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International Group Takes 49% Stake in Aramco Oil Pipeline Unit Share your comments
A consortium has closed a $12.4 billion deal to acquire an equity stake in Aramco Oil Pipelines Co.
9:31 AM EST | June 21, 2021
Iran Says Fire Engulfed Refinery to be Back Online Thursday Share your comments
An oil refinery in Iran's capital that was engulfed in a huge fire will be back online by Thursday, Iran's official Shana news service reported, quoting Oil Minister Bijan Namdar Zanganeh.
6:40 AM EST | June 03, 2021
Technip Energies Bags Significant Deal Share your comments
Technip Energies (PARIS:TE) has been awarded a 'significant' contract for project engineering and management services.
7:03 AM EST | May 28, 2021
Aramco Weighing Sale of Stake in NatGas Pipelines Share your comments
Aramco is considering the sale of a stake in its vast natural gas pipeline network to help free up cash and draw more international investors to Saudi Arabia, people familiar with the matter said.
5:41 AM EST | April 27, 2021
Saipem Nets $350MM Qatargas Work Share your comments
Saipem (BIT: SPM) revealed Tuesday that Qatargas has confirmed the exercise of two options for additional work within the North Field Production Sustainability Offshore Project.
6:02 AM EST | April 13, 2021
Yemeni Rebels Hit Saudi Aramco Refinery Share your comments
Yemen's Iran-backed Houthi rebels attacked an Aramco refinery in the Saudi capital Friday using six bomb-laden drones.
2:16 PM EST | March 19, 2021
Qatar Ships First UAE Oil Cargo Since Embargo End Share your comments
Qatar exported what appeared to be its first oil cargo to a Persian Gulf neighbor since the United Arab Emirates and three other countries agreed to restore ties with Doha in January.
5:23 AM EST | March 11, 2021
Saudi Aramco and Hyundai Make LPG-for-CO2 Deal Share your comments
Carbon dioxide generated from hydrogen production will be used at Aramco oil production facilities.
11:25 AM EST | March 03, 2021
Qatar Petroleum Awards Major EPC Deal Share your comments
Qatar Petroleum has announced the award of a 'major' engineering, procurement, and construction contract to Samsung C&T Corporation.
6:56 AM EST | March 01, 2021
Qatar Aims to be LNG King for At Least 2 Decades Share your comments
Qatar aims to be the world's biggest producer of liquefied natural gas for at least the next two decades.
7:18 AM EST | February 17, 2021
Qatar Petroleum Greenlights $29B LNG Project Share your comments
Qatar Petroleum has taken the final investment decision for developing the North Field East Project, which it describes as the world's largest LNG development.
6:48 AM EST | February 09, 2021
Israeli Firm Claims EV Charging Breakthrough Share your comments
The company contends the rapid charging batteries could overcome range and charging anxiety, a critical barrier to mainstream EV adoption.
10:41 AM EST | January 20, 2021
South Korea Seeks Qatari Help to Release Tanker Share your comments
South Korea has asked Qatar for 'maximum support' to secure the release of an oil tanker seized by Iran this month.
7:42 AM EST | January 14, 2021
Iran Seizes Korean Tanker and Arrests Crew Share your comments
It's the latest in a series of shipping incidents in the Persian Gulf.
11:01 AM EST | January 04, 2021
Saudi Aramco Eyes Gas Sales to China Share your comments
Saudi Aramco wants to sell natural gas to China, CEO Amin Nasser said.
9:00 AM EST | November 11, 2020
Saudi Arabia to Ease Foreign Worker Rules Share your comments
The new rules go into effect on March 14 and apply to all foreign workers in the private sector, said an official.
9:51 AM EST | November 04, 2020
Qatargas to Automate LNG Project with Honeywell Tech Share your comments
Honeywell will serve as the main instrument and control contractor for QP’s North Field East project.
5:50 AM EST | October 29, 2020
Israel and UAE Eye Pipeline Linking Red and Med Seas Share your comments
Israel and the UAE have opened talks over an oil pipeline linking the Red Sea with the Mediterranean.
11:57 AM EST | October 20, 2020
Saudi Aramco Trims Cost of Yanbu Project Share your comments
Aramco and its subsidiary Saudi Basic Industries Corp. intend to incorporate existing facilities into the Yanbu project instead of building an entirely new one.
11:19 AM EST | October 19, 2020
Abu Dhabi Invests $2.1B in Adnoc Pipelines Share your comments
Abu Dhabi institutional investors are paying $2.1 billion for a stake in a natural gas pipelines unit run by Abu Dhabi National Oil Co.
6:33 AM EST | October 15, 2020
Qatar Set to Expand Access to UK LNG Market Share your comments
Qatar is preparing to ramp up LNG exports to the UK.
11:51 AM EST | October 14, 2020
Lender Sees $211B in MENA Gas Projects Share your comments
Investment in natural gas projects across the Middle East and North Africa (MENA) will rise, according to Arab Petroleum Investments Corp.
11:20 AM EST | October 12, 2020
Baker Hughes Wins Qatar LNG Order Share your comments
Qatar Petroleum has selected Baker Hughes to fulfill a major LNG turbomachinery order for its North Field East project.
7:48 AM EST | September 30, 2020
Aramco Shelves $20B Petchem Plan Share your comments
Saudi Aramco is shelving multi-billion-dollar petrochemical and gas projects as the state oil giant's determination to preserve its dividend forces it to cut back on major investments.
8:22 AM EST | September 03, 2020
Saudi AC Demand May Curb OPEC Plan Impact Share your comments
Saudi Arabia is set to burn potentially record amounts of crude oil to run its power plants and keep its citizens comfortably air-conditioned.
10:21 AM EST | July 21, 2020
Saudi Crude Exports Appear to Be Down 8 Percent Share your comments
Saudi Arabia seems to have made good on its promise to cut oil production by a record amount in June.
12:18 PM EST | June 30, 2020
Aramco Completes $69B SABIC Deal Share your comments
Saudi Aramco has completed its acquisition of a 70 percent stake in Saudi Basic Industries Corporation for a total price of $69.1 billion.
4:53 AM EST | June 17, 2020
Iraq Asks Buyers to Forgo Oil Cargoes Share your comments
It's a potential signal the country is trying to meet the output-cut pledges it made to OPEC during the weekend.
1:40 PM EST | June 09, 2020
Saudis Raise Oil Prices by Most in 20 Years Share your comments
Saudi Arabia is doubling down on a strategy to bolster the oil market.
2:11 PM EST | June 08, 2020
Qatar Petroleum Signs Landmark LNG Deals Share your comments
Saad Sherida Al-Kaabi, Qatar's minister of state for energy affairs and QP's president and CEO, has signed three LNG ship construction agreements. SOURCE: Qatar Petroleum
7:48 AM EST | June 02, 2020
Abu Dhabi Mulling Pipeline Stake Sale Share your comments
A deal could value the pipelines at more than $15 billion.
12:50 PM EST | June 01, 2020
Petrofac Wins Iraq Contract Extension Share your comments
Petrofac has provided ICOEEP with operations and maintenance services for nearly eight years.
8:05 AM EST | June 01, 2020
Lamprell Wins EPIC Contract With Sharjah National Oil Share your comments
Scheduled for completion in early 2021, Lamprell's work will be specific to the Mahani extended well test project.
8:04 AM EST | May 22, 2020
Saudi Petchems Contract Goes to McDermott Share your comments
A subsidiary of Advanced Petrochemical Co. has awarded McDermott International, Inc. a contract for a propane dehydrogenation unit.
8:01 AM EST | May 22, 2020
Fluor Wins Saudi Petchems Contract Share your comments
AGIC has named Fluor project management consultant for its new propane dehydrogenation, polypropylene and utilities and offsites complex in Jubail Industrial City, Saudi Arabia.
7:58 AM EST | May 18, 2020
Sabic Suspends All but Essential Spending Share your comments
Saudi Basic Industries Corp. is suspending new capital expenditure after an oil-price slump and coronavirus-related lockdowns hammered demand for chemicals.
6:01 AM EST | May 04, 2020
McDermott Unit Wins Saudi Contracts Worth Up to $350MM Share your comments
McDermott's CB&I Storage Solutions unit will build 38 tanks and 13 spheres throughout Saudi Arabia.
7:45 AM EST | April 30, 2020
Saudi Aramco Mulls Pipeline Stake Sale to Raise Cash Share your comments
Aramco may need to raise cash this year as it confronts a historic rout in oil prices and a growing list of spending obligations.
3:28 PM EST | March 30, 2020
Ineos Delays FPS Summer Shutdown Share your comments
Ineos FPS has delayed its Forties Pipeline System summer shutdown until August 'at the earliest'.
7:10 AM EST | March 25, 2020
Chemicals Glut Drags Down Sabic Profit Share your comments
Saudi Basic Industries expects earnings to come under further pressure this year from sluggish economic growth and an oversupply of petrochemicals.
5:21 AM EST | January 29, 2020
Adnoc's $15B Gas Pipeline Lures BlackRock, GIP Interest Share your comments
Adnoc is seeking to sell as much as 49 percent of the business through a lease structure.
11:16 AM EST | January 28, 2020
Oil-Storage Demand at Mideast Hub Prompts Brooge Expansion Share your comments
The expansion would more than double the amount of crude traders could store at Fujairah, the world's second-largest refueling port.
1:10 PM EST | January 27, 2020
Verdict on Aramco, Sabic Crude-to-Chemicals Plan Expected in 2Q Share your comments
Saudi Basic Industries Corp. and Saudi Aramco expect to announce in the second quarter whether they'll proceed with plans to build a facility to process crude oil directly into chemicals.
4:34 PM EST | January 16, 2020
Qatar and Kuwait Make 15-Year LNG Deal Share your comments
QP will supply Kuwait with up to 3 mtpa of LNG under the long-term deal.
11:53 AM EST | January 06, 2020
Iran Detains Fuel Ship Near Strait of Hormuz Share your comments
Iran says it has detained a ship carrying smuggled fuel near the entrance to the Strait of Hormuz.
3:02 PM EST | December 30, 2019
Qatar Targeting 64 Percent Jump in LNG Capacity Share your comments
Qatar will expand its LNG capacity to 126 million tons a year thanks to gas from a newly explored section of the planet's largest field.
11:29 AM EST | November 26, 2019
Baker Hughes Signs Long-Term Saudi Arabia Contracts Share your comments
Baker Hughes broke ground Wednesday on its first manufacturing site in Saudi Arabia. PHOTO SOURCE: Sadara
11:02 AM EST | November 13, 2019
Honeywell Wins Contract for Pioneering Kuwait Project Share your comments
Pictured, from left, are Honeywell's Kuwait President Rachad Abdallah and KIPIC Acting CEO Hatem Al-Awadi. PHOTO SOURCE: Honeywell Process Solutions
3:53 PM EST | November 12, 2019
Aramco Delays Payment on Sabic Deal by Four Years Share your comments
Aramco's intention-to-float announcement means around three years of work on the company's IPO, which could be the largest ever, may be drawing to a close.
11:31 AM EST | November 04, 2019
Saudi Cracker Contract Goes to McDermott Share your comments
The Amiral plant reportedly will be one of the world's largest mixed-feed crackers.
11:06 AM EST | October 22, 2019