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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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Saudi Oil Exports Reach Wartime High as Pipeline Flows Resume and Shipping Costs Rise

Saudi oil exports have reached their highest level since the conflict began. The increase follows the partial restart of the East-West pipeline. Saudi Arabia...

Saudi Oil Pipeline Resumes Operations as Repairs Restore Crude Exports Through the Red Sea

Saudi oil pipeline operations have resumed after repairs following an attack earlier this month. The restart supports Saudi Arabia’s efforts to maintain crude exports....

Aramco Gas Division Plans Could Create Standalone Unit and Open Door to Future Investment

Saudi Aramco is exploring plans to create a standalone gas business as its natural gas operations expand. The company has reportedly hired Evercore to...

Saudi Renewables Pipeline Reaches 63.8 GW Across 53 Projects as Capacity Expands

Saudi Renewables have reached 63.8 gigawatts across 53 projects, marking strong growth in clean energy development. The Kingdom continues expanding renewable power capacity under...

Gulf Oil Remains Competitive as Saudi Arabia Restores Pipeline Operations Amid Rising Security and Transport Costs

Gulf oil remains competitive despite rising expenses linked to infrastructure repairs and security measures. Saudi Arabia has restarted operations on its East-West pipeline after...

Houthi Attacks on Saudi Energy Facilities Extend Oil Rally as Brent Crude Nears $100 per Barrel

Oil rally concerns grew on Tuesday after attacks targeted several Saudi energy facilities in the southern region. Oil prices climbed as the attacks raised...

OPEC+ Keeps October Oil Output Unchanged as Members Prepare for 2027 Quota Talks

OPEC+ kept its oil output policy unchanged for October during a meeting on Sunday. OPEC+ now faces important decisions about future production levels and...

Oil Importers Turn to Longer Routes as Global Energy Trade Faces Rising Geopolitical Risks

Oil routes are changing as major energy importers seek greater protection from geopolitical disruptions. Countries across Asia are expanding their supplier networks to reduce...

How the Iran Conflict Has Reshaped the Gulf Economy, Energy, Tourism and Trade

The Gulf economy has undergone major changes since the Iran conflict began six months ago. Energy, shipping, aviation, property, and tourism have all faced...

Brent Oil Surges Above $90 as US-Iran Strikes Raise Fears Over Gulf Energy Supplies

Brent oil prices climbed above $90 as fresh US-Iran strikes increased concerns about regional energy supplies. The renewed fighting also raised fears about shipping...

Trump Warns Iran Trading Partners as Strait of Hormuz Disruptions Push Oil Prices Higher

The Trump Iran warning has increased pressure on countries maintaining business ties with Tehran. The warning also pushed fresh concerns across energy markets. US President...

Oil Prices Rise as Iran-UAE Tensions Push Brent Crude Near Four-Week High Amid Growing Strait of Hormuz Concerns

Oil prices climbed again on Wednesday as tensions between Iran and the UAE increased. The latest developments raised concerns about regional energy supplies and...
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