Saudi Aramco is finalising plans to develop Saudi Arabia’s biggest gas plant

Wednesday, November 11th, 2009

Saudi Aramco is finalising plans to develop Saudi Arabia's biggest gas plant, which would process all offshore non-associated dry gas to meet escalating demand. Saudi Aramco chief executive Khalid al-Falih told ...


Who is most responsible for world oil production, governments or private investors

Tuesday, November 3rd, 2009

Although investor-owned oil companies are often thought of as those most responsible for world oil production, government-controlled companies actually control the majority of both current production (more than 52% in ...


Royal Dutch Shell has signed a contract with Saipem SpA

Tuesday, October 13th, 2009

US crude for November delivery fell $0.28 to $72.99 London Brent crude lost $0.19 to $71.17. -------------------- Saudi Aramco plans to award an integrated drilling contract in South Ghawar in a bid ...


US crude for November delivery is $71.63 a barrel on the New York Mercantile Exchange ,London Brent crude $70.22 a barrel.

Wednesday, September 23rd, 2009

Nigeria's crude oil production averaged 2.09 million barrels per day in the second quarter, up from 2.01 million bpd during the same period last year, the National Bureau of Statistics ...


Oil News from around the web, Crude oil for October delivery was at $71.16 a barrel; Taqa announce two new oil finds ;CNPC is in talks to buy 75% of Spanish oil giant Repsol

Wednesday, September 9th, 2009

Crude oil for October delivery was at $71.16 a barrel, up $0.06 in electronic trading on the New York Mercantile Exchange at 2.55pm in Singapore. Yesterday, the contract rose $3.08, ...


Crude oil for September 2009 delivery dropped as much as $0.48, or 0.7%, to $67.90 a barrel in after-hours electronic trading on the New York Mercantile Exchange. ;London Brent udropped as much as $0.42, or 0.6%, to $70.39 a barrel on London’s ICE Futures Europe exchange ; Liberia’s parliament ratified offshore exploration deals with Anadarko Petroleum Corp.,

Tuesday, July 28th, 2009

Eni SpA, Italy’s largest oil refiner, ended export restrictions on shipments of Nigeria’s Brass crude, the second indication in as many days that the security situation in Nigeria is easing. ...


Oil News from around the web, Crude oil for August 2009 delivery up 1.2%, to $60.86 a barrel ;London Brent up 1%, to $61.31 on London’s ICE Futures Europe Exchange ; Saudi Aramco and Total have awarded engineering, procurement and contracting

Friday, July 17th, 2009

China National Petroleum Corporation (CNPC) has announced production figures of 51.04 million tonnes, or 2.06 million bpd of crude in the first half of this year. The company processed 58.76 million ...


Oil News from around the web, Crude oil for August 2009 delivery is $60.86 a barrel on the New York Mercantile Exchange

Thursday, July 9th, 2009

 Saudi Aramco and Total have awarded engineering, procurement and contracting (EPC) contracts worth $9.6bn, Arab News reported. The contracts have been awarded to 13 companies for the construction of the 400,000bpd ...


Saudi Aramco and Total award EPC contracts for Jubail Export Refinery

Thursday, June 18th, 2009

 Saudi Aramco Total Refining and Petrochemical Company (SATORP) finalized the awarding plan for  Engineering, Procurement and Construction (EPC) contracts that constitute  the thirteen different process packages of their Jubail joint ...


Oil News from around the web, London Brent crude rose $0.45 to $56.60 ; Kenya and China vowed to strengthen bilateral cooperation

Thursday, May 7th, 2009

)))))))))The U.S. dollar, which rebounded from a one-month low against the euro, also dragged down the crude prices. Light, sweet crude for June delivery was down 63 cents to 53.84dollars a ...


Oil News from around the web, Oil steadied at less than $54/bl ; Subsea 7 Inc at Offshore Technology Conference (OTC) in Houston

Wednesday, May 6th, 2009

)))))))))Oil steadied at less than $54 on Wednesday after renewed worries about the financial sector neutralised bullish weekly oil inventories data showing unexpected falls in crude and gasoline stocks. US light ...


Petrofac awarded Karan contract by Saudi Aramco

Wednesday, March 4th, 2009

Petrofac, the international oil & gas facilities service provider, has been awarded an engineering procurement and construction (EPC) contract for Saudi Aramco’s Karan utilities and cogeneration package. The project forms part ...


First Flow of Saudi Crude to PetroChina’s Dalian Refinery

Monday, September 1st, 2008

BEIJING, August 27, 2008 --  The first cargo of Saudi Arabian crude oil bound for PetroChina’s Dalian Petrochemical Company arrived at the Dalian Xingang terminal on August 26.     Mohammed Al-Madi of ...


MOU Signed with Sinopec

Monday, July 7th, 2008

DHAHRAN, July 02, 2008 --  Saudi Aramco and China Petrochemical Corporation (Sinopec Group) met in Dhahran on June 23 to sign a Memorandum of Understanding (MOU) in a mutual effort ...


Saudi Aramco and Total create the Jubail Refining and Petrochemical Company

Monday, June 23rd, 2008

The Saudi Arabian Oil Company (Saudi Aramco) and Total today signed the Shareholders Agreement and other  core agreements for the establishment of their joint venture, the Jubail Refining and Petrochemical ...


Saudi Aramco and ConocoPhillips Confirm Yanbu Export Refinery Project

Saturday, May 17th, 2008

DHAHRAN, SAUDI ARABIA, May 16, 2008 --- The Saudi Arabian Oil Company (Saudi Aramco) and ConocoPhillips [NYSE: COP] today announced they have approved continued funding for the development of the ...


Saudi Aramco and Total confirm Jubail Refinery Project

Thursday, May 15th, 2008

DHAHRAN, Saudi Arabia & PARIS--(BUSINESS WIRE)--Regulatory News: The Saudi Arabian Oil Company (Saudi Aramco) and Total (Paris:FP) (LSE:TTA) (NYSE:TOT) have both confirmed their decision to invest in a 400,000 barrel per ...


Saudi Aramco and Total confirm Jubail Refinery Project

Wednesday, May 14th, 2008

The Saudi Arabian Oil Company (Saudi Aramco) and Total have both confirmed their decision to invest in a 400,000 barrel per day world-class, full-conversion refinery in Jubail, Saudi Arabia. The refinery ...


Halliburton Awarded Contract to Develop Manifa Offshore Project

Monday, April 21st, 2008

HOUSTON & DUBAI, United Arab Emirates--(BUSINESS WIRE)--Halliburton (NYSE:HAL) has been selected to provide a variety of oilfield services in support of the offshore portion of Saudi Aramco’s Manifa mega-project. The ...


Aramco Services Co. (ASC) and Saudi Aramco Mobil Refinery Co. Ltd. (SAMREF)

Monday, March 24th, 2008

HOUSTON, March 19, 2008 --  Aramco Services Co. (ASC) and Saudi Aramco Mobil Refinery Co. Ltd. (SAMREF) entered into an agreement Feb. 25 for ASC to provide SAMREF with procurement ...