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Qatar invests $550 million in Permian midstream operator

Qatar invests $550 million in Permian midstream operator

Oryx Midstream Services, the largest privately-held midstream crude operator in the Permian basin. Qatar and Somalia denied a news report that suggested Doha. A Qatari national was released from prison in Saudi Arabia. Qatar has inaugurated a new naval base in the country’s northeast. Two military training aircraft have collided in mid-air without causing any...

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Iran seizes UK tanker as tensions soar

Iran seizes UK tanker as tensions soar

Iran’s Revolutionary Guard Corps seized a British oil tanker in the Strait of Hormuz amid soaring tensions. The rial was 118,000 against the dollar on last saturday. A recording has emerged of Iranian coastguards telling a British Royal Navy. Ali Larijani, has announced that the detaining of the British oil tanker Stena Impero on July...

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Sparrows Group secures approved supplier status from Saudi Aramco

Sparrows Group secures approved supplier status from Saudi Aramco

Sparrows Group, has bolstered its position in Saudi Arabia after securing vendor approval status. Sparrows Group has been awarded their first contract for the provision of rigging loft maintenance services. Sparrows Group has appointed Deladi Petroleum Services Sdn Bhd. Sparrows Group has selected Thai service and supply company J. S. Technical Services Co., Ltd. Sparrows...

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Russia, Saudi Arabia agree to maintain oil cuts for as long as nine months

Russia, Saudi Arabia agree to maintain oil cuts for as long as nine months

Russian President Vladimir Putin struck a deal with Saudi Crown Prince Mohammed Bin Salman. Ten days ago, the political lethargy Russia had descended. Yandex is Russia’s biggest internet search engine. Mueller probed alleged Russian meddling in 2016 US elections. A Ilyushin 62 jet reportedly arrived in Caracas months. 2020 parliamentary elections will be based fully...

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Shale fight makes OPEC accept lowest market share since 1991

Shale fight makes OPEC accept lowest market share since 1991

OPEC has always pumped at least 30% of the world’s crude oil. OPEC and its allies look set to extend oil supply cuts on last week. OPEC members are set to meet on July 1 in Vienna. The oil ministry plans to amend the Petroleum & Natural Gas Rules 1959. Oil continued its revival from...

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OPEC+ grapples with Iran crisis as ministers meet in Jeddah

OPEC+ grapples with Iran crisis as ministers meet in Jeddah

OPEC and allies gather in the Saudi Arabian city of Jeddah last weekend. Opec and its allies extended oil production cuts for nine more months. OPEC said on last week to oil inventories had continued to rise despite a global deal. The more expensive oil and gas are, the greater the financial pressure to shift...

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Saudi Arabia has restarted oil pipelines after Iran-backed rebel attack

Saudi Arabia has restarted oil pipelines after Iran-backed rebel attack

Saudi Arabia restarted its main cross-country oil pipeline after a drone attack by Iran-backed rebel. Saudi Arabia’s government approved the scheme on Tuesday. Saudi Arabia and the UAE will provide $70 million in financial support to Yemeni teachers. Prince Ahmad has many charitable and humanitarian interests in Saudi Arabia and other countries. Saudia Airlines has...

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Saudi Taqa has purchased Schlumberger’s Middle Eastern drilling business for $1.2 billion

Saudi Taqa has purchased Schlumberger’s Middle Eastern drilling business for $1.2 billion

A Saudi Arabian oilfield services company backed by the country’s sovereign wealth. Schlumberger announced the early participation results of a private offer. The offer is referred to herein as the “Exchange Offer”. Schlumberger company has been awarded an engineering, procurement and construction (EPC). Schlumberger Limited will hold a conference call soon. Schlumberger introduced Concert well...

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Halliburton awarded Shell Offshore exploration contract in Brazil’s Campos, Santos basins

Halliburton awarded Shell Offshore exploration contract in Brazil’s Campos, Santos basins

Halliburton is one of the world’s largest providers of products and services to the energy industry. Halliburton Company has announced the execution of an integrated services contract with Royal Dutch Shell. Company is pleased to announce the City of Houston declared on last week. has signed a Memorandum of Understanding (MOU) with the Egyptian Ministry...