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SLB Says Middle East Revenue Rose 13% to $1.9 Billion in Third Quarter, Wins Five-Year Contracts From PDO and Kuwait Oil Company

SLB said its Middle East revenue rose 13% from the previous quarter to about $1.9 billion in the third quarter as activity recovered, and disclosed new contracts from Petroleum Development Oman and Kuwait Oil Company.
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Brent Settles at $116.72, Highest Since April, as Houthi Attacks on Saudi Arabia Fuel Supply Concerns

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NMDC Energy Wins AED2.8 Billion of Offshore Work From Saudi Aramco

Abu Dhabi-listed NMDC Energy has been awarded new offshore engineering, procurement and construction projects worth AED2.8 billion ($763 million) by Saudi Aramco.
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Brent Settles 4% Higher at $113.17, Its Highest Close Since May, as Iran Says Seven Vessels Hit Near Hormuz

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SLB Says Middle East Revenue Rose 13% to $1.9 Billion in Third Quarter, Wins Five-Year Contracts From PDO and Kuwait Oil Company

SLB said its Middle East revenue rose 13% from the previous quarter to about $1.9 billion in the third quarter as activity recovered, and disclosed new contracts from Petroleum Development Oman and Kuwait Oil Company.

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SLB Says Middle East Revenue Rose 13% to $1.9 Billion in Third Quarter, Wins Five-Year Contracts From PDO and Kuwait Oil Company

SLB said its Middle East revenue rose 13% from the previous quarter to about $1.9 billion in the third quarter as activity recovered, and disclosed new contracts from Petroleum Development Oman and Kuwait Oil Company.

Brent Settles at $116.72, Highest Since April, as Houthi Attacks on Saudi Arabia Fuel Supply Concerns

Brent crude settled at $116.72 a barrel on Friday, its highest close since April 29, as Houthi attacks on Saudi Arabia raised concern about Gulf supply disruption.

NMDC Energy Wins AED2.8 Billion of Offshore Work From Saudi Aramco

Abu Dhabi-listed NMDC Energy has been awarded new offshore engineering, procurement and construction projects worth AED2.8 billion ($763 million) by Saudi Aramco.

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Second Tanker Attacked Off Saudi Arabia’s Jubail as Iran’s Guards Say Supertanker Hit Mine in Hormuz

A tanker was attacked with a rocket-propelled grenade from a small boat 78 nautical miles northeast of Saudi Arabia's Al Jubail on October 16, UKMTO said, the second tanker attack reported in the area that day.

Tanker Hit by Projectile Off Saudi Arabia’s Jubail as Hormuz Traffic Stays 70% Below Prewar Levels

A tanker was struck by an unknown projectile about 68 nautical miles northeast of Al Jubail on Saudi Arabia's Gulf coast on Friday, October...

Brent Settles at $109.86, Highest Since May, as Attacks Near Hormuz and on Saudi Arabia Mount

Brent crude rose 3.7% to settle at $109.86 a barrel on Friday, October 16, its highest close since May 19, as attacks on shipping near the Strait of Hormuz and on Saudi Arabia kept Gulf supply risks in focus.

Saudi Arabia and Iraq Drive 1.78 Million bpd Jump in OPEC September Output, Reuters Survey Finds

OPEC crude output rose by 1.78 million barrels per day in September to 21.49 million bpd, led by gains in Saudi Arabia and Iraq, a Reuters survey published on October 16 found.

Oil Prices Fall as Hormuz Shipping Risks and US Sanctions Plans Shape Market Outlook

Oil Prices fell by more than 1% on Thursday as investors assessed supply risks and Middle East tensions. Traders weighed attacks near the Strait...

Saudi Arabia Signs Major Energy Cooperation Deals with Kuwait, Qatar and Egypt to Strengthen Regional Security

Energy Cooperation is gaining momentum as Saudi Arabia signs new agreements with Kuwait, Qatar and Egypt to expand regional collaboration. Saudi Energy Minister Prince...

Gulf GDP Growth Can Be Misleading as Oil Production Shifts Across the Region

Gulf GDP figures can change sharply when oil production rises or falls across major energy-producing economies. However, headline growth does not always reflect the...

Oil Prices Rise as Middle East Shipping Attacks Increase Supply Concerns Across Global Energy Markets

Oil Prices: Brent crude climbed to $102.28 per barrel on Thursday morning. West Texas Intermediate also advanced to $89.94 per barrel. Meanwhile, traders continued...

Gulf Oil Producers Offer Deep Discounts to Win Back Buyers Amid Rising Shipping Costs and Hormuz Risks

Gulf oil discounts are growing as producers try to attract buyers despite rising shipping costs and regional risks. Saudi Arabia and Iraq have offered...

Gulf Oil Exports Near Pre-War Levels Despite Rising Attacks and Higher Shipping Costs

Gulf oil exports are approaching pre-war levels despite rising attacks and shipping costs. However, stronger shipment volumes do not mean regional oil markets have...

Middle East Oil Exports Rise Above Pre-War Levels Despite Growing Tanker Attacks

Oil exports from the Middle East moved above pre-war levels during several days in late September. Regional crude shipments reached as much as 22.5...

Houthi Gains Around Bab Al Mandab Raise Risks for Red Sea Shipping and Oil Markets

Houthi forces have strengthened their position around Yemen’s Bab Al Mandab Strait, increasing risks to Red Sea shipping, Saudi energy infrastructure and global oil...
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