Saudi Aramco has posted its strongest quarterly results since going public, with net income of $39.5 billion and free cash flow of $30.6bn.
The first tenders have reportedly been launched for a huge offshore oil rig theme park mooted by Saudi Arabia, with potentially more than $5 billion of work up for grabs.
KBR has won a seven-year contract to provide general maintenance services (GMS) to the Satorp complex in Saudi Arabia.
Iraq may reactivate a deal with Halliburton to drill wells in a western gas field in Akkas next month, Oil Minister Ihsan Abdul Jabbar told local media.
Drilling rig operator Valaris has secured a series of new contracts and contract extensions worth some $181 million in backlog.
Yemen’s Houthi rebel leader on Saturday announced a three-day halt to hostilities after an escalation of missile, drone and ground attacks on Saudi Arabia over the past week, the rebel-run Al-Masirah TV reported.
An oil storage facility in Saudi Arabia was hit in a barrage of drone attacks on the kingdom on Friday, the latest flare-up in one of the world’s most important regions for oil shipments.
Saudi Aramco will increase spending and issue bonus shares as oil’s surge to more than $100 a barrel bolsters the company’s plan to boost production.
Saudi Aramco has taken a final investment decision (FID) on a major refinery and petrochemical project in China.
Saudi Aramco closed a deal to sell a stake in its natural-gas pipelines for $15.5 billion and entered into a pact with BlackRock Inc. to explore low carbon energy projects.
Europe’s biggest banks are still pumping billions into the oil and gas sector despite signing up to a landmark net zero initiative.
Lamprell has indicated a “significant step up” in its bidding pipeline as global opportunities in renewables continues to rise.
Saudi Aramco has bought a 7.4% stake in Norway’s Cognite, a software company.
Saudi Aramco said demand for oil is nearing pre-Covid levels and reiterated that producers globally are investing too little in supply.
Dutch firm Heerema Marine Contractors has sealed a contract with McDermott to transport and install six large jackets.
Valaris has announced a clutch of contract awards, including decommissioning work with Centrica in the UK.
Aberdeen-headquartered Wood has secured a multi-million dollar front-end engineering design (FEED) contract with Saudi Aramco.
The world is on course for a “deeply flawed” and “ever more chaotic energy transition”, Saudi Aramco CEO Amin Nasser has said, in comments at the World Petroleum Congress.
Saudi Aramco has awarded three contracts to McDermott offshore in the Arabian Gulf, shortly after handing Worley offshore work.
French President Emmanuel Macron has overseen a number of commercial deals during his visit to the Middle East.
Saipem and Hyundai have announced contract wins on the Jafurah development, in Saudi Arabia.
Saudi Aramco has handed out contracts to a number of service companies to develop Jafurah, the largest non-associated gas field in Saudi Arabia.
ACWA Power has secured financial close on its $12 billion Jazan project, which will supply Saudi Aramco’s refinery under a 25-year deal.
Engineering services giant Worley (ASX: WOR) has landed a refinery upgrade contract with Saudi Aramco.
Saudi Arabia will push ahead with plans to increase oil production capacity to 13 million barrels per day by 2027.