Saudi

Saudis Reportedly Interested in Buying U.S. Shale Assets, Stakes or Fuel from Tellurian

Saudis Reportedly Interested in Buying U.S. Shale Assets, Stakes or Fuel from Tellurian

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.

December 26, 2017
Saudis Signal OPEC to Impose Extended Oil Reduction to Restore Global Market

Saudis Signal OPEC to Impose Extended Oil Reduction to Restore Global Market

Saudi Arabia Crown Prince Mohammed bin Salman said the kingdom is ready to support extending an agreement to reduce oil production led by the Organization of Petroleum Exporting Countries (OPEC), which spiraled out of kilter in part because of huge output from North America’s onshore.

October 30, 2017

U.S. Still Rules in Global Natural Gas, Oil Production, Says EIA

The United States in 2016 remained the world’s top natural gas and petroleum hydrocarbon producer for the fifth year in a row, even with declines relative to2015 levels, the Energy Information Administration (EIA) said Wednesday.

June 7, 2017

Saudis Strike Landmark Deals with Who’s Who in U.S. Oil, Gas

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.

May 22, 2017

U.S. Energy Sector Secures Billions in Saudi Deals

U.S. oil and natural gas operators inked 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.

May 22, 2017
United States Again Largest Producer of Petroleum, NatGas Hydrocarbons in 2015, EIA Says

United States Again Largest Producer of Petroleum, NatGas Hydrocarbons in 2015, EIA Says

The world’s top producer of petroleum and natural gas hydrocarbons last year was, once again, the United States, according to the U.S. Energy Information Administration (EIA).

May 23, 2016
Long-Time Saudi Oil Chief Departs, But Energy Policy Said Unlikely to Change

Long-Time Saudi Oil Chief Departs, But Energy Policy Said Unlikely to Change

Saudi Arabia on Saturday ousted longtime energy minister Ali Al-Naimi and promoted Khalid Al-Falih, who chairs the country’s national oil company, a move not expected to upend the country’s policy to allow markets — and not shut-ins — to rebalance prices.

May 9, 2016
Long-Time Saudi Oil Chief Departs, But Energy Policy Said Unlikely to Change

Long-Time Saudi Oil Chief Departs, But Energy Policy Said Unlikely to Change

Saudi Arabia on Saturday ousted longtime energy minister Ali Al-Naimi and promoted Khalid Al-Falih, who chairs the country’s national oil company, a move not expected to upend the country’s policy to allow markets — and not shut-ins — to rebalance prices.

May 9, 2016

Louisiana NGL Cracker Poised for Expansion

Boosted by the “shale gas revolution,” Williams on Tuesday said it will spend up to $400 million to expand its Geismar olefins production facility near Baton Rouge, LA.

September 21, 2011

Marcellus Production Surge Driving a Wedge in Prices

Making good on its comparisons to Saudi Arabia in terms of natural energy resources, the Marcellus Shale has been making its heft felt on the Northeast region’s pipelines, wreaking havoc with traditional basis on lines such as Tennessee Gas Pipeline.

September 12, 2011