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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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Aramco CEO Highlights Importance of Oil and Gas During Global Conflicts in Saudi Arabia

Oil and gas are important in times of conflict, said Aramco’s CEO, addressing energy leaders at the Energy Asia Conference. He explained how the...

Saudi Arabia Faces Strain Amid Oil Supply Risk from Iran Disruption

The Saudi oil capacity challenge has taken center stage as regional conflict threatens global oil supply. After Israeli strikes on Iran, prices surged nearly...

Drone and AI technology to transform Saudi Arabia’s oil sector

Saudi Arabia is accelerating its oil industry modernization with drone and AI technology. A new partnership between Aramco and Japan’s Terra Drone is central...

Saudi Economic Growth Accelerates as Non-Oil Sector Shines

Saudi Arabia's economy showcased strong economic resilience by posting 3.4% year-on-year real GDP growth in the first quarter of 2025, according to official data released Monday....

OPEC Oil Output in May Rises Less Than Planned in Iraq and the Gulf

OPEC oil output in May increased slightly but fell short of expectations, as Iraq and Gulf states limited production boosts. The Reuters survey revealed...

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...

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,...

Aramco Q1 Profits Drop Despite Strong Dividends

To start off, Saudi oil giant Aramco reported a 4.6% Aramco Q1 profits fall in net income for the first quarter. The company posted a...

Saudi Arabia’s Balancing Act: Diplomacy, Economic Diversification, and the Energy Transition

Saudi Arabia is undergoing a significant geopolitical and economic transformation, balancing diplomacy, economic diversification, and energy transition. At the heart of this shift is...

Saudi Arabia Faces Indirect Risks from US Tariffs and Oil Price Drops

Indirect risks from US tariffs are now affecting Saudi Arabia’s economy. The country avoids direct trade disruption due to oil and gas exemptions. However,...

Saudi Arabia Ready for Lower Oil Prices Shift

Saudi Arabia now signals it can manage a prolonged drop in oil prices. This Saudi oil strategy shift may reshape global energy markets. Officials in Riyadh...

Saudi Arabia Prepares for Low Oil Prices with Strategic Oil Market Shift

Saudi Arabia is signaling a new direction in oil policy. Officials have started telling allies that the kingdom can manage lower oil prices. This...
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