Attacks on Saudi oil facilities knocked out half of supply
Saudi Arabia's energy minister has confirmed that drone attacks on its oil facilities knocked out about 50% of the country's production.
Middle East
Houthi rebels claim drone attack on Saudi oil plant
Drones claimed by Yemen's Houthi rebels have attacked the world's largest oil processing facility in Saudi Arabia and a major oilfield operated by Saudi Aramco.
Iran releases seven crew from UK-flagged tanker
Iran has released seven crew members from detained British-flagged oil tanker Stena Impero and they have flown out of Iran, according to the ship's owner.
Qatar Petroleum signs up Zeebrugge capacity
Qatar Petroleum (QP) has signed up for the full capacity of the Zeebrugge LNG terminal, under an agreement with Fluxys Belgium, signed on September 2.
Saudi sovereign wealth fund finalises terms on $10 billion loan
Saudi Arabia’s sovereign wealth fund finalised the terms of a $10 billion loan it’s seeking to raise from a group of banks, according to people familiar with the matter.
Bankers descend on Saudi Arabia to compete for Aramco IPO
Global banks will this week start making their case on why they should be hired for what’s set to be the world’s biggest initial public offering, according to people with knowledge of the matter.
Battle for Aramco IPO heats up as exchanges vie for supremacy
The largest global stock exchanges have restarted efforts to court Saudi Aramco as the battle to host the world’s biggest-ever initial public offering heats up again, people with knowledge of the matter said.
Aker Solutions bags £65m Adnoc deal
Aker Solutions has won a £65 million order from Adnoc to deliver subsea umbilicals for the Dalma gas development project located offshore UAE in the Persian Gulf.
Lazard in pole position for Aramco IPO after bond succcess
Lazard’s success working on the blockbuster Saudi Aramco bond sale this year has put it in pole position to secure a coveted spot on the oil giant’s second attempt at the world’s largest initial public offering.
Rooster looks for a lift in the Gulf
Red Rooster Lifting (RRL) has predicted a boost to sales after teaming up with a Middle East partner.
Updated: Oil rises after drone attack on Saudi Arabia disrupts Gulf calm
Oil rose for a second day after a drone attack on a Saudi Arabian oil field brought geopolitical risks back into focus, and as the prospect of more U.S.-China trade meetings spurred some investor optimism.
Iran says it expects tanker held by UK to be released soon
Iran expects an oil tanker seized by the U.K. in the Strait of Gibraltar in July will be released soon, the semi-official Fars News agency reported Tuesday, a move that could help to ease concerns about the safety of shipping routes in the Middle East.
Aramco remains world’s most profitable company even as oil falls
Saudi Aramco showed Monday it’s still the world’s most profitable company -- and paid out almost all its net income in dividends -- despite the dwindling price of oil.
Saudi prince’s rise to power turns him into a billionaire boss
It was an unprecedented move against once-inviolable power figures in the kingdom, framed as a crackdown on corruption.
McDermott wins ‘large’ contract with Saudi Aramco in Arabian Gulf
Energy services firm McDermott has been awarded a “large” contract with Saudi Aramco in the Arabian Gulf.
Shell monitoring Hormuz tensions closely, CEO says
Shell boss Ben van Beurden said today that the company was closely monitoring tensions in the Strait of Hormuz.
Singapore wealth fund investing $600m in Adnoc pipelines
The Abu Dhabi National Oil Company (Adnoc) has entered into a pipeline infrastructure investment pact with GIC, Singapore’s sovereign wealth fund.
BP, Eni sign exploration pact in Oman
BP and Italian oil firm Eni today signed an exploration and production sharing agreement (EPSA) for Block 77 in central Oman with the Sultanate's Oil Ministry.
Adnoc wraps up huge refinery deal with Eni, OMV
The Abu Dhabi National Oil Company (Adnoc) said today that it had completed one of the world's largest-ever refinery deals.
N-Sea wins trio of Middle East deals worth combined £12m
Subsea inspection, maintenance and repair (IMR) firm N-Sea has announced a trio of contracts worth about £12 million combined in the Middle East.
Petrofac JV selected for offshore UAE project FEED
A joint venture involving UK energy service giant Petrofac will carry out early design work on an offshore oil project in the Middle East.
Boost to security in Gulf as second warship arrives
A second warship has arrived in the Strait of Hormuz to protect British ships as the Iranian seizure of a tanker enters its second week.
Johnson told Iran ‘does not want confrontation’ but will protect Gulf
Iran has warned it will protect its waters after the UK set out plans to put together a European maritime force to defend shipping in the Strait of Hormuz.
UK seeks new European-led force to protect shipping in Gulf
Britain is to seek to put together a European-led maritime mission to protect ships sailing through the Strait of Hormuz following the seizure by Iran of a British-flagged tanker.
Theresa May to lead emergency meeting on Persian Gulf security
Prime Minister Theresa May will lead a meeting of the U.K. government’s emergency committee on Monday to discuss the security of shipping in the Persian Gulf after Iran seized a British oil tanker in the Strait of Hormuz last week.