International

Eni announces Long-Term Strategic Plan to 2050

Claudio Descalzi, CEO of Eni, said: “The strategy we announce today represents a fundamental step for Eni. We will set out the evolution of our Company in the next 30 years combining the objectives of ongoing development in a fast changing energy market and a significant reduction in our carbon footprint, a combination considered impossible by many.

Schlumberger Opens Manufacturing Center in Saudi Arabia

Schlumberger announced the opening of a world-class manufacturing center in King Salman Energy Park (SPARK) that supports Saudi

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.

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.

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.

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.

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

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