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A new report finds the state-owned oil giant has omitted emissions data in disclosures to investors, making its carbon footprint worse than previously thought.

The new agreements will allow the firms to conduct exploration in the eastern and western Mediterranean as well as the Red Sea.

Saudi Aramco posts 25 percent slump in profits

The New Arab & agencies

Saudi Aramco posts 25 percent slump in profits

The world's largest listed firm posted a net profit of 62.5 billion riyals ($16.66 billion) in the three months to March, compared to $22.2 billion a year earlier.

Saudi-Russia oil price deal a test of US leverage

Courtney Freer

Saudi-Russia oil price deal a test of US leverage

Comment: Much is at stake for Trump's domestic and international reputation in brokering the global energy pricing war, writes Courtney Freer.

Three rockets land near US oil company in Iraq

The New Arab & agencies

Three rockets land near US oil company in Iraq

The rockets targeted the site of Halliburton in the Burjesia area in the oil-rich Basra province early on Monday. No casualties were reported.

The New Arab

Saudi Aramco highest valued listed company in the world

Saudi Aramco becomes highest valued listed company in the world as businesses told it’s their ‘duty’ to invest

The New Arab & agencies

Saudi Aramco appoints first woman to head overseas office

Saudi Aramco, the world's top oil exporter, appointed Marwa al-Khuzaim to lead its Singapore office from December.

The New Arab & agencies

Saudi Aramco to launch IPO next week

Trading on Saudi Aramco's initial public offering (IPO) could begin in early December.

The New Arab & agencies

Saudi Aramco listed on Riyadh stock market

Aramco is the world’s most profitable company. It declared a net profit of $111.1 billion in 2018, which is higher than the profits of Apple, ...

US Navy: Mine in tanker attack bears Iran hallmarks

The New Arab & agencies

US Navy: Mine in tanker attack bears Iran hallmarks

The US Navy said the mines used to attack a Japanese-owned oil tanker near the Strait of Hormuz last week bore 'a striking resemblance' to ...

The New Arab & agencies

Exxon workers evacuated after Katyusha attack in southern Iraq

40 workers from Exxon have been evacuated after a rocket attack on an oil-drilling site in southern Iraq.

The Iraq Report: Iraq caught between Iran and US

The New Arab

The Iraq Report: Iraq caught between Iran and US

This week, Iraq is caught in the middle of skyrocketing tensions between adversaries Iran and the US, while inside the country deadly violence ...

Saudi Arabia's crisis: Climate change opportunity

Michelle Dixon and Sunjeev Bery

Saudi Arabia's crisis: Climate change opportunity

Comment: Now is the time to force western companies to give up the fossil-fuel profits that Saudi Arabia is investing in them, write Sunjeev ...

Qatar Petroleum signs first Argentina deal with <em>Exxon</em>

The New Arab

Qatar Petroleum signs first Argentina deal with Exxon

Qatar Petroleum signed its first agreement with Argentina on Sunday.

Saudi oil company Aramco 'makes more money than Apple'

The New Arab

Saudi oil company Aramco 'makes more money than Apple'

Saudi Aramco's profits surpass some of the business world's biggest names, with net income in the first six months of 2017 estimated at $33.8 ...

Marcus Montgomery

A tale of two secretaries: Exit Tillerson, enter Pompeo

Comment: Mike Pompeo will likely enable Trump's worst tendencies, writes Marcus Montgomery.

Nehad Ismail

Toppling Saudi Arabia as top world oil producer

Analysis: US oil production is fast approaching 11 million barrels per day, which will make it the undisputed top dog in global output, writes ...

Emile Nakhleh

Tillerson's vanishing act while the Middle East is burning

Comment: Secretary of State Tillerson appears totally disengaged from Middle East policy, where traditional American diplomacy has been replaced ...

The New Arab & agencies

US anti-boycott laws could come into play in Qatar-crisis

As the Gulf-crisis drags into a second month, a four-country boycott of Qatar is raising questions about whether American businesses that follow ...

Visiting Doha, Tillerson calls Qatari position 'reasonable'

The New Arab & agencies

Visiting Doha, Tillerson calls Qatari position 'reasonable'

US Secretary of State Rex Tillerson told reporters in the Qatari capital Doha on Tuesday it had "reasonable" views in the month-old diplomatic ...

The New Arab

Germany FM calls for an end to Qatar blockade

Germany's foreign minister has called for an end to a land, sea and air blockade imposed on Qatar by a Saudi-led clique of Arab countries.

Blame Canada: No blood for milk or lumber

Hadani Ditmars

Blame Canada: No blood for milk or lumber

Blog: Trade deals are tricky things, and the only thing worse than being an enemy of the US is being a former ally, writes Hadani Ditmars.

Lebanon moves to revive flailing offshore energy industry

The New Arab

Lebanon moves to revive flailing offshore energy industry

Eight international energy companies have pre-qualified to bid for exploration contracts. Lebanon's government previously pre-qualified 46 ...

Will Trump play Russian roulette in Libya?

Guma El-Gamaty

Will Trump play Russian roulette in Libya?

Comment: Despite Russia's desire for greater influence in Libya, the US, with former ExxonMobil chief Tillerson leading foreign policy, is ...

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