Iraq, Saudi Arabia sign 18 O&G MoUs

December 7, 2017 0

OPEC members and “brother countries” Iraq and Saudi Arabia have signed 18 memoranda of understanding (MoUs) covering crude oil, natural gas, refining and other projects, the Iraqi oil ministry said in a statement on Wednesday.

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Saudi pipemaker wins $40 million Turkmenistan contract

November 13, 2017 0

Global Pipe Company (GPC) has agreed to supply SAR 150 million ($40m) of pipe to Turkmenistan’s national gas company, Turkmengaz. Production will commence in the first quarter of 2018, sister publication KallanishSteel learns from GPC shareholder Saudi Steel Pipe Co.

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Saudi Aramco awards contracts worth $4.5 billion

November 10, 2017 0

Saudi Aramco said Thursday it will invest close to $4.5 billion in contracts for oil and gas megaprojects aimed at enhancing the company’s energy sustainability, expanding gas production, localizing domestic content and diversifying the Saudi economy, Kallanish Energy reports.

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U.S. crude closes at highest level since 2015

November 6, 2017 0

Oil prices rose Friday, close to their highest levels in more than two years, supported by rising global demand and physical prices, and continuing expectations OPEC and other producing countries will extend a deal to cut output.

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