Saudi Aramco’s production is back online, but the long-term impact of the Abqaiq and Khurais attacks has yet to be fully understood. Our editor Carla Sertin and Herman Wang, senior oil writer at S&P Global Platts, discuss the way forward for Aramco, its exports, and the long-awaited IPO.
Khurais
Posted inDRILLING & PRODUCTION
Saudi Aramco’s conundrum: All eyes on the IPO
A leadership shakeup and drone attacks focus minds on the long-delayed, era-defining listing of the world’s biggest oil producer, says Dania El Saadi, assistant Middle East editor at S&P Global Platts
Posted inDRILLING & PRODUCTION
Lack of international response to KSA attacks “may embolden the attackers”: Aramco CEO
Saudi Aramco CEO Amin Nasser commented on the aftermath of the attacks which temporarily took half of the company’s production offline
Posted inDRILLING & PRODUCTION
Saudi Arabia’s oil output restored, focused on IPO: Prince Abdulaziz
Saudi Energy Minister Prince Abulaziz bin Salman said that the country has turned to its “new challenge”, the long-awaited Saudi Aramco IPO
Posted inDRILLING & PRODUCTION
OPEC production lowest since 2011, Reuters survey finds
Attacks on Saudi Arabia added to output cuts due to the OPEC+ deal, as well as US sanctions on Iran and Venezuela
Posted inDRILLING & PRODUCTION
Saudi Aramco restores full oil production to pre-attack levels: Trading arm CEO
Oil production hit 9.7mn barrels per day, close to the 9.78mn barrels per day Saudi Aramco produced in August
Posted inDRILLING & PRODUCTION
Iran attack on Saudi Arabia “act of war”, but Saudi crown prince prefers peaceful solution
Crown Prince Mohammad Bin Salman said “only a fool would attack 5% of global supplies,” and urged Iran and the US to come to the table and draft a new deal
Posted inDRILLING & PRODUCTION
Saudi Arabia ‘consulting allies’ about next steps after attack: Minister of foreign affairs
In a press conference on the sidelines of the UN General Assembly, KSA foreign affairs minister said he holds Iran responsible for the attacks
Posted inDRILLING & PRODUCTION
Defining force majeure in Saudi Arabia following Abqaiq attacks
DWF partners Kayaan Unwalla and Slava Kiryushin say the recent shut down of production at Abqaiq and Khurais facilities due to weaponised Unmanned Aerial Vehicle (“UAV”) drone attacks, again raises issues of applicability of force majeure to all stakeholders affected by the diminished production.
Posted inDRILLING & PRODUCTION
Saudi Aramco hosts site visit to attack sites at Khurais and Abqaiq facilities
It aimed to demonstrate its quick response and resilience to such attacks