BP, Total and ConocoPhillips are among the oil and gas companies that felt a boost in profits amid higher oil prices.
Experts at the Majlis said the energy blueprint should include a dedicated organisation to implement measures to reduce power consumption, as well as progress reporting and monitoring systems to ensure greater sustainability.
The company will also partner with Total and state oil company Sonatrach for offshore exploration
The energy giant hosted the Gulf Region Organisation for Women forum
The facility monitors and coordinates gas production from eight plants in real time
Khalid al-Falih said at the Future Investment Initiative that OPEC would continue to monitor the market.
Saudi Energy Minister Khalid al-Falih told Russia's TASS news agency that the kingdom has no intention of implementing an oil embargo
Wood Mackenzie estimates that the deal "could be worth in excess of $1.3bn..."
The facility’s integration with the existing crude oil supply network adds 3mn barrels per day to Saudi Aramco’s export capacity through the West Coast
EnerMech plans to double its business in the next five years
OMV says the collaboration would give them early access to new technology, and would enhance their position in certain areas.
The giant company sees the importance of strengthening its downstream offering, with recent and planned investments into the segment.
Intelligent Platforms had 2017 sales of $210mn and focuses on machine control, industrial computing, input/output and networking.
The Permian region, OPEC production, US sanctions on Iran and Venezuela all have roles to play in determining future oil prices.
The new pipeline is capable of transporting up to 350 thousand barrels per day of crude oil.