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NEWS |
World’s Largest Oil Company Saudi Aramco Negates Bitcoin Mining Rumors
The World’s second-largest oil trading company, Saudi Aramco has denied rumors that were circulating on media websites in the weekend indicating that the company was planning to start mining Bitcoin.
NEWS |
Saudi Aramco extends Shelf Drilling jackup contract for ten years
Dubai-headquartered offshore driller Shelf Drilling has secured a 10-year contract extension with Saudi Aramco for the 1983-built jackup rig High Island IX.
NEWS |
Welltec signs long-form contract with Aramco
Welltec, a global technology company, has signed a long-form contract (LFC) with Saudi Aramco, in an agreement which will see Welltec deliver completion products and services across the Saudi Aramco p (...)
NEWS |
Saudi Aramco in $12.4 billion oil pipeline deal with EIG-led group
Aramco has signed a deal with a consortium led by EIG Global Energy Partners (EIG), one of the world’s leading energy infrastructure investors, to optimise its assets through a lease-and-lease-back ag (...)
NEWS |
Aramco to sell 49% stake in crude pipelines unit to EIG-led consortium for $12.4bn
Saudi Aramco has agreed to divest a stake of 49% in newly-formed entity Aramco Oil Pipelines for about $12.4bn to a consortium led by EIG Global Energy Partners.
NEWS |
Apollo is said to lead buyout group for US$10 billion Aramco deal
Apollo Global Management Inc. is leading a group of investors aiming to buy a roughly US$10 billion stake in Saudi Aramco’s oil pipelines, people familiar with the matter said.
NEWS |
Oil giant Saudi Aramco 2020 profits slump on lower crude prices
Energy giant Saudi Aramco on Sunday posted a 44.4 percent slump in 2020 net profit due to lower crude prices, as the coronavirus pandemic weighed heavily on global demand.
NEWS |
Chevron, Saudi Aramco CEOs bullish on natural gas in low-carbon future
The chief executives of Chevron and Saudi Aramco said they see a big role for natural gas even as the world shifts away from fossil fuels to renewable energy.
NEWS |
Aramco may have to sell assets, borrow more to maintain Saudi dividend
Oil giant Aramco, whose dividend remains vital to helping Saudi Arabia contain a huge deficit, may have to sell assets and borrow more to fulfil its fiscal role amid uncertainty in oil prices, market (...)
NEWS |
Saudi Aramco awards long-term agreements to 8 firms for oil and gas brownfield projects
Oil giant Saudi Aramco announced today, Nov. 18, a new contracting strategy for its oil and gas brownfield and plant upgrade projects.
NEWS |
Shelf Drilling gets another jack-up suspension from Saudi Aramco
Offshore drilling contractor Shelf Drilling has received a suspension notice for one of its jack-up drilling rigs.
NEWS |
The world's richest oil company is rethinking its global ambitions
The coronavirus pandemic is upending the energy industry and pushing its top players to make big changes. That includes Saudi Aramco, the world's largest and most profitable oil producer.
NEWS |
Saudi Aramco discovers two oil and gas fields
Saudi Aramco has discovered two new oil and gas fields in the north of the Kingdom, the energy minister announced on Sunday.
NEWS |
Saudi Aramco appoints new chief for $500m investment division
Saudi Aramco appointed a new CEO to run its $500 million venture capital and investments arm. Mahdi Aladel, who formerly led the state energy producer's base oils and lubricants division, will take ov (...)
NEWS |
Saudi Aramco's profit plunges, sees signs of oil market recovery
Saudi state oil group Aramco’s profit plunged 73% in the second quarter of the year, as a slump in energy demand and prices due to the coronavirus crisis hit sales at the world’s biggest oil exporter.
NEWS |
Apple Becomes World’s Most Valuable Company, Outstrips Saudi Aramco
On Thursday, Apple released its results for its fiscal 2020 third quarter, announcing that the company’s revenue increased by 11% over the year despite the negative economic impact of the coronavirus (...)
NEWS |
Exxon Loses World No 2 Energy Firm Title
Reliance Industries Ltd. toppled Exxon Mobil Corp. to become the world’s largest energy company after Saudi Aramco, as investors piled into the conglomerate lured by the Indian firm’s digital and reta (...)
NEWS |
Aramco completes its acquisition of a 70% stake in SABIC from the Public Investment Fund (PIF)
Aramco today announced the successful completion of its share acquisition of a 70% stake in Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund (PIF), the sovereign wealth fund (...)
NEWS |
Spain's Repsol to develop hydrogen-fed synthetic fuel plant at Bilbao
Spanish integrated energy company Repsol said June 15 it will build a 10-MW, green-hydrogen plant which it will use to produce synthetic fuels in collaboration with Saudi Aramco at its Bilbao refinery (...)
NEWS |
Saudi Aramco suspends Shelf Drilling jack-up rig contract
Drilling contractor Shelf Drilling has received a suspension notice from client Saudi Aramco for its jack-up ‘High Island IV’, which is currently operational offshore Saudi Arabia.
NEWS |
A brave new digital world
Rebecca Wallace, Saudi Aramco, explores the digital technologies the company are deploying in the pursuit of sustainability, efficiency and safety.
NEWS |
Oil Jumps 10% As Saudis Raise Prices For First Time Since Price War
After slumping much of yesterday, Brent soared on Thursday morning, after Saudi Arabia stepped in to prop up the recovery in the energy market by raising crude prices for its customers worldwide.
NEWS |
Saudi Aramco said to start output cuts ahead of OPEC+ target
Saudi Aramco started reducing production earlier this week ahead of the May 1 deadline when new OPEC+ output targets kick in, according to a Saudi industry official familiar with the matter.
NEWS |
Saudi Aramco appoints Mark Weinberger to board of directors
Saudi Aramco has appointed Mark Weinberger to its board of directors as an independent board member, replacing Andrew Gould, the company said in a statement on Sunday.
NEWS |
Aramco to win unconditional EU clearance for $69 bln SABIC deal
The world’s largest oil producer, Saudi Aramco, is set to gain unconditional EU antitrust approval for its $69 billion buy of a 70% stake in petrochemicals group Saudi Basic Industries Corp (SABIC), p (...)
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