The exact dollar value of Saudi Aramco may be up for debate, but the listing of the world’s biggest company will be priceless for the kingdom’s markets.
Gulf Keystone today confirmed it would need to export is crude output via trucks to Turkey starting at the end of the month.
Saudi Arabia is kicking off its $50 billion renewable-energy push as the world’s top crude exporter turns to solar and wind power to temper domestic oil use in meeting growing energy demand.
A second Chinese energy company has bought a stake in a giant, Middle East onshore oil concession in as many days.
Abu Dhabi National Oil Co. awarded a stake in its largest oil concession to China National Petroleum Corp. as the Middle East emirate brings in more foreign investors to raise crude production capacity.
Qatar Petroleum is the hidden giant of the global energy industry, overshadowed by its neighbor Saudi Aramco. Yet, the country’s colossal natural gas resources allow the state-run company to pump more oil and gas than Rosneft PJSC or Exxon Mobil Corp.
Saudi Arabian Oil Co., which is planning what could be the world’s biggest share sale, will publish annual financial statements before the offering set for 2018, Energy Minister Khalid Al-Falih said.
Saudi Arabian Oil Co. is asking banks including Goldman Sachs Group Inc. and HSBC Holdings Plc to pitch for an advisory role on its initial public offering as it pushes ahead with plans for the world’s largest share sale, three people with knowledge of the matter said.
Genel Energy's chief executive said he was approaching 2017 with confidence as the firm was closer than ever to monetising oil exports from the Kurdistan Region of Iraq.
Zenith Energy has taken over operatorship of Azerbaijan's largest onshore producing oilfield.
The Kurdistan Regional Government (KRG) has paid out for the Shaikan crude oil experts.
Iran's oil minister said he was confident both OPEC and non-OPEC members would commit to the output cut deal agreed in November.
HVAC & Refrigeration Engineering, of Aberdeen said yesterday it had successfully completed a £500,000 contract to supply water chillers designed for “explosive” atmospheres.
Norwegian operator DNO said it has made an oil discovery in the Kurdistan Region of Iraq.
The National Iranian Oil Company (NIOC) is negotiating with the Philippines over exporting four million barrels of crude per month to the country.
Plexus has landed a Middle East contract worth $28,000.
Philip Hammond has embarked on a two-day New Year tour of the Gulf in a bid to strengthen economic relations with the UK’s allies in the region ahead of Brexit.
Japanese firm Inpex has signed a memorandum of understanding for the development of an Iranian oilfield in which it used to hold a stake, a news report said.
Iran qualified 29 international oil companies to bid in upcoming tenders for crude and natural gas development projects as the Persian Gulf state seeks investment in energy.
Kuwait Energy said today that it had inked a forward sale agreement with Vitol that will provide it with a financing facility of up to $100million.
North-east subsea equipment rental, sales and services firm Ashtead Technology said yesterday it had snapped up a Middle East company to grow its business in the region.
BP's field in Iraq has hit the milestone three billion barrel mark, the oil major today confirmed.
Oil giant BP PLC has agreed to an onshore oil deal with Abu Dhabi worth 2.22 billion following years of negotiations.
US president Barack Obama has unexpectedly declined to sign legislation renewing sanctions against Iran - but has let it become law anyway.
Bidding on Oman’s latest licensing round is under way, with four blocks up for grabs, the country’s oil ministry said today. The ministry is now using a digital system to enable bidders to access and evaluate information on the blocks –numbers 30, 31, 49 and 52 – over the internet.