Saudis may yet get OPEC+ deal from recalcitrant Russia as crisis grows

Saudi Arabia has so far been thwarted by Russia in its push to shore up oil markets against the coronavirus. But when they meet next week, the humbled kingdom may yet clinch victory.

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Saudi Aramco signs 66 agreements worth $21 bln

Saudi Aramco signed 66 partnerships agreements valued at more than US$21 billion with companies for work across the Saudi Arabian energy sector, including a $110 million joint venture with Baker Hughes.

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Oil falls sharply alongside other commodities as uncertainty grows

Renewed fears that the coronavirus will harm global growth rocked commodity markets again on Monday, with oil and metals prices tumbling while gold soared toward $1,700 an ounce amid a flight to haven assets.

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Petrofac awarded $40 mln project by Sharjah NOC

Petrofac’s has been awarded an engineering, procurement, construction and commissioning (EPCC) contract by Sharjah National Oil Corporation (SNOC), worth around US$40 million, for a project in the United Arab Emirates.

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Approving the planning budget for Petro shorouk and Petrobl companies for the fiscal year 2020/2021

Engineer Tariq Al Mulla, Minister of Petroleum and Mineral Resources, announced that the Zohr field project represents a model in planning, implementing, following up and achieving world records

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Aramco enters the natural gas export club with the giant "Al Jafoura" field in the eastern region.

the giant "Al-Jafoura" field in the eastern region which is the largest non-associated non-traditional gas field, discovered in Saudi Arabia with a length of 170 kilometers and width 100 km, and the volume of gas resources in its reservoir is estimated at 200 trillion cubic feet of wet gas

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Africa’s Largest Oil Nation Could See Production Drop 35%

Nigeria’s oil production could drop by 35 percent in the ten years as regulatory uncertainty and costs amid languishing oil prices may prompt oil majors to postpone final investment decisions on three major deepwater projects, consultancy Wood Mackenzie told Reuters on Thursday.

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East-Mediterranean partnerships key for Egypt hub plans

Egypt is set firmly on its path of progressing the eastern Mediterranean energy hub in collaboration with neighboring countries despite geopolitical uncertainties.

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