Saudi Arabia


All posts for Saudi Arabia

Saudi Aramco – Dividends over Diversification

Aramco is still 98% owned by the Saudi government, and the federal coffers, which run everything from the national airline to plans to open up for official tourism are dependent on the dividends that Aramco pays. With dry season in the oil and gas world setting in, some of these projects must now ...

Hui Shan


Posted 9 days agoLink > Saudi AramcoSaudi ArabiaOPEC +7

Deep Casing Tools secures UK patent for extended reach drilling innovation

A UK patent has been granted for new technology which can almost half the cost for extended reach drilling (ERD) well liner installations. Patents are also pending   in Europe, the USA, Canada, UAE and Saudi Arabia.   Deep Casing Tool's (DCT) MechLOK™ Drill Pipe Swivel (DPS) is the industry's ...

Saffron Cummings


Posted 4 months agoPress > well installationsUKOil and Gas +16

Massive revenue shortfall in new state forecasts

The last time state economists released revenue forecasts, New Mexico had a massive oil boom with no end in sight. Those same economists released dire revenue projections on Wednesday, suggesting New Mexico could take in between $1.7 billion and $2.4 billion less than originally expected during t ...

Will Fine


Posted 4 months agoLink > Santa FeSANTAFENewMexico +58

Dr. Daniel Fine & T Greg Merrion on the OIL PRICE WAR and U.S. collapse

Interview with Oil and Gas Expert Dr. Daniel Fine with T.Greg Merrion of Merrion Oil D r. Daniel Fine and T. Greg Merrion of Merrion Oil are experts in their fields.  Dr. Fine raises the fact the oil market was manipulated and explains just how it was done.  T Greg gives an acrual account of from ...

Will Fine


Posted 4 months agoOpinion > oil newsBusinessNewsBusiness news +44

OPEC, Russia tentatively agree to production cuts

OPEC and Russia, however, want the U.S. to impose state-mandated cuts, rather than let the free market force producers to scale back operations through low prices. And even if a deal is reached, it may do little to raise oil prices, since consumption is now hovering at 50-year lows, and with the ...

Will Fine


Posted 5 months agoLink > OPECG20Non-OPEC +54

Expert Dan Fine discusses future of oil, natural gas amid low prices and the coronavirus

(Photo: Augusta Liddic/The Daily Times)AZTEC — Two tweets sent by President Donald Trump on the morning of April 2 spurred optimism for an oil industry hit hard by a flood of oil from Saudi Arabia and Russia, driving down the price. (Photo: Twitter screengrab)Fine said Russia, which has been frus ...

Will Fine


Posted 5 months agoLink > NewMexicogeopoliticalGeopolitics +66

Special lecture on the Oil Price War with Dr. Daniel Fine rescheduled for this Thursday 4/2

News Breaking Announcement from Dr. Fine--> My entire lecture is this upcoming THURSDAY APRIL 2 “ENERGY ELECTION 2020" has been moved to a Zoom conference instead from 10AM to 11:15AM ! To get on the ZOOM conference call -> 505 566 3702 and ask for Cecilia! or email cgunnell@4cornersed.com You ...

Will Fine


    US 02 Apr 2020


Posted 5 months agoEvent > durangoFarmington New Mexicocolorado +57

Oil and gas industry faces huge loss

BY KEVIN ROBINSON-AVILA AND DAN BOYD / ALBUQUERQUE JOURNAL STAFF WRITERS Published: Thursday, March 19th, 2020 at 5:04pm Updated: Thursday, March 19th, 2020 at 9:55pm " Copyright © 2020 Albuquerque Journal With oil prices plunging to their lowest level in 22 years, state legislators are proje ...

Will Fine


Posted 5 months agoOpinion > Farmington New MexicoDelaware BasinWest Texas Delaware Basin USA +63

Special lecture on the Oil Price War with Dr. Daniel Fine

You are invited to a special lecture with premiere energy and geopolitical analyst Dr. Daniel Fine ! I will be lecturing on 1) Energy Election 2020: Second Term Trump or Alternative 2) U.S Energy Domination and Trump: Export or Else 3) Gas and Oil under the Alternative: Climate Control and Taxation ...

Will Fine


Farmington   NM   US 30 Mar 2020


Posted 6 months agoEvent > oil priceoil price collapseOil prices +57

Oil price plunge wallops NM

With Russia and Saudi Arabia now locked in battle over which country can sustain their economies the longest as prices plummet, the Permian Basin in West Texas and southeast New Mexico is caught directly in the crossfire. In fact, in good part, the price war appears directly aimed at slowing prod ...

Will Fine


Posted 6 months agoLink > Governor of New MexicoFarmington New MexicoBusiness news +48

Oil price plunge wallops New Mexico

BY KEVIN ROBINSON-AVILA / Albuquerque JOURNAL STAFF WRITER Published: Monday, March 9th, 2020 at 10:02pm Copyright © 2020 Albuquerque Journal New Mexico's oil boom could soon turn to bust after world prices for crude crashed on Monday. The price for U.S. benchmark West Texas Intermediate b ...

Will Fine


Posted 6 months agoOpinion > RussiaRussian marketOPEC +85

Middle Eastern Business Smarts: Make Friends, Not Deal

By Neil Hathaway, Regional Middle East Manager We're all familiar with the hard sell. Sometimes, in the ruthless commercial culture that characterises much of the western world, it seems that all that matters is making the sale. It is well-documented in powerful Hollywood movies such as  Tin Men   ...

Saffron Cummings


Posted 9 months agoOpinion > Middle Eastbusiness tipscustomer satisfaction +6

A Changing of Guard in The Saudi Kingdom

The stock prices of U.S. oil exploration and production (E&P) companies relative to the broader U.S. equity market index have declined since the start of the year. According to the 42 companies' income statements, however, upstream production costs did not increase at the same rate as total outpu ...

Hui Shan


Posted 11 months agoLink > Crown Prince of Saudi ArabiaPrince SalmanKhalid Al-Falih +4

Saudi Arabia crude oil production outage affects global crude oil and gasoline prices

Although U.S. imports of crude oil from Saudi Arabia have declined during the past three years—and recently hit a four-week average record low of 380,000 b/d in the week ending September 6—the United States still imports about 7 million b/d of crude oil. Saudi Arabia can use these inventories to ...

Hui Shan


Posted 11 months agoLink > pricesInternationalGasoline +6

Kaboom in World Oil Supply!

Crude oil markets will certainly continue to react to new information as it becomes available in the days and weeks ahead, but this disruption and the resulting changes in global crude oil prices will influence U.S. retail gasoline prices. Saudi Arabia can use these inventories to maintain a simi ...

Hui Shan


Posted 1 year agoLink > KSASaudi ArabiaTrump +6