US secretary of state Rex Tillerson has departed for Qatar as he tries to mediate a dispute between the energy-rich country and a quartet of Arab nations.
Saudi Aramco, which plans what could be the world’s biggest initial public offering, will invest more than $300 billion over the next decade to maintain its spare oil-production capacity and explore for more natural gas, President and Chief Executive Officer Amin Nasser said.
Four Arab countries isolating Qatar have vowed to take additional steps against the Gulf state after it refused to accept their demands over allegations that it supports extremist ideology.
Saudi Arabian Oil Co., the world’s largest oil exporter, increased production to an annual record last year before the kingdom led OPEC and other major producers to curb output to counter a global oversupply.
Foreign ministers from four Arab nations that have sought to isolate Qatar over its alleged support for extremist groups are holding talks in Cairo.
A quartet of Arab nations have received Qatar’s response to their demands for ending a diplomatic crisis gripping the Persian Gulf, just before a planned meeting in Cairo.
Qatar Petroleum has announced plans to double the size of a new LNG project in the North Field.
Abu Dhabi National Energy Company (TAQA) has begun oil production at its Atrush Block in Iraq’s Kurdish region.
Arab nations have extended a deadline for Qatar to respond to their list of demands in a diplomatic crisis rocking the Gulf, saying Kuwait’s emir requested the delay in his effort to mediate in the dispute.
Iran plans Monday to sign a formal contract with Total SA and China National Petroleum Corp. to develop its share of the world’s biggest natural gas field -- the first investment in the country by an international energy company since sanctions were eased last year.
The Arab countries isolating Qatar do not seek to force out the country’s leadership but are willing to cut ties if it does not agree to their demands, a top United Arab Emirates official has said.
Qatar has said it is “very comfortable” and can survive the economic and diplomatic steps its neighbours have taken to pressure it “forever”.
After Mohammed bin Salman’s appointment as crown prince, energy markets need to brace for an even more assertive Saudi Arabian foreign policy that could threaten regional stability in the heart of the global oil industry.
Saudi Arabia’s King Salman has appointed his 31-year-old son Mohammed bin Salman as crown prince, removing the country’s counter-terrorism chief from the royal line of succession.
Saudi Arabia's Navy had to stave off an attempted attack on offshore oil rigs late last week.
Petrofac has landed a $35million contract in Kuwait.
Boris Johnson has urged four Gulf and Arab countries to ease their blockade on Qatar over its alleged support for extremist groups and close ties to Iran.
Qatar has begun shipping cargo through Oman to bypass Gulf countries that have cut off sea routes to the tiny, energy-rich nation, the latest move by Doha to show it can survive a diplomatic dispute with its neighbours.
Saudi Arabia dwarfs Qatar on almost any measure, yet there are plenty of ways the tussle between the Gulf neighbors could end up hurting the world’s biggest oil exporter -- even if it wins.
Bahrain, Saudi Arabia and the United Arab Emirates have signalled they may allow some Qataris to stay in their countries amid a diplomatic rift with the Gulf nation.
European energy markets started to feel the impact of the escalating diplomatic row in the Middle East after natural gas prices soared when tankers full of Qatari fuel abruptly changed course.
When it comes to natural gas shipments, the United Arab Emirates needs Qatar more than Qatar needs the U.A.E.
Kuwait’s emir has travelled to Qatar and met the country’s leader as part of his efforts to mediate an end to a crisis that has seen Arab nations cut ties to the energy-rich country and attempt to isolate it.
Petrofac will provide a range of engineering services on major oil and gas projects for Petroleum Development Oman (PDO) as part of a 10-year deal.
An outspoken Emirati ruling family member has raised the prospect of Qatar’s leadership changing amid a growing diplomatic crisis between it and other Arab nations attempting to isolate the energy-rich travel hub from the rest of the world.