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Thursday, September 21, 2017

Oil will play a key role in meeting future global energy demand

Saudi Aramco President and Chief Executive Officer Amin H. Nasser said today as the global oil market rebalances, the industry needs to avoid letting...

Saudi Arabia Losing Market Share to Iran, Iraq on Oil Cuts

Saudi Arabia, the world’s biggest crude exporter, is losing market share to Iraq and Iran as a result of OPEC’s agreement to curb supplies...

ACWA Power Will Bid to Build Saudi Arabian Solar Energy Project

ACWA Power International will bid to build a solar energy project in Saudi Arabia, part of the kingdom’s $50 billion push to temper domestic...

Bahri promotes its logistics and data services at Breakbulk Europe 2017

Antwerp, Belgium – April 26, 2017: Bahri, a global leader in transportation and logistics, showcased its comprehensive range of logistics and data services at...

Saudi Arabia to Offer 1 Gigawatt of Renewable Contracts in 2017

Saudi Arabia will offer as much as 1 gigawatt of contracts to buy renewable electricity by the fourth quarter of this year, a government...

Saudi Aramco Launching new application for improved reservoir management

Developing and managing reservoirs is a complex and challenging process. A new tool, named Reservoir Engineering Integrated Environment (REOnline), helps engineers to better plan,...

Saudi Arabia minister says Oil producers ‘might have to’ extend output cuts

Saudi Arabia’s energy minister said on Thursday that oil-producing countries might have to extend output cuts agreed for the first six months of the...

Saudi Arabia seeks 10% renewable energy in six years

Saudi Arabia wants 10 percent of its electricity to come from renewable sources within several years as part of a transformation in its power...

Bahri set to register 32 VLCCs and 5 mid-size carriers under Saudi flag by...

In collaboration with Public Transport Authority and in line with its commitment to enhancing the Kingdom’s position globally Dubai, United Arab Emirates – 18 April...

Saudi Arabia Said to Cut Oil Output to Lowest Since January

By Wael Mahdi Saudi Arabia pared its oil production last month to the lowest since January, staying below the output level it pledged to maintain...

Latest article

Buckeye Partners, L.P. Announces $210 Million in Limited Partnership Unit Sales

HOUSTON, Sept. 19, 2017 (GLOBE NEWSWIRE) — Buckeye Partners, L.P. (“Buckeye”) (NYSE:BPL) today announced an agreement to sell limited partnership units representing limited partner...

Improved risk profile for ocean hull insurance sector

Speaking yesterday at IUMI’s annual conference in Tokyo, Chairman of the association’s Ocean Hull Committee, Mark Edmondson reported a 10% reduction in global premiums...

Halcón Resources Announces the Sale of its Non-Operated Williston Basin Assets for ~$110 Million

HOUSTON, Sept. 20, 2017 (GLOBE NEWSWIRE) — Halcón Resources Corporation (NYSE:HK) (“Halcón” or the “Company”) today announced it has entered into an agreement to...
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