Saudi Arabia Oil Co., aka Aramco, achieved record natural gas production of 10.7 Bcf/d on one day in early August from conventional and unconventional fields, management said Wednesday. The recordbreaking figure was set on Aug. 6, executives said during a third quarter conference call. There also are hints of improving demand for oil and gas.…
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Sempra Energy and Saudi Arabia Oil Co., aka Aramco, have taken another step toward developing the Port Arthur LNG export project in Jefferson County, TX, east of Houston.
Saudi-owned Motiva Enterprises, which owns North America’s largest refinery, plans to add to its portfolio east of Houston with the purchase of Flint Hills Resources’ ethylene cracker.
Russia’s largest independent gas producer Novatek said Wednesday its final partner in the massive Arctic LNG 2 project will likely be an Asia-Pacific customer, with a deal possibly completed in days.
Saudi Aramco Gaining Hold in U.S. LNG with Deal to Buy Stake, Supplies from Sempra Port Arthur Project
State-owned Saudi Arabia Oil Co., aka Aramco, on Wednesday said it has signed a heads of agreement (HOA) to negotiate buying a 25% stake in Phase 1 of Sempra Energy’s natural gas export project in Port Arthur, near Houston.
Saudi Arabia’s national oil company is buying a 70% stake in Saudi Basic Industries Corp., aka Sabic, the kingdom’s petrochemicals firm, in a $69.1 billion deal that paves the way for an infusion of investments into global oil and gas deals beyond the Middle East.
Houston-based Halliburton Co. has inked a contract to help Saudi Arabia develop the country’s unconventional natural gas.
Saudi Arabian Oil Co., better known as Saudi Aramco, has clinched commercial oil and gas partnerships with 14 U.S. energy companies and other global operators that combined are worth $10 billion-plus, the state-owned operator said.
Saudi Arabia’s state-owned oil and natural gas company is reportedly interested in making its first production investments outside the kingdom, and has inquired about purchasing unconventional assets in the United States — specifically, in the Permian Basin and the Eagle Ford Shale.
U.S. oil and natural gas operators secured deals over the weekend with Saudi Arabia that are expected to create billions in revenue as President Trump completed the first leg of a nine-day marathon trip to the Middle East and Europe.