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OPEC+ Keeps December Oil Output Targets Unchanged, With Saudi Arabia’s Required Production at 10.478 Million bpd

Seven OPEC+ producers including Saudi Arabia, Iraq, Kuwait and Oman agreed on Sunday to keep December production at September's required levels.

Aramco Completes Purchase of 49% Stake in PIF’s AI Company Humain, Contributing About SR9.9 Billion in Cash

Aramco has closed its acquisition of a 49% stake in HUMAIN, with the Public Investment Fund keeping 51% of the Saudi AI company.

OPEC+ Keeps December Oil Output Targets Unchanged, With Saudi Arabia’s Required Production at 10.478 Million bpd

Seven OPEC+ producers including Saudi Arabia, Iraq, Kuwait and Oman agreed on Sunday to keep December production at September's required levels.

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OPEC+ Keeps December Oil Output Targets Unchanged, With Saudi Arabia’s Required Production at 10.478 Million bpd

Seven OPEC+ producers including Saudi Arabia, Iraq, Kuwait and Oman agreed on Sunday to keep December production at September's required levels.

Qatar’s Nakilat Says LNG Carrier Al Mayeda Was Hit by Unidentified Objects in the Gulf, No Injuries Reported

Qatar Gas Transport Co. (Nakilat) said its LNG carrier Al Mayeda was hit by unidentified objects while sailing in the Gulf on Oct. 30, with no crew injuries.

Aramco Completes Purchase of 49% Stake in PIF’s AI Company Humain, Contributing About SR9.9 Billion in Cash

Aramco has closed its acquisition of a 49% stake in HUMAIN, with the Public Investment Fund keeping 51% of the Saudi AI company.

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Adnoc Drilling Oman Deal Secures 70% Stake in SLB Rigs

Adnoc Drilling has made a bold move in the regional oil sector. The company secured a 70% stake in SLB’s drilling operations in Oman....

Iraq Boosts Oil Output at Nasiriyah and Saba Fields

Iraq boosts oil output at Nasiriyah and Saba Fields after strong local engineering efforts. The Ministry of Oil announced that both fields now produce...

Oman Reports 2024 Budget Surplus from Hydrocarbon Revenue Rise

Oman reports 2024 budget surplus from hydrocarbon revenue rise as oil prices outpaced initial forecasts. The final account for the 2024 budget shows total...

ADNOC Drilling Enters Oman Market Through Major $112m Stake Deal

ADNOC Drilling has taken a bold step into Oman’s oilfield services sector by acquiring 70% of SLB’s land drilling rigs business in the Sultanate. Notably,...

Saudi Arabia Oil Price Cut Likely for July Due to OPEC+ Supply Jump

Saudi Arabia may reduce its oil prices for July exports to Asia. This move comes as OPEC+ continues to boost production. A Saudi Arabia oil...

Nama Group Advances Oman Energy Transition With Key Projects

Nama Group continues to make major progress in driving the Oman energy transition. The group presented updates during its annual media briefing, showcasing strategic gains...

GULFNAV Brooge Acquisition Strengthens Oil Storage Market

Gulf Navigation Holding PJSC (GULFNAV) has made a big move to expand its operations. The company has now finalized the GULFNAV Brooge acquisition. This...

Saudi Arabia Pushes Forward with New Saudi Aramco Bond Issuance

Saudi Aramco bond issuance is back in motion as the oil giant plans a new multi-part bond sale worth at least $500 million. Notably,...

Oman Drives Energy Transition Cooperation with Malaysia

Oman continues to strengthen its international partnerships, especially in clean energy. Recently, HH Sayyid Asa’ad held important talks with Malaysia’s Minister of Energy Transition...

SCOP Finishes Gas Pipeline Under Tigris River

Iraq’s State Company for Oil Projects (SCOP) completed a major milestone. It installed a Iraq gas infrastructure project in Sayafiyah. This pipeline is part of...

Iraq Launches South Basra Integrated Project with Strategic Oil Deal

Iraq has signed a major agreement for the South Basra Integrated Project. The Ministry of Oil partnered with China’s Geo-Jade Petroleum and Iraq’s Crescent...

Iraq U.S. Oil Cooperation Welcomed with Federal Oversight Requirement

The Iraqi Ministry of Oil announced it supports Iraq-U.S. oil cooperation, but only under federal legal frameworks. This comes after recent energy deals between...