Operator
Saudi Aramco
13 articles mentioning Saudi Aramco
OPEC+: Saudi Will Push to Extend Cuts into May/June
Saudi Arabia is prepared to support extending oil cuts by OPEC and allies into May & June as a result of the new wave of lockdowns, according to a report by Reuters. Over the last week,...
Saudi Arabia to Cut 1 Million Barrels Per Day in February, March
In a surprise move, Saudi Arabia said today it will cut 1 million barrels of oil per day in February and March under a new Opec+ agreement. This means the country will produce 8.1 million barrels...
Saudi Aramco Third Quarter 2020 Results
Saudi Aramco announced its financial results for the third quarter of 2020. Highlights: Net income: $11.8 billion Cash flow from operating activities: $18.8 billion Free cash flow*: $12.4 billion Q2 dividend of $18.75 billion paid in...
Saudi Oil Exports to the U.S. Falls to 35 Year Low
Clipper data is reporting that Saudi oil exports to the US has fallen to a 35 year low. See the chart below. Read the story here.
Saudi Aramco Gets Green Light for New International Shale Project
Saudi Aramco CEO Amin Nasser announced a new international shale venture for the company, according to a report by Reuters. The Jafurah shale gas field project will be geared at boosting gas supply, which will be...
UPDATED: Saudi Oil Output to Return to Normal by End of the Month Post-Attack
Oil prices spiked on Monday after an attack on a Saudi Arabian oilfield disrupted ~5.7 million barrels per day of production, according to multiple reports. As of September 17, 2019, the Saudi Oil Minister Prince Abdulaziz...
Saudi Aramco, Sempra Ink 20-Year U.S. LNG Deal
Sempra Energy and Saudi Aramco have signed a 20-year LNG sale and purchase deal. The HOA anticipates the negotiation and finalization of a definitive 20-year LNG sale-and-purchase agreement (SPA) for five million tonnes per annum of...
Drone Strike in Saudi Arabia Takes 5.7 Million Barrels per Day offline
The WSJ is reporting that their has been a drone strike on the heart of its oil production facilities in Abqaiq and Khurais claimed by Yemen’s Houthi rebels. Half the country’s oil production was halted due...
NOV Signs Agreement with Saudi Aramco
National Oilwell Varco, announced entering into a memorandum of understanding with Saudi Aramco to form a joint venture in Saudi Arabia. Through its state-of the art manufacturing and fabrication facilities and NOV’s market-leading drilling technologies, the...
Oil Prices Climb Above $50 Following OPEC Reduction Announcement
OPEC met 11/30 to reduce production outputs. Saudi Arabia will reduce up to 500,000 BOPD.
Saudi Aramco Inks $10.0 Billion Loan Deal
The loan is divided into two tranches, one worth $7.0 billion and the other worth $3.0 billion.
Saudia Aramco Cancels Hercules Drillship Contract
Received a notice from Saudi Aramco terminating its drilling contract for the Hercules 261.
Saudi Aramco Eyes New Shale Gas Initiatives
In order to keep up with energy demand, Saudi Arabia is looking to tap into its own unconventional gas reserves in the coming months, according to the country’s oil minister, Ali Al Naimi.