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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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Gulf States Slash Oil Production by 6.7 Million BPD Amid Strait of Hormuz Crisis

Global oil markets faced a historic shock Tuesday as Bloomberg reported that Iraq, Saudi Arabia, the UAE, and Kuwait have collectively cut production by...

Aramco Halts World’s Largest Offshore Fields Amid Conflict

Global supply shock risks surged Tuesday as Saudi Aramco shuttered four of its most productive offshore oilfields. The state-owned giant suspended operations at Safaniya,...

Saudi Arabia Offers Rare Spot Crude Amid Hormuz Freeze

Global oil crisis conditions worsened Monday as Saudi Arabia took the unusual step of offering crude on the spot market. This move follows the...

Saudi Ports and Suez Canal Authority Explore Strategic Cooperation in Dredging and Logistics

Saudi Arabia and the Suez Canal Authority are strengthening regional maritime cooperation through a broader partnership. The collaboration aims to enhance port operations, shipbuilding,...

Türkiye and Saudi Arabia Seal Historic $2 Billion Solar Partnership

Türkiye has taken a decisive step in its energy strategy through a landmark solar agreement, highlighting strong regional cooperation and a growing commitment to...

Germany and Saudi Energy Cooperation Boosts Hydrogen and Green Initiatives

Germany and Saudi Arabia agreed to strengthen energy collaboration during German Economy Minister Katherina Reiche’s visit to Riyadh on Sunday. The move signals a...

Saudi Arabia and Kuwait Advance Divided Zone Projects

Saudi Arabia and Kuwait strengthened cooperation on major Divided Zone Projects during a meeting in Al-Khafji, Saudi Arabia, on Sunday. Furthermore, the discussions highlighted...

Saudi Arabia’s Maaden Gold Resources Surge by 7.8 Million Ounces

Saudi Arabia’s Maaden has added 7.8 million ounces of gold to its mineral resources, significantly strengthening its global position. As a result, the expansion...

Saudi Industrial Output Posts Strongest Growth Since Early 2023

Saudi Arabia recorded its strongest industrial production growth since early 2023, signaling renewed momentum in the Kingdom’s energy-led economy. Official data showed the Industrial...

Production Partnerships Drive Libya Oil Expansion

Production partnerships are reshaping Libya’s upstream energy strategy as the Gulf Arab Oil Company accelerates efforts to expand output. The state-owned producer announced a...

Mideast Contracts Lift Wood Regional Growth

Mideast contracts powered a strong year for Wood after the company secured more than one billion dollars in awards. The Aberdeen-based engineering and consulting...

Saudi Arabia Awards 1.2 GW Khulis Solar Tracker Contract

GameChange Solar secured a 1,200 MWp tracker contract for the Khulis Solar PV Independent Power Plant in Saudi Arabia. This contract highlights the kingdom’s...
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