Tag Archive

Shell completes SADAF chemicals sale to SABIC for $820mn

Shell completes SADAF chemicals sale to SABIC for $820mn

August 16, 2017 No Comments

Shell has completed the sale of its 50% share in SADAF, the petrochemicals joint venture, located in Al Jubail, in the Kingdom of Saudi Arabia to SABIC for $820 million. This sale was announced on 22 January 2017. Completion follows anti-trust filings in the relevant countries and regulatory approval from the Kingdom of Saudi Arabia. […]

This Oil Price Rally Has Reached Its Limit

This Oil Price Rally Has Reached Its Limit

August 2, 2017 No Comments

Last week, crude oil rallied the most so far this year, gaining more than 8 percent, or $4 per barrel. Oil traders are much more optimistic than they were just a month ago, and the market is on the upswing. However, the rally could run out of steam in the not-so-distant future, a familiar result […]

WorleyParsons awarded Contract in Saudi Arabia

WorleyParsons awarded Contract in Saudi Arabia

July 19, 2017 No Comments

WorleyParsons has been awarded the project management and front end engineering and design (FEED) services for the offshore oil and gas facilities portion and the onshore upstream and downstream pipelines portion of Saudi Aramco’s Marjan Oil Field Development Program. Under the agreement, WorleyParsons will provide project management and FEED services. The services will be executed […]

OPEC Secretary General congratulates new Crown Prince of the Kingdom of Saudi Arabia

OPEC Secretary General congratulates new Crown Prince of the Kingdom of Saudi Arabia

June 28, 2017 No Comments

OPEC Secretary General, HE Mohammad Sanusi Barkindo, has congratulated HRH Prince Mohammed bin Salman Al Saud on his appointment as the new Crown Prince of the Kingdom of Saudi Arabia following the announcement of the decision in a Royal Decree by King Salman Bin Abdul Aziz Al-Saud, the Custodian of the Two Holy Mosques. The […]

ENERGY HEADLINES THIS WEEK:

ENERGY HEADLINES THIS WEEK:

June 28, 2017 No Comments

The price of OPEC basket of fourteen crudes stood at $44.23 a barrel on Tuesday, 27 June 2017, compared with $43.14 the previous day, according to OPEC Secretariat calculations. Futures & Indexes WTI Crude 44.08 Brent Crude 46.85 Mars US 43.79 +0.95 Opec Basket 43.14 —————- Key Petroleum has completed the acquisition of Authorities to […]

Mohammed bin Salman named as first in line to the Saudi Arabia throne

Mohammed bin Salman named as first in line to the Saudi Arabia throne

June 21, 2017 No Comments

Saudi Arabia’s King Salman has appointed his son, Mohammed bin Salman, as next-in-line to the throne. A royal decree removed 57-year-old nephew of the king – Crown Prince Mohammed bin Nayef and replaced him with 31-year-old former deputy crown prince, Salman According to the official Saudi Press Agency, Salman was also named deputy prime minister […]

Saudi Arabia’s plans for renewable energy

June 14, 2017 No Comments

A second wind power project would be open for bids in the fourth quarter of this year followed by more solar projects. The Saudi government is making good on its pledge to introduce solar and wind power into the kingdom’s energy mix so that renewable energy becomes a growing part of the feedstock for the […]

Tags: , , , , Renewables
Six nations cut diplomatic ties with Qatar over claims it’s backing ISIS and al-Qaeda

Six nations cut diplomatic ties with Qatar over claims it’s backing ISIS and al-Qaeda

June 5, 2017 No Comments

The Command of the Arab Coalition in Support of the Legitimacy in Yemen has ended Qatar’s participation in the coalition. The coalition announced that it has decided to end the participation of the State of Qatar in the coalition due to its practices that enhance terrorism and support terrorist organizations in Yemen including Al-Qaeda and […]

Amec Foster Wheeler wins contract from Saudi Aramco

Amec Foster Wheeler wins contract from Saudi Aramco

June 1, 2017 No Comments

Amec Foster Wheeler announces today that it has been awarded a contract by Saudi Aramco, for facilities required as part of the integrated oil and gas expansion of the Marjan offshore and onshore oilfield in the Eastern province of Saudi Arabia. Under the five-year contract, Amec Foster Wheeler will deliver the pre-FEED, FEED, overall programme […]

Saudi Prince Meets With Putin To Discuss Oil, Syria

Saudi Prince Meets With Putin To Discuss Oil, Syria

May 31, 2017 No Comments

Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman is meeting Russian President Vladimir Putin today to discuss the extension of OPEC’s agreement with 11 other oil producers to extend the cuts approved last November, as well as the situation in Syria. Earlier in the day, Russia’s Energy Minister Alexander Novak met with his Saudi counterpart, […]

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