Saudi Arabia


All posts for Saudi Arabia

OPEC Takes Small Step... or Maybe Not

OPEC has agreed to rollback overcompliance with the original production deal of November 2016. This appears to mean an increase among the voluntary over-complying countries of 450,000 b/d with the bulk coming from Saudi Arabia, Kuwait, and the UAE. However, the communique could also be interpreted ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > ESAI EnergyOPECSaudi Arabia +8

S&P Global Platts FACTBOX: OPEC Oil Output Negotiations Tense as Seminar Starts in Vienna

OPEC talks over the future of its production cut agreement are on a knife edge, as ministers gather in Vienna ahead of Friday's critical meeting. The producer bloc hosts a two-day seminar starting today, a conference featuring ministers and CEOs of major oil companies, including BP, Total, Eni, Sa ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > S&P Global PlattsOPECOil +7

Can Saudi Arabia Prevent The Next Oil Shock?

By Cyril Widdershoven for Oilprice.com The ongoing speculation online about the future of cooperation between Russia and OPEC seems to be a little one-sided. The main point of discussion up until now has been the fact that, due to international pressure (such as Trump's Twitter diplomacy, perceiv ...

Oilprice Staff


Posted 1 year agoOpinion > oilpriceSaudi ArabiaOil +5

Emerging Market Meltdown Could Undermine Oil Rally

By Nick Cunningham of Oilprice.com Saudi Arabia and Russia just destroyed the oil price rally, potentially putting an end to all the speculation about what the group might do next. But higher production doesn't necessarily mean higher oil prices are entirely out of the question, and in fact, the ...

Oilprice Staff


Posted 1 year agoOpinion > emerging marketsoilpriceOil +5

Fine: No Such Thing As 'Free Trade' With OPEC as a Cartel

Among some speakers at the 2018 Four Corners Oil and Gas Conference last month in Farmington there were evasive positions on the future of OPEC. Also, previous online or media positions of “free trade” were muted to be popular with the oil, gas and equipment operators who made up those in attendanc ...

Will Fine


Posted 1 year agoOpinion > Kingdom of Saudi ArabiaSaudi Arabiasaudi +68

SABIC and ExxonMobil Advance Gulf Coast Project with Creation of a New Joint Venture

RIYADH, Saudi Arabia & SPRING, Texas--( BUSINESS WIRE )--SABIC and  ExxonMobil  said today that they have created a new joint venture to advance development of the  Gulf Coast Growth Ventures project , a 1.8 million tonne ethane cracker currently planned for construction in San Patricio County, Tex ...

OilVoice Press - OilVoice


Posted 1 year agoPress > SabicExxonMobilGulf Coast +3

KCA Deutag Completes the Acquisition of the Omani and Saudi Arabian Businesses of Dalma Energy LLC

Prior to publication, this document contained inside information under Regulation (EU) 596/2014 on market abuse. Following the announcement made on 5 March 2018, KCA Deutag today announces that it has completed the combination with the Omani and Saudi Arabian businesses of Dalma Energy LLC. A ...

OilVoice Press - OilVoice


Posted 1 year agoPress > KCA DEUTAGAcquisitionoman +2

Dr. Daniel Fine: Oil Speculation and Natural Gas/LNG in New England and Russia

American oil production is poised to reach upward to 11 million barrels of oil per day if the price of West Texas Crude reaches $75 a barrel.   Saudi Arabia or Saudi Aramco believes it will, and commodity speculators are following. It is similar to 2008 in June when Goldman Sachs forecast $250 per ...

Will Fine


Posted 1 year agoOpinion > Kingdom of Saudi ArabiaSaudi ArabiaSaudi Arabia Oil +34

TUV SUD NEL Signs Service Agreement in Saudi Arabia

TUV SUD NEL and the Arabian Calibration Company (ACC) have signed a long-term agreement to deliver meter calibration and flow measurement services within the Kingdom of Saudi Arabia (KSA). The agreement will see TUV SUD NEL supporting ACC in the creation and ongoing delivery of a number of servi ...


Posted 1 year agoPress > Saudi ArabiaUnited KingdomArabian Calibration Company +2

Gazprom and Saudi Aramco to Set Up Joint Coordinating Committee

Alexey Miller , Chairman of the Gazprom Management Committee, had working meetings today in Riyadh and Dhahran (Kingdom of Saudi Arabia) with Khalid Abdulaziz Al-Falih, Minister of Energy, Industry and Mineral Resources of Saudi Arabia, and Amin Bin Hassan Nasser, President and CEO of Saudi Arabia ...

OilVoice Press - OilVoice


Posted 1 year agoPress > GazpromSaudi AramcoKingdom of Saudi Arabia +2

Saudi Aramco to Build $44 Billion 'Mega Refinery' in India

Saudi Aramco has this week agreed to develop a $44 billion ‘mega refinery' on India's west coast in collaboration with three Indian state-owned oil companies. The collaboration takes the form of a Memorandum of Understanding (MoU) with Ratnagiri Refinery and Petrochemicals Ltd (RRPCL), a consortiu ...

OilVoice Press - OilVoice


Posted 1 year agoPress > Saudi AramcoSaudi ArabiaIndia +2

Saudi Arabia: Saudi Aramco and Total Sign a Memorandum of Understanding to Build a Giant Petrochemical Complex

Paris – During the official visit to Paris by Crown Prince of Saudi Arabia, HRH Mohammed bin Salman, Saudi Aramco and Total signed a memorandum of understanding to build a giant petrochemical complex in Jubail, Saudi Arabia.    The complex will be integrated downstream of the SATORP refinery, a ...

OilVoice Press - OilVoice


Posted 1 year agoPress > Saudi ArabiaSaudi AramcoTotal +3

Dr. Daniel Fine: OPEC in Houston and Steel Pipes From China

For a week in March, Houston was the site of a world assembly of oil producers engaged in an OPEC-Russia dialogue with American shale or light tight oil producers on supply and — indirectly — price.  OPEC and Saudi Arabia pitched a market information offensive.  Put simply, American oil producers ...

Will Fine


Posted 1 year agoOpinion > HoustonChinaChina National Petroleum Corporation CNPC +70

Wood Wins New Contract With Saudi Aramco and SABIC

Wood wins new contract to develop the world's largest crude oil to chemicals project for Saudi Aramco and SABIC Wood has been selected to develop the world's largest fully integrated crude oil to chemicals (COTC) complex in the Kingdom of Saudi Arabia , on behalf of Saudi Aramco and SABIC as the ...

OilVoice Press - OilVoice


Posted 1 year agoPress > WoodSaudi AramcoSaudi Arabia +6

OPEC Feb Crude Output 32.39 Mil b/d, Down 70,000 b/d From Jan: S&P Global Platts Survey

OPEC FEB CRUDE OUTPUT 32.39 MIL B/D, DOWN 70,000 B/D FROM JAN: S&P GLOBAL PLATTS SURVEY VENEZUELA FEB OUTPUT LOWEST IN S&P GLOBAL PLATTS SURVEY HISTORY, ASIDE FROM 2002-03 STRIKE LIBYA FEB CRUDE PRODUCTION HIGHEST IN NEARLY FIVE YEARS: S&P GLOBAL PLATTS SURVEY   London (Platts)--06Mar2018/530 a ...

OilVoice Press - OilVoice


Posted 1 year agoOpinion > OPECCrudeOutput +7