Saudi Arabia
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The world’s largest oil producer has awarded $18 billion in engineering, procurement, and construction contracts as part of its Marjan and Berri expansion projects.
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Ranking places US ahead of Saudi Arabia and Russia.
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An oil pipeline that runs across Saudi Arabia was hit by drones on 14 May west of its capital of Riyadh, the Saudi energy minister said, shortly after rebels in Yemen claimed they carried out coordinated drone strikes against the kingdom.
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The deal will bolster Arabian Drilling Company’s fleet to 67 rigs across the Middle East and North Africa.
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While some try to put the two enormous oil producers toe-to-toe, the best thing to do might be to understand why they are different.
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Take a quick look at some of the data points shaping upstream headlines and the movement of oil supplies around the world.
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McDermott will work exclusively with Zamil Offshore to provide Saudi Aramco with maintenance, modifications and operations services.
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Megaprojects have come to define many of the world’s new resource projects but they are also a testament to the awesome engineering capabilities of the oil and gas industry. Find out who took home this year’s honors.
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Halliburton broke ground in Saudi Arabia for the first oilfield chemical manufacturing reaction plant in the Kingdom.
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Saudi Arabia is trying to push oil prices back up but US producers remain wary and uncertain.