Halliburton has secured lump-sum turnkey contracts from Aramco for well delivery across multiple Saudi fields, Halliburton announced on Thursday
Halliburton has secured multi-year lump sum turnkey (LSTK) contracts from Aramco to support an onshore oil re-entry program across multiple fields in Saudi Arabia, further expanding the company’s integrated well delivery portfolio in the Kingdom. The award follows Halliburton’s announcement earlier this week of a separate multi-year contract supporting Aramco’s unconventional gas development program, reinforcing the company’s growing role across […]
Halliburton has secured a multi-year contract from Aramco to provide integrated stimulation and completion services for unconventional gas development in Saudi Arabia’s Jafurah basin, supporting one of the world’s largest unconventional gas programs.
Seven OPEC+ members have agreed to increase collective oil production by 188,000 bpd in August, continuing the gradual rollback of voluntary production cuts while reaffirming their commitment to maintaining market stability.
Saipem has secured a contract for the Uthmaniyah Gas Compression Plant project in Saudi Arabia through its jointly controlled company SNSH, Saipem said on Wednesday.
Aramco has selected McDermott as one of 11 contractors under a long-term project management consultancy (PMC) agreement supporting future energy, downstream, petrochemical and low-carbon developments across Saudi Arabia.
Most oil producers in the Middle East will see their crude oil production surge by double-digit percentages next year, rebounding from this year’s shut-ins due to the Iran war and the closed Strait of Hormuz.
Saudi Arabia is expected to slash again the official selling prices of the crude it will load for Asia in July amid weakening demand and narrowing spot Middle East crude premiums, a Reuters survey of industry sources showed on Friday.
Saudi Arabia is importing more fuel oil than before, to use in power generation as its natural gas production reverses direction and declines, Reuters has reported, citing Rystad Energy.
Saudi Arabia has reduced the official selling price of its flagship crude loading for Asia in June from the May record high, but the price cut was less than expected.