Exploration & Production

Saudi Arabia launches five major oil and gas projects

Salman bin Abdull aziz December 9 2013King Salman bin Abulaziz Al Saud of KSA announced five mega oil and gas projects, in line with Saudi's development plans, outlined by Vision 2030 

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Egypt accepts six oil and gas bids worth US$200mn

oil4Egypt has accepted six bids for oil and gas exploration worth a total investment of up to US$200mn, the Ministry of Petroleum said

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OPEC reaches agreement on production cut

opecmeetingnovOil prices rose above US$50 a barrel following OPEC’s historic agreement at its November 30th meeting in Vienna to cut production for the first time since the global financial crisis eight years ago

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Saudi boost oil exports amid OPEC uncertainties

Crude Oil Carrier in Brofjordens Crude Oil HarbourSaudi Arabia want an OPEC stance to be decided before striking a deal with non-OPEC producing countries as Septembers export figures show KSA boosted exports by over 500,000 bpd 

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Rowan partners Saudi Aramco to create new offshore drilling company

81088Rowan Companies plc and the Saudi Arabian Oil Company have signed, through their subsidiaries, an agreement to create an equal joint venture to own, operate, and manage offshore drilling rigs in Saudi Arabia

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