Aramco bulks up on gas, closes Polish deals
Saudi Aramco has discovered two new unconventional gas fields in the country’s hydrocarbon-rich east.
Saudi Aramco
Conoco sweeps in to Sempra’s Port Arthur, replacing Aramco
Sempra Infrastructure and ConocoPhillips have struck a 5 million tonne per year LNG supply contract, from the planned Port Arthur project in Texas.
Weatherford’s integrated option draws in Saudi, Omani work
Weatherford has signed drilling contracts with Saudi Aramco and Petroleum Development Oman (PDO), for three years and five years respectively.
Saudi Aramco pushes ahead with IPO of oil-trading unit
Saudi Aramco is pushing ahead with plans for an initial public offering of its energy-trading business, which would rank as one of the largest share sales this year, according to people familiar with the matter.
Valaris adds $95m to backlog after securing deals with TotalEnergies, Aramco, BP
Offshore drilling contractor Valaris (NYSE: VAL) has announced a handful of new deals and extensions.
Shell, Aramco heads warn of gas, oil supply squeeze
The lack of fungibility of the gas market is set to pose a major challenge for Europe in the near term, the heads of Saudi Aramco and Shell agreed today.
Saudi oil driller’s IPO covered within hours in bearish market
Arabian Drilling Co., a Saudi Arabian oilfield-services company partly owned by Schlumberger NV, took only hours to garner enough investor orders to fully cover an initial public offering that could raise as much as 2.67 billion riyals ($710 million).
Oil giant Saudi Aramco breaks records with whopping profits of $48.4 billion
Saudi Aramco (Taduwul: SAR) posted the biggest quarterly adjusted profits of any listed company globally driven by high crude prices and production.
Worley takes Aramco shale gas award
Saudi Aramco has awarded Worley a contract covering project management services for the development of unconventional gas.
Lamprell posts for sale sign amid severe liquidity issues
Lamprell (LON:LAM) faces “urgent and severe liquidity constraints”, the company has admitted, with an immediate need for $75 million, due in June and July this year.
Shelf Drilling wins Aramco extension to 2025
Saudi Aramco has extended its contract with Shelf Drilling for a jack-up rig in the Arabian Gulf.
Citigroup among banks leading Aramco refinery unit’s IPO
Citigroup is among the banks leading the planned initial public offering of Saudi Aramco Base Oil, a unit of the state-controlled oil producer, according to people familiar with the matter.
JGC takes Zuluf work in Saudi
JGC has won work from Saudi Aramco for the Zuluf central processing facilities.
Aramco posts barnstorming quarter
Saudi Aramco has posted its strongest quarterly results since going public, with net income of $39.5 billion and free cash flow of $30.6bn.
First tenders floated for Saudi’s $5bn oil rig theme park: report
The first tenders have reportedly been launched for a huge offshore oil rig theme park mooted by Saudi Arabia, with potentially more than $5 billion of work up for grabs.
KBR wins seven-year deal for Satorp maintenance
KBR has won a seven-year contract to provide general maintenance services (GMS) to the Satorp complex in Saudi Arabia.
Iraq eyes decision in May on Halliburton gas deal
Iraq may reactivate a deal with Halliburton to drill wells in a western gas field in Akkas next month, Oil Minister Ihsan Abdul Jabbar told local media.
Valaris wins $180m in contracts and extensions
Drilling rig operator Valaris has secured a series of new contracts and contract extensions worth some $181 million in backlog.
Yemen rebels announce temporary halt after strike on Saudi Aramco facilities
Yemen’s Houthi rebel leader on Saturday announced a three-day halt to hostilities after an escalation of missile, drone and ground attacks on Saudi Arabia over the past week, the rebel-run Al-Masirah TV reported.
Saudi Aramco fuel depot hit as drone attacks escalate
An oil storage facility in Saudi Arabia was hit in a barrage of drone attacks on the kingdom on Friday, the latest flare-up in one of the world’s most important regions for oil shipments.
Saudi Aramco hikes spending to boost output
Saudi Aramco will increase spending and issue bonus shares as oil’s surge to more than $100 a barrel bolsters the company’s plan to boost production.
Aramco restarts major refinery plan in China
Saudi Aramco has taken a final investment decision (FID) on a major refinery and petrochemical project in China.
Aramco closes $15.5 billion BlackRock-led gas pipeline deal
Saudi Aramco closed a deal to sell a stake in its natural-gas pipelines for $15.5 billion and entered into a pact with BlackRock Inc. to explore low carbon energy projects.
Banks still pumping billions into oil and gas despite net zero pledges
Europe’s biggest banks are still pumping billions into the oil and gas sector despite signing up to a landmark net zero initiative.
Lamprell bidding pipeline climbs to $7.9 billion as renewables boom
Lamprell has indicated a “significant step up” in its bidding pipeline as global opportunities in renewables continues to rise.