Saudi Arabia To Tender Construction For Mecca 600 MW Solar Project
Saudi Arabia plans to tender a contract to build a 600 MW solar power project in Mecca, the country's energy ministry said in a tweet on March 24.
March 24, 2019
Middle East
Iran’s Oil Exports Fall Even Before Further US Clampdown
Iran vows to continue to export oil, but statistics indicate economic pressure.
March 22, 2019
Oil Declines From 2019 Highs But Set For Third Weekly Gain
Oil fell further from 2019 highs on March 22, but was set for a third straight week of gains due to supply cuts led by producer club OPEC and by U.S. sanctions on Iran and Venezuela.
March 22, 2019
McDermott Bags Offshore EPCI Contract In Arabian Gulf
McDermott International Inc. has been awarded a substantial contract from a Middle East customer for engineering, procurement, construction and installation (EPCI) services in the Arabian Gulf, the company said on March 21.
March 21, 2019
Oil Holds Near 2019 Peak As Global Supplies Tighten
Oil held near 2019 highs on March 20, supported by tightening U.S. stocks and declining output from key producers due to OPEC production cuts and U.S. sanctions on Iran and Venezuela.
March 21, 2019
Oil Prices Firm, But Slowing Economy Drags
Oil prices edged up on March 20, supported by ongoing supply cuts led by producer club OPEC and U.S. sanctions against Iran and Venezuela, although gains were limited by concerns over economic growth.
March 20, 2019
Qatar To Launch Energy-Focused Islamic Bank With $10 Billion Capital
Lender would fund private and government energy projects domestically and internationally.
March 19, 2019
Oil Prices Hover Close To 2019 Highs On OPEC Output Cuts, US sanctions
Oil prices were near 2019 highs on March 19, supported by supply cuts led by producer club OPEC.
March 19, 2019
Delek Drilling Considers London IPO For Leviathan Gas Stake
Delek Drilling is considering listing its holdings in the Leviathan natural gas field off Israel's Mediterranean coast on the London Stock Exchange as part of a corporate restructuring.
March 18, 2019
UPDATE:OPEC To Scrap April Meeting, But Hold Steady On Oil Output
OPEC and its non-OPEC partners need to reconsider if there is a need for a meeting in April, Saudi Arabia's energy minister said on March 18, adding that there was no pressure from the United States to increase supply.
March 18, 2019