Saudi Arabia Oil Co., better known as Aramco, has struck a $12.4 billion transaction to sell a minority stake in its oil pipeline operations to a consortium led by U.S.-based EIG Global Energy Partners. The global investment group agreed to take 49% equity interest in newly created Aramco Oil Pipelines Co. Aramco today operates more…
Articles from Saudi Arabia
Saudi Arabia’s state-owned oil company is looking to expand its natural gas business by skipping over the traditional export route and going for a growing market in blue hydrogen, executives said Monday. Saudi Arabia Oil Co., better known as Aramco, is the largest oil exporter in the world. It also has a plethora of natural…
Saudi Arabia, which leads the Organization of the Petroleum Exporting Countries (OPEC), may quickly ramp up production this spring, following the recent momentum in oil prices and its own expectations for increased demand in the second half of 2021. It would mark a stark shift from its current stance. OPEC and its allies, aka OPEC-plus,…
The recent attack on key oil infrastructure in Saudi Arabia demonstrated the muscle of North American oil and natural gas production, but it again tested the notion of energy independence and enduring exposure to global energy markets.
How attacks on key oil facilities over the weekend in Saudia Arabia impact the U.S. energy sector will be proven in the coming weeks and depend heavily on how long the supply outage lasts, experts said on Monday.
Saudi Arabia, which is taking stakes in several Lower 48 export projets, is said to be eyeing plans to become a major player in Russia’s liquefied natural gas (LNG) sector.
Saudi-owned, Houston-based Motiva Enterprises over the weekend inked two agreements that represent billions in potential investments to take advantage of growing U.S. natural gas and oil feedstocks.
Secretary of Energy Rick Perry in the last few days was making a pitch to export natural gas to the Middle East, opening up U.S. markets, while Russia is prowling for more customers in Asia and elsewhere with the startup of a massive project in the coldest part of the world.
Following a two-year oil price war that sharply disrupted global output and bankrupted dozens of North American operators, Saudi Arabia’s energy minister warned Tuesday that the decision by the Organization of the Petroleum Exporting Countries to temporarily reduce output doesn’t mean a free ride for anybody.