Middle East

Crude Oil , Trade , International

Saudi Arabia Chafes at ‘False Promises’ on Oil Cuts from OPEC Partners

Moves to flout deal terms on oil cuts damage reputation of OPEC+, Saudi Arabia’s energy minister says.

September 17, 2020

Highlights , Field Development , Emerging Plays , Drilling

E&P: September 2020 International Drilling Activity Highlights

Check out the latest oil and gas drilling activity highlights from around the world featured in the September issue of E&P including plans to drill and test a play offshore the U.K. originally discovered by ConocoPhillips in 1982.

September 16, 2020

Business , Subsea

Service Provider Proserv Opens New Facilities Boosting Global Operations

The new facilities in Abu Dhabi and Scotland demonstrate that even during a global pandemic, the controls technology provider is “growing and moving forwards,” says Michael Purkiss, Proserv’s vice president of services.

September 16, 2020

Exploration & Production , Crude Oil , Trade , International

Saudi Arabia to Keep Pumping Despite Fall in Oil Prices

Saudi Arabia fears that if it cuts more production to support oil prices, other countries will take advantage and produce greater amounts, jeopardizing the unity of the OPEC+ group.

September 10, 2020

Markets , Trade , International

Iranian Fuel Seized by US to Reportedly Reach Texas Within Days

The U.S. announced in August that it had confiscated 1.1 million barrels of Iranian fuel bound for Venezuela, part of Washington's efforts to disrupt trade between Caracas and Tehran.

September 8, 2020

Business , Petrochemicals , Crude Oil , Trade , International

US Blacklists Companies for Helping Facilitate Iran’s Exports of Petroleum, Petrochemicals

The State Department also imposed sanctions on five companies for engaging in transactions related to Iran’s petroleum and petrochemical industry, as well as on three executive officers of the blacklisted companies.

September 3, 2020

Public Capital , Investment

Saudi Aramco Reportedly Slowing Diversification Plans amid Oil Downturn

Oil company Saudi Aramco is reviewing plans to expand at home and abroad in the face of sharply lower oil prices and a heavy dividend burden, the Wall Street Journal reported.

September 3, 2020

Investment

ADNOC Signs $5.5 Billion Real Estate Deal with Apollo-led Consortium

ADNOC, the state-owned oil company of Abu Dhabi in the United Arab Emirates, said in a statement that the transaction will result in upfront proceeds of $2.7 billion and is expected to close before year-end.

September 3, 2020

Exploration & Production , Crude Oil , Trade , International

OPEC August Oil Output Rises for Second Month as Supply Cut Eased

OPEC oil output has risen by about 1 million bbl/d in August, a Reuters survey found, as the group and allies eased record oil supply curbs.

September 2, 2020

Exploration & Production

Aramco Discovers Two New Oil, Gas Fields in Northern Saudi Arabia

State oil company Saudi Aramco has discovered two new oil and gas fields in the northern regions, the kingdom's energy minister Prince Abdulaziz bin Salman Al-Saud said Aug. 30.

August 30, 2020