US-based engineering group McDermott has been awarded two contracts from Saudi Aramco for projects on the Karan, Safaniya and Zuluf fields in the Gulf
Industry
Dragon Oil to bid for Afghan oil, gas deals
Dragon Oil, 51 per cent controlled by Dubai’s Emirates National Oil Company Limited (ENOC), has made a bid for oil rights in Afghanistan
Oil exports to restart from Yemen province
Oil exports from Yemen’s Maarib province have been scheduled to restart next week after violence forced shipments to stop for more than a year, the country’s oil minister has said
Saudi Aramco launches subsidiary for tech ventures
Saudi Arabian Oil Company (Saudi Aramco) has launched its wholly-owned corporate venturing subsidiary Saudi Aramco Energy Ventures LLC (SAEV)
KSA counters Iran Hormuz threat by reopening Iraq pipeline
Saudi Arabia has reopened an old oil pipeline in order to bypass Gulf shipping lanes after Iran threatened to block the Strait of Hormuz in retaliation to US and European sanctions