CAIRO—Saudi Energy Minister Prince Abdulaziz bin Salman and U.S. Energy Secretary Rick Perry met in Riyadh on Oct. 28 and will work together to ensure the security of global energy supply, Saudi state news agency SPA reported.
The two discussed oil markets, the role of OPEC and oil-producing countries outside the organization in coordinating oil production, achieving stability in oil markets and threats against oil facilities in the Gulf, SPA said.
The Saudi energy minister also met with Nigerian Oil Minister Timipre Sylva and discussed investment opportunities between the two countries, oil markets and cooperation among OPEC Plus countries to maintain markets’ stability, SPA said.
The Saudi minister stressed the kingdom’s role as a reliable supplier of crude oil in achieving market stability and its full commitment to provide this strategic commodity.
Recommended Reading
Kimmeridge Fast Forwards on SilverBow with Takeover Bid
2024-03-13 - Investment firm Kimmeridge Energy Management, which first asked for additional SilverBow Resources board seats, has followed up with a buyout offer. A deal would make a nearly 1 Bcfe/d Eagle Ford pureplay.
Laredo Oil Subsidiary, Erehwon Enter Into Drilling Agreement with Texakoma
2024-03-14 - The agreement with Lustre Oil and Erehwon Oil & Gas would allow Texakoma to participate in the development of 7,375 net acres of mineral rights in Valley County, Montana.
SLB’s ChampionX Acquisition Key to Production Recovery Market
2024-04-21 - During a quarterly earnings call, SLB CEO Olivier Le Peuch highlighted the production recovery market as a key part of the company’s growth strategy.
Hess Corp. Boosts Bakken Output, Drilling Ahead of Chevron Merger
2024-01-31 - Hess Corp. increased its drilling activity and output from the Bakken play of North Dakota during the fourth quarter, the E&P reported in its latest earnings.
The OGInterview: Petrie Partners a Big Deal Among Investment Banks
2024-02-01 - In this OGInterview, Hart Energy's Chris Mathews sat down with Petrie Partners—perhaps not the biggest or flashiest investment bank around, but after over two decades, the firm has been around the block more than most.