Petrochemical Company (Sipchem) said that its 75%-owned subsidiary, International Polymers Company (IPC), signed......

UAE's ADNOC Distribution plans to buy fuel stations in Saudi Arabia

December 29, 2020

The Board of Directors of ADNOC Distribution, the fuel distribution arm of the Abu Dhabi National Oil Company, plans to acquire fuel distribution......

Saudi Arabia makes four new oil and gas discoveries

December 28, 2020

Saudi Arabia, the world's largest exporter of crude, discovered four new oil and gas fields, the kingdom's minister of energy Prince Abdulaziz......