Saudi Aramco’s production has been halved following attacks on two major facilities, and analysts say this could impact its valuation
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Saudi Aramco to drop 5.7mn bpd of production after drone attack on Khurais and Abqaiq plants
Yemen’s Houthi rebels claimed responsibility for the attack, with a spokesman saying that more is yet to come.
US shale to grow to 14.5mn bpd by 2030: Rystad Energy
Strong US supply will be driven, in part, by a large inventory of wells still to be developed across several prolific shale plays
Upstream oil and gas M&A and capital raising deals totaled $130.5bn in Q2 2019
The figure increasing dramatically from the $27.8bn total for global mergers and acquisitions in Q1 2019
Expanded East-West Pipeline will provide limited protection for Saudi Arabia, says GlobalData
While expanding the pipeline’s capacity to 6.5mn barrels per day is an infrastructural improvement, it will not completely eliminate risks associated with the potential closure or limited accessibility of the Strait of Hormuz
James Fisher Offshore increases Middle East decommissioning activities with major offshore jacket removal project in Saudi Arabia
JFO mobilises advanced ultra-high-pressure abrasive cutting solution for major Saudi Kingdom decommissioning project
Growth in oilfield services industry to take a hit: Rystad Energy
Audun Martinsen, head of oilfield services research at Rystad Energy, forecasts a 4% decline in global oilfield service revenue if oil prices stay flat next year.