Saudi Aramco has awarded two contracts to Schlumberger for drilling rigs and services for oil and gas wells in the Kingdom
Exploration & Production
Five Middle East countries in top ten with largest oil reserves: GlobalData
Saudi Arabia, Iraq, Kuwait, Iran and the UAE rank in the list of the ten countries with the largest remaining crude and condensate reserves, according to GlobalData
World Bank to stop funding oil and gas projects from 2019
The World Bank group has announced that it will cease to finance new upstream oil and gas exploration projects after 2019
CB&I receives EPC award for SASREF’s refinery in Al-Jubail
Saudi Aramco Shell Refinery (SASREF) has awarded a contract worth US$95mn to CB&I to provide engineering, procurement and construction management for SASREFs existing refinery in Al-Jubail city in Saudi Arabia
Oil prices rise nearly two per cent on China demand
Oil prices rose almost two per cent on Friday, as Chinese crude demand rises, according to a Reuters report