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Saudi Arabia Oil & Gas News. Service for global professionals. Constantly updated news and information about Saudi Arabia.
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Latest Saudi Arabia Oil & Gas News

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  • Saudi Arabia to spend USD 400 billion in oil and gas projects 26 Dec 2009 13:14 GMT
    ... Dubai: Saudi Arabia, the world's biggest oil producer and exporter, is poised to spend ... largest producer of the Organization of the Petroleum Exporting Countries (OPEC). Its production policies therefore ...

  • Saudi Arabia opens fresh investment prospects with up to $400bn expenditure in oil and gas projects 27 Dec 2009 07:10 GMT
    ... The Saudi Government's enormous oil and gas project investments are also in line with the country's Master Gas Strategy Plan, which ...

  • Saudi Arabia opens fresh investment prospects with up to USD 400 billion expenditure in oil and gas projects 27 Dec 2009 08:44 GMT
    ... continues to be a potent investment and business destination for a wide range of oil and gas projects, particularly with Saudi Arabia poised to spend up to USD 400 billion for its own high-profile oil ...

  • MARKET WATCH: Oil prices climb, gas price falls with inventory reports 31 Dec 2009 20:25 GMT
    ... -- Oil prices continued to climb Dec. 30, with ... 2009). Analysts said stocks of crude and petroleum products are at their lowest since March. ... than a year ago with imports from Saudi Arabia now half the level of imports ...

  • Oil prices rose to near $80 a barrel on the final day of the year 31 Dec 2009 16:31 GMT
    ... Oil prices rose to near $80 a barrel ... in 2010. Experts said the Organization of Petroleum Exporting Countries, OPEC, would be "well advised" ... Vienna's JBC Energy. OPEC's 12 members, including Saudi Arabia, Venezuela and Nigeria, supply about 55 ...

  • Steady, stable oil prices make everyone happy 25 Dec 2009 20:31 GMT
    ... wallet firmly in your pocket? Steady, stable oil prices make everyone happy Last Updated: December ... of economics and market behaviour at the Petroleum Institute in Abu Dhabi. Volatility in oil ... everyone is happy,” Ali al Naimi, the Saudi oil minister, told reporters in Angola. “The ...

  • Oil prices near $80 after U.S. stockpiles fall 31 Dec 2009 15:10 GMT
    ... Experts said the Organization of Petroleum Exporting Countries, OPEC, would be "well advised" ... agreed-to output levels to capitalize on higher oil prices — stick more closely to their ... Vienna's JBC Energy. OPEC's 12 members, including Saudi Arabia, Venezuela and Nigeria, supply about 55 ...

  • Saudi oil GDP down 6.4 percent 29 Dec 2009 16:50 GMT
    ... RIYADH, Saudi Arabia, Dec. 29 (UPI) -- The gross ... -- The gross domestic product tied to oil production in Saudi Arabia dropped more than ... $40 per barrel. The Organization of the Petroleum Exporting Countries enacted a tight production quota ...

  • Oil prices rise as cold snap grips US 28 Dec 2009 22:30 GMT
    ... NEW YORK: Oil prices rose on Monday on expectations that cold ... by Iran, the second-biggest OPEC producer after Saudi Arabia, and the aftermath of a failed ... with Ukraine. In January 2009, Russia halted gas supplies transiting through Ukraine over a price ...

  • Angolan firm initials two deals for Iraq oil fields 30 Dec 2009 10:41 GMT
    ... Angolan firm initials two deals for Iraq oil fields A worker is pictured at an Iraqi oil field in early December. Angolan energy firm Sonangol ... world's third largest oil reserves, behind only Saudi Arabia and Iran, with an estimated 115 ...

  • Malaysian Tapis leads for six weeks: REVIEW of 13 world oil prices 29 Dec 2009 09:00 GMT
    ... for six weeks: REVIEW of 13 world oil prices The average spot price in 13 varieties ... average spot price was observed for the OPEC oil basket -$71.5. OPEC's average sport price ... Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela). ...

  • Iraq Inks Preliminary Deal to Develop Supergiant Oil Field 29 Dec 2009 16:51 GMT
    ... Iraqi Oil Ministry signed on Tuesday a preliminary contract with ... to develop the West Qurna Phase 2 oil field in southern Iraq. Lukoil, partnered with Norway's ... third largest proven oil reserves, only after Saudi Arabia and Iran. ...

  • Middle East Politics And Al Qaeda: The Primary Determining Factors For Crude Oil Prices 29 Dec 2009 19:12 GMT
    ... Crude oil fell 14 cents for January delivery to $78.63 a ... Al Qaeda group’s intention to attack the Saudi pipeline, which if executed, will push oil prices higher. In the medium term, Middle East ...

  • Lukoil-led group initials deal for Iraq oil field 29 Dec 2009 13:13 GMT
    ... Along with Norway's StatoilHydro, Lukoil is aiming to raise production at the field in ... 12, the second day of a two-day oil field auction which dramatically increased the country's projected ... world's third largest oil reserves, behind only Saudi Arabia and Iran, with an estimated 115 ...

  • Firms signing pre-contracts for seven Iraqi oil fields 28 Dec 2009 15:31 GMT
    ... Iraq has been signing preliminary contracts, with oil companies that bid successfully earlier this month for ... Turkish firm TPAO (10 percent), South Korea’s Kogas (30 percent) and Petronas (20 percent) were ... the world’s third-largest crude oil reserves after Saudi Arabia and Iran, with some 115 billion ...


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