No one was injured in the gas leak accident, said state news agency KUNA.
Saudi Aramco has been pumping around 10 million barrels per day for most of this year.
The Kingdom increased the selling prices for November to Asian buyers in line with widening product cracks.
Emirates Aluminium reportedly picked Goldman Sachs, Citigroup and Abu Dhabi Commercial Bank for the potential bond.
Aramco says gas flow at new Red Sea site is 10 million cubic feet a day and more wells could be drilled.
Brent crude has fallen from a high for the year of $128 a barrel in March to $112.
A consortium led by Saudi International Company for Water and Power (ACWA) won the major contract.
The country’s OPEC Governor Ali al-Yabhouni said that the UAE will work towards maintaining oil market stability.
The UAE-based contracting services company shares deal to construct pipelines in southeast Iraq with Italy’s SICIM.
Canadian firms have been green lit to provide nuclear energy and materials to the Gulf country as it builds four new reactors.
The Saudi-based oil giant will see its domestic output increase to 3.5 million bpd when new refineries come online.
Prices dropped amid signs that Saudi Arabia is pumping at high rates to dampen prices.
Crescent Petroleum says it is confident that Sharjah-based Dana will find a resolution for its Islamic bond maturing in October.
Price for brent crude nears $117 as analysts warn regional protests will send risk premiums higher.
Saudi Arabia’s Oil Minister Ali al-Naimi said earlier this month that the Kingdom was prepared to meet any additional demand for oil.
Following the Fukushima disaster last year, how can the country learn from those mistakes and ensure it gets its $20 billion project right?
The green energy firm is proactively seeking partnerships in the Kingdom, according to its chief executive.
Brent crude oil prices have largely traded in a range of $112-117 a barrel since mid August.
Combined oil output from Saudi Arabia, Kuwait and the UAE rose sharply in August.
As oil prices rise, Western economies face dire days ahead, says Reuters’ John Kemp.
The Shuweihat 2 plant project may launch a bond as part of a $2.2 billion refinancing plan.
The company confirmed that operational systems both onsite and offshore are secure and that production is not affected.
The Kingdom’s own oil company responds to worsening revenue in the Gulf with new stations.
Finance ministers of the G7 nations said that the West was ready to tap oil reserves to offset rising prices.
The country plans to increase crude oil production capacity to 3 million barrels per day over the next few months.
A virus infected about 30,000 of the oil producer’s workstations in mid-August, forcing the company to cut off external communications.
Global oil inventories in countries other than Iran fell about 1.2 million barrels per day in July and August.
New ratio demand leaves the commodity giant at a loss as potential mining deal looks close to collapse.
Investors are optimistic that the European Central Bank will take action to ease Spanish and Italian borrowing costs.
Despite fears of a China slowdown, long term urbanisation will spell growth, says Chris Tedder, research analyst at FOREX.com