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NEWS |
Saudi oil giant Aramco strikes deal to buy US natural gas from Sempra Energy
Saudi Aramco has signed an agreement to buy U.S. liquefied natural gas from San Diego-based utility Sempra Energy, advancing the state-owned oil giant’s goal of becoming a player in the growing intern (...)
NEWS |
Saudi Aramco secures $1.25 billion deal for stake in South Korean refiner
Saudi Aramco has reached an agreement to purchase a 17 per cent stake in South Korea’s oil firm Hyundai Oilbank for around $1.25 billion (Dh4.59 billion) to boost its presence in the refining sector.
NEWS |
Saudi Aramco lifts the lid
Thee national oil company of Saudi Arabia and largest oil company in the world, Saudi Aramco produces around 13 percent of the world’s oil, but its business operations have been notoriously opaque for (...)
NEWS |
Saudi Aramco Is World's Most Profitable Company; Worth $2 Trillion in Valuation?
Saudi Aramco, the national petroleum and natural gas company owned by the government of Saudi Arabia, remained the world’s most profitable company in 2018, posting a net income of $111 billion.
NEWS |
Saudi Aramco to buy 70% stake in petrochemical giant SABIC for $69bn
Saudi Aramco has agreed to acquire 70% stake in petrochemical giant Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund of Saudi Arabia for SAR259.12bn ($69.1bn).
NEWS |
Saudi Aramco IPO will take place within two years, Okaz reports
Saudi Aramco, the world’s biggest oil producing company, plans to sell a five per cent stake as originally planned, within the next two years, Saudi Arabia's Okaz newspaper reported, citing the countr (...)
NEWS |
McDermott awarded substantial offshore EPCI contract from Saudi Aramco
McDermott International, Inc. has announced a substantial contract award from Saudi Aramco for engineering, procurement, construction and installation (EPCI) services in the Marjan field, offshore Sau (...)
NEWS |
Halliburton to bring US shale boom to MENA
Halliburton looks to replicate the shale push in the US to other plays across the world, including the Middle East.
NEWS |
Saipem bags $1.3bn EPIC contracts for Berri and Marjan fields
Italy-based Saipem has bagged two engineering, procurement, installation, construction (EPIC) contracts from Saudi Aramco worth around $1.3bn related to the Berri and Marjan offshore fields in Saudi A (...)
NEWS |
UAE oil rig builder Lamprell forecasts $71m net loss in 2018
UAE-based engineering and contracting services provider Lamprell slid into the red last year, citing margin pressures behind a forecasted $71m (AED261m) net loss for 2018.
NEWS |
Saipem has been awarded two new offshore contracts from Saudi Aramco for $1.3 billion
Saipem has been awarded two EPIC contracts assigned by the client Saudi Aramco for a total amount of approximately $1.3 billion as part of the Long Term Agreement for offshore activities in Saudi Arab (...)
NEWS |
Rowan Announces Contract with ConocoPhillips for the Rowan Norway
Rowan Companies plc announced today that the Rowan Norway, an N-Class ultra-harsh environment jack-up rig, has been awarded a contract in Norway by ConocoPhillips Skandinavia AS for an estimated durat (...)
NEWS |
HVPD Brings In The New Year With Middle East Expansion
Electrical network monitoring specialists, High Voltage Partial Discharge (HVPD), has placed its first roots in the Middle East with the relocation of one of its senior business development figures an (...)
NEWS |
Noble jackup wins three contracts offshore Australia
Noble Corp. has issued an update on its offshore drilling rig fleet. In the Gulf of Mexico, W&T Offshore has contracted the drillship Noble Sam Croft. Drilling is expected to start in 1Q 2019 and end (...)
NEWS |
Baker Hughes wins oil wells contract from Saudi Aramco
Baker Hughes, a GE company, has been awarded a major stimulation and well-testing contract by Saudi Aramco to be a partner in optimising production from new and existing wells across conventional fiel (...)
NEWS |
Saipem servers suffer cyber attack in Middle East
Italian oil services company Saipem (SPMI.MI) said it had identified a cyber attack out of India on Monday that had primarily affected its servers in the Middle East.
NEWS |
Baker Hughes wins Saudi Aramco deal
Baker Hughes has won a stimulation and well testing contract from Saudi Aramco lasting three years, the US oilfield services major said on Tuesday.
NEWS |
ADIPEC 2018: Overview
The Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC)—one of the world’s leading oil and gas events—took place between 12th and 15th of November, welcoming the industry’s top execut (...)
NEWS |
Innovation and Excellence Celebrated at the 2018 ADIPEC Awards
Innovations from Saudi Aramco, BP Oman and NET Power have been named winners in this year’s ADIPEC Awards, while Mubadala Petroleum has been recognised for its social contribution, and a young Saudi A (...)
NEWS |
Saudi Aramco has over 70 projects under development
Saudi Aramco has more than 70 major projects under development, the state-oil giant said in its latest weekly magazine.
NEWS |
The Value of Digital Data Analytics - Mohammed Al-Ghazal, Operations Supervisor at Saudi Aramco.
A key part of Mohammed Al-Ghazal’s role is exploring opportunities for data analytics in the Oil and Gas sector. At a time when digitalisation continues to transform the face of the industry, it is im (...)
NEWS |
Ensco, Rowan to merge in $12bn enterprise value deal
Offshore driller Ensco and Rowan Companies, a leader in drilling services and a 50/50 partner in a joint venture with Saudi Aramco, have agreed to combine in an all-stock transaction taking the enterp (...)
NEWS |
Saudi Aramco to spend over $133 bln on drilling
State oil giant Saudi Aramco will spend more than 500 billion riyals ($133 billion) on oil and gas drilling over the next decade, a senior company executive said on Monday.
NEWS |
China Harbour picks up construction for two drilling islands for $6bn Berri Oilfield
China Harbour Engineering Arabia has bagged a construction contract from Saudi Aramco for two drilling islands for the latter’s SAR22.5bn ($6bn) worth Berri Increment Program (BIP).
NEWS |
Upstream industry told to “rise to the challenge” at inaugural digital event ENGenious 2018
Delegates at a new global symposium and exhibition were told that they must “rise to the challenge” of driving radical digital and technological transformation across the upstream oil and gas industry (...)
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