The US gross imports from Saudi Arabia averaged about 1.06mn barrels per day in 2015, accounting for about 11% of total US imports.
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Aramco 2nd best oil and gas employer in the region
When it comes to best employer ranking, the Inaugural Ideal Employer Survey finds that Aramco came in second, ADNOC in sixth, and KOC in 14th place
Aramco to publish audited oil reserve figures
Saudi Aramco is preparing to make its oil reserve figures public ahead of its initial public offering.
UAE’s IPIC’s H1 profits hurt by lower oil prices
IPIC attributed losses to a fall in the share price of UniCredit, in which it holds a 5.04% stake
Spcl Rpt: Oilfield extraction beyond the last drop
As the regional industry improves its sustainability, the application of solar power is boosting the sector’s EOR portfolio beyond traditional gas- or chemical-based methods
‘No long-term future for oil’, says report
Recent report by Wermuth Asset Management (WAM), an impact investment firm, claims the days of oil as a primary energy source are numbered
TAQA posts wider Q3 loss on oil price slump
TAQA made a net loss attributable to equity holders of AED524mn ($142.66mn) in the three months ended September 30
DNO to re-drill offshore Oman oil well
During Q3, the Bukha and West Bukha fields collectively produced an average of 5,300 boe/d, split almost 50:50 between oil and gas.
Mott MacDonald to design new oil terminal in Iraq
Scheduled to be completed by the second quarter of 2018, the facility will handle petroleum products such as gasoline, diesel, aviation turbine fuel, kerosene, fuel oil and liquefied petroleum gas.
Low oil price opens opportunities: Al Mazrouei
UAE’s Energy Minister says that companies that can respond quickly will profit when demand increases, “The oil industry is inherently cyclical. This is a basic point that often gets overlooked in the short-term noise”