Slowdown in drilling activity reported in Saudi Arabia involving SLB.

The entities involved

• SLB →

  oilfield services company

  • Key contractors SLB and Saipem are deployed in the Caspian Sea for a complex intervention project involving BORIS.Mon 15:52
  • Attacks on Iran are disrupting global oil trade, while El Niño conditions rise drought risks and impending Fed rate hikes affect currency markets.Sun 00:35
• Saudi Arabia →

  country in West Asia

  • Escalating conflict involves Iran and Saudi Arabia, with fighting intensifying between Saudi-backed forces and Houthis. Karami warns of a firm response to miscalculation.Mon 17:52
  • Ishaq Dar attended an R-4 meeting in Cairo today, contributing to ongoing diplomatic efforts.Mon 17:12

Related events

• SLB was awarded contracts for oil and gas development in Saudi Arabia.Thu 14:21
• Attacks forced the shutdown of the oil export line of the East-West Pipeline.Sep 12
• Middle East developments caused sharp market fluctuations, with recent attacks highlighting risks to oil infrastructure.Sep 11
• Attacks target oil flows originating from Saudi ports, involving Houthis.Jul 25
• Saudi Arabia ramped up pipeline volumes to bypass Strait; MOU to reopen Strait drives lower price forecasts; China reduced oil imports.Jul 1