• 4 minutes Energy Armageddon
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 10 minutes Russia Says Europe Will Struggle To Replace Its Oil Products
  • 53 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 2 hours Reality catching up with EV forecasts
  • 4 days "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 4 days A Somewhat Realistic View of the Near Future for Electric Vehicles Worldwide
  • 10 days The Federal Reserve and Money...Aspects which are not widely known
  • 14 days US Oil Independence is a myth and will always be a myth
  • 15 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 17 days "Biden Is Running U.S. Energy Security Into The Ground" by Irina Slav
A Long-Term Play On Diversity In Renewable Energy

A Long-Term Play On Diversity In Renewable Energy

The trick for long-term investors…

The ExxonMobil Papers

The ExxonMobil Papers

Two weeks ago, the prestigious…

Zainab Calcuttawala

Zainab Calcuttawala

Zainab Calcuttawala is an American journalist based in Morocco. She completed her undergraduate coursework at the University of Texas at Austin (Hook’em) and reports on…

More Info

Aramco’s Oil Facilities Set For Offshore Security Upgrade

Saudi Arabia’s offshore oil facilities are due for a security upgrade, according to a new report by Reuters.

State-owned oil and gas giant Saudi Aramco has already received bids from defense contractors from around the world for the project. U.S.-based Raytheon Co. and Germany’s Rheinmetall AG are amongst the companies who responded to the tender.

The contract currently open for bids will install long-range security systems at nine of the KSA’s offshore sites in the Persian Gulf, according to Aramco sources who spoke to Reuters. Those tenders are expected to expand once senior officials approve new oil fields and associated security protocols.

ADVERTISEMENT

Aramco denied comment on the new security measures, but issued a statement that said it “considers the security of its employees and facilities a top priority and are of the utmost importance.”

Last month, Saudi Arabia, the world’s top crude oil exporter, said it had detained three Iranians who it accused of being members of the Shiite country’s Revolutionary Guard Corps. Saudi authorities caught them near the Marjan oilfield, traveling on a boat. Iran maintains those men were fishermen.

ADVERTISEMENT

In April, Saudi armed forces reported a foiled attempt to blow up an oil product distribution center in Jazan, a province bordering Yemen in the Kingdom’s southwest. The SPA said a remote-controlled vessel loaded with explosives was spotted leaving a small island in Yemeni waters. The KSA suspected the Houthi rebels of Yemen of perpetrating the attack and vowed to defend itself against assaults on its economy in the Red Sea.

Related: Ecuador’s Defection From The OPEC Deal Doesn’t Matter

Saudi Arabia’s oil and gas operations have been hit by cyberattacks in recent years as well. In 2012, an attack on Aramco caused the corporation to lose all files on its main hard drives.

The OPEC leader is currently embroiled in several geopolitical conflicts within its own region. The KSA has been fighting a proxy war against Iran inside Yemen for over a year now. Starting in June, Riyadh and its Gulf allies declared a diplomatic row with Doha for the latter’s alleged ties to organizations that breed sectarian violence.

By Zainab Calcuttawala for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

ADVERTISEMENT


ADVERTISEMENT


Leave a comment
  • Wyoming Wolf on July 25 2017 said:
    This all works with the Saudi vision for the year 2030. The modernization of Saudi Arabia’s state security agencies is key to the country’s development. It is one strategic move among many taken by Saudi to transform to that goal.
    The purpose of this new authority is clear. Saudi Arabia has established the Presidency of the State Security to act as an independent body focusing on the security of the homeland and aimed at combating terrorism and espionage.
    Just like the minister mentioned- these orders comply with the modernization and development of the service and administrative product of the state according to the vision. It will gather Saudi even more flexibility.
    It sure is crucial to understand that is an independent body- according to one of these decrees – making it one that is directly related to the prime minister to give it the power to focus on the security of the homeland,
    the citizens and residents both have to play a role- an active role- combating terrorism, espionage and intellectual penetration in all its forms and types. Awareness is on the rise. And this new authority will guide and pave the way.

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News