Interviewee: Rami Qasem, President and CEO for MENAT Region of GE Oil & Gas
Search results
Aramco increases oil prices to Asia
Aramco increased its pricing for Arab Light crude to Asia by 90 cents a barrel, to a premium of 45 cents over the regional benchmark
More spending cuts as UAE predicts oil shortages
Further investment cuts will mean a 3% reduction this year in oil and natural gas production, equivalent to 5mn barrels of oil, and another 4%, or 6mn barrels, in 2017
Awards 2016: Weatherford wins Oil Field Services
The Houston-based giant has won the coveted title of best oilfield services company at the Oil & Gas Middle East and Refining & Petrochemicals Middle East Awards 2016 in lieu of its recent contract wins and quality work on regional projects
GE, Baker Hughes to merge oil and gas businesses
The new entity, being valued at $14bn, will be based out of both Houston and London; GE to own 62.5%, Baker Hughes remaining 37.5%
Egypt has alternatives to Saudi oil
Aramco’s October oil deliveries to Egypt were suspended, but Saudi has not yet clarified the reason behind the delay. In addition, Aramco has not yet informed the Egyptian government whether the November deliveries would be dispatched.
Iraq offers oilfields under new contract terms
The new invitation to tender allows oil companies to ‘submit their own proposals for contractual, commercial and financial terms and conditions’, a clear shift from the service contracts used for the country’s giant southern fields.
Egypt mulls enquiry into Saudi oil non-delivery
Egyptian General Petroleum Corporation tasked with finding out the reasons behind the October non-delivery and gauge the scenario for the November shipment from Aramco
KSA & Russia to cooperate on oil projects, output
Russian Energy Minister Alexander Novak meets Saudi, Qatar counterparts in Riyadh; discuss implementation of the Algiers oil output freeze deal
17 workers hurt in Saudi Aramco oil facility blaze
Local newspaper Al-Riyadh reports 17 people hospitalised, with three needing intensive care treatment; Aramco says accident didn’t affect operations