Saudi Aramco Q3 profit falls 23% on lower crude oil prices, volumes
Saudi oil giant Aramco on Tuesday reported a 23 per cent fall in third-quarter net profit, marginally beating analyst estimates, on lower crude oil prices and volumes sold. Net profit […]
Aramco & ENOWA to establish synthetic e-fuel demonstration facility
Saudi Aramco, a global integrated energy and chemicals company, and ENOWA, NEOM’s energy and water company, have signed a joint development agreement to construct and establish a first-of-its-kind synthetic electro-fuel […]
Saudi wealth fund takes $15.6bn hit from SoftBank and tech
Saudi Arabia’s sovereign wealth fund reported a $15.6bn comprehensive loss for 2022 after the value of its investments in SoftBank Vision Fund plunged and other tech ventures were hit by […]
Saudi Aramco awards oil field drilling contracts to US-based SLB
Saudi Arabia’s energy giant, Aramco has awarded a contract to the US-based global oilfield services company SLB, to provide directional drilling services for some of the world’s largest oil and […]
Saudi Aramco completes purchase of Rongsheng Petrochemical stake
Saudi Aramco, one of the world’s leading integrated energy and chemicals companies, has successfully closed a landmark transaction to acquire a 10 percent interest in Rongsheng Petrochemical for $3.4 billion, […]
OQ Technology strikes new MoU with Saudi Aramco to strengthen ties
OQ Technology, the world’s first satellite 5G IoT operator, has signed a memorandum of understanding (MoU) with Saudi Aramco in order to further strengthen their existing collaboration and expand Satellite […]
Aramco aims to become Asia’s “one-stop source” for energy, chemicals demand – CEO
Saudi Arabia’s Aramco is ramping up its commitment to cater to Asia’s demand for energy and chemicals, according to President & CEO Amin H. Nasser. He has called for Asian […]
Aramco CEO says blue hydrogen cost equivalent of $250 a barrel of oil
Blue hydrogen could cost the equivalent of around $250 a barrel of oil given the existing technology, according to Aramco’s President & CEO Amin Nasser. “It is very difficult to […]
Saudi Aramco to supply full oil volumes to some Asian refiners in June – sources
Saudi Aramco has told at least five customers in North Asia they will receive full nominated volumes of crude oil in June, several sources with knowledge of the matter said […]
PROJECT UPDATES: Saudi Aramco shares update on gas, downstream projects
State oil giant Saudi Aramco released an update on its gas and downstream developments in the first quarter 2023 results report. Upstream Hawiyah Gas Plant expansion, part of the Haradh […]
