Tasnee made a net loss of SAR332.5 million ($88.7 million) in the first quarter of 2015.
The company reported a net profit of QAR951 million ($261.2 million) in the first quarter of 2015.
The grades found in the fields were both light and heavy oil, with preliminary results showing “huge commercial volumes”, KUNA said.
SABIC has previously said scarce gas supplies at home have forced it to look at investment opportunies abroad.
SABIC’s acting CEO Yousef Abdullah al-Benyan said the idea was still at an early stage.
SABIC CEO Benyan said the fall in oil and petrochemical product prices was “out of control”, but said his company was well placed to deliver returns.
The firm made SAR205.4 million in the first quarter of 2015, it said in a bourse statement.
SABIC made a net profit of SAR3.93 billion in the first quarter, down from SAR6.44 billion in the year-earlier period.
A proposal to reintroduce quotas would spark a fierce debate in OPEC as national prestige and market share are at stake.
The cargo would be for May delivery, traders said.
The cargoes were sold at 37-40 cents a barrel below Dubai quotes via a tender, averaging at a discount of 39 cents a barrel.
The Egyptian government had said state-owned EGPC will buy 65 per cent of its oil product import needs from ADNOC in 2015.
Brent crude touched a 2015 high of above $63 per barrel on Thursday.
Saudi Aramco and India’s Reliance Industries have not yet concluded a term contract to import diesel and gasoline.
Saudi Kayan made a net loss of SAR591.6 million ($157.8 million) in the first quarter of 2015.
Kuwait Petroleum Corp said at the start of military operations in Yemen led by Saudi Arabia that it had raised security around its oil facilities.
Wasit will be one of the largest gas plants not linked to oil wells ever built by Saudi Aramco.
The unit’s operational rates were still high and oil product exports will not be affected, an official said.
Naimi met the representatives and exchanged views about recent oil market developments as well as ways to develop oil cooperation.
Water and power use in Saudi Arabia are growing about eight per cent annually, putting a pressure on the government.
Lukoil was the last company left active in the consortia of international oil firms Saudi Arabia invited in 2003-2004 to search for gas.
The firm made a net profit of 285.1 million riyals ($76 million) in the first quarter of 2015.
State-controlled Petroleum Development Oman plans to invest over $40 billion in its projects by 2019.
The Saudi cabinet also affirmed that the Kingdom is not in competition with shale or other high-cost oil supplies.
The French oil company failed to make commercially attractive discoveries in the block.
The firm made a profit of 355.7 million riyals in the first quarter of 2015, a statement said.
The company said that one of its subsidiaries will release a contracted rig in May due to the oil price fall.
For the past two months, the Kingdom had informed some customers that they would receive full contracted volumes, only to trim supply later.
There may not be a big growth in Iranian oil production immediately as Tehran’s huge fields have not been maintained well due to the sanctions, an official said.
Iran gas exports to Kuwait could be operational if a contract is signed, a senior official said.