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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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Oil Prices Could Slide Toward $70 as Global Inventories Stay Strong

Oil prices could move toward $70 per barrel this year as strong inventories ease concerns about supply disruptions. Julius Baer expects crude prices to...

Saudi Arabia Studies Red Sea Oil Pipeline Expansion to Reduce Strait of Hormuz Dependence

Saudi pipeline plans have gained fresh attention as the Kingdom explores new options to strengthen regional energy exports. The proposed project could improve crude...

OPEC+ Approves August Oil Production Increase of 188,000 Barrels Per Day to Support Market Stability

OPEC+ Output will increase in August after seven major producers agreed to raise crude production while continuing efforts to support market stability. The latest...

Algeria Saudi Arabia Energy Partnership Supports Long-Term Investment in Oil and Gas Exploration

The Algeria Saudi Arabia Energy Partnership is gaining momentum as both countries move forward with a significant oil and gas development agreement aimed at...

Saudi Arabia And South Korea Strengthen Energy Partnership Through New Oil And Gas Agreement

Saudi Arabia and South Korea have taken a significant step toward expanding their energy cooperation by signing a new memorandum of understanding focused on...

Saudi Arabia Strengthens Alternative Trade Routes as Strait of Hormuz Closure Disrupts Shipping

The closure of the Strait of Hormuz continues to create major challenges for regional trade, energy exports, and global supply chains. As Gulf countries...

Saipem Secures $1 Billion Contract for Saudi Arabia’s Uthmaniyah Gas Project

Italian oilfield services company Saipem has secured a contract worth approximately $1.04 billion to develop the Uthmaniyah Gas Compression Plant in Saudi Arabia. The agreement...

Oil Export Nations Benefit from High Crude Prices Amid Global Economic Pressure

Oil dependence on oil revenues continues to influence global economic stability as crude prices remain elevated in 2026. Major oil-exporting countries benefit from stronger...

Saudi Aramco Expands Gas Strategy with Major Output Growth Targets

Aramco Gas Growth continues to shape Saudi Arabia’s long-term energy strategy as the company targets a major increase in gas production capacity by 2030....

Saudi Aramco Reports Strong Earnings Growth Driven by Higher Crude Sales and Energy Demand

Aramco’s profit increased sharply in the first quarter of 2026. Stronger crude prices and rising global energy demand supported earnings across core operations. Improved...

Energy Stability Cost Shapes Global Oil Markets as Producers Absorb Hidden Financial Burden of Market Balance

Energy stability cost shapes global oil markets in ways many consumers rarely consider. It reflects the hidden financial burden that oil-producing nations carry to...

Oil Prices Rise as Ceasefire Uncertainty Shakes Global Markets

The oil market surge returned to headlines as tensions between the United States and Iran intensified. Investors reacted quickly to uncertainty surrounding a fragile...
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