Aramco picks up Aker BP stake in Cognite
Saudi Aramco has bought a 7.4% stake in Norway’s Cognite, a software company.
Saudi Aramco
Saudi Aramco says oil demand’s nearing pre-pandemic levels
Saudi Aramco said demand for oil is nearing pre-Covid levels and reiterated that producers globally are investing too little in supply.
Heerema bags contract with McDermott for major Saudi Aramco project
Dutch firm Heerema Marine Contractors has sealed a contract with McDermott to transport and install six large jackets.
Valaris wins UK decom work with Centrica amid clutch of contracts
Valaris has announced a clutch of contract awards, including decommissioning work with Centrica in the UK.
Wood bags FEED contract with Saudi Aramco
Aberdeen-headquartered Wood has secured a multi-million dollar front-end engineering design (FEED) contract with Saudi Aramco.
World risks “ever more chaotic” transition, Aramco boss warns
The world is on course for a “deeply flawed” and “ever more chaotic energy transition”, Saudi Aramco CEO Amin Nasser has said, in comments at the World Petroleum Congress.
Aramco dishes out offshore work to McDermott, Worley
Saudi Aramco has awarded three contracts to McDermott offshore in the Arabian Gulf, shortly after handing Worley offshore work.
Macron oversees slew of French deals on visit to Middle East
French President Emmanuel Macron has overseen a number of commercial deals during his visit to the Middle East.
Saipem, Hyundai celebrate Jafurah work
Saipem and Hyundai have announced contract wins on the Jafurah development, in Saudi Arabia.
Aramco dishes out $10bn of contracts on Jafurah
Saudi Aramco has handed out contracts to a number of service companies to develop Jafurah, the largest non-associated gas field in Saudi Arabia.
Air Products, ACWA Power reach close on $12bn Jazan project
ACWA Power has secured financial close on its $12 billion Jazan project, which will supply Saudi Aramco’s refinery under a 25-year deal.
Worley lands Ras Tanura refinery upgrade project with Saudi Aramco
Engineering services giant Worley (ASX: WOR) has landed a refinery upgrade contract with Saudi Aramco.
Aramco aims for 13mn bpd by 2027
Saudi Arabia will push ahead with plans to increase oil production capacity to 13 million barrels per day by 2027.
Saipem teams up with Aramco for new national champion
Saipem has signed a memorandum of understanding (MoU) with Saudi Aramco, paving the way for a new national champion.
Aramco in advanced talks on $25bn Reliance deal
Saudi Aramco is in advanced talks for an all-stock deal to acquire a stake in Reliance Industries Ltd.’s oil refining and chemicals business, people with knowledge of the matter said.
Saudi Aramco follows Big Oil rivals with surge in profits
Saudi Aramco followed its Big Oil competitors with bumper earnings, boosted by a recovery in oil and chemical prices.
The Saudi prince of oil prices vows to drill ‘every last molecule’
Prince Abdulaziz bin Salman is the most powerful man in petroleum. The Saudi oil minister navigates unruly OPEC+ nations, huge swings in prices — and the end of fossil fuels.
Lamprell under ‘severe pressure’ as key Saudi projects beckon
Lamprell has said it faces “severe pressure” as key projects in Saudi Arabia ramp up.
Aramco closes $12.4bn pipeline sale
Saudi Aramco has closed the $12.4 billion sale of a 49% stake in its pipelines unit, to a group led by EIG.
Aramco to sell $6bn of dollar-denominated Islamic bonds
Saudi Aramco, the world’s biggest energy company, is selling $6 billion of bonds in its first dollar-denominated Islamic bond sale.
Saudis increase oil prices for Asia customers as market tightens
Saudi Arabia increased oil prices for customers in its main market of Asia by more than expected after crude surged above $70 a barrel and OPEC forecast that global demand would heavily outstrip supply over the rest of the year.
ESG finance poses risks but offers plenty of sustainable opportunities
Everyone you talk to agrees environmental, social, and governance (ESG) is critical to finance. Where people differ, though, is how best to achieve the goals this timely initialism sets out to capture.
Aramco said to ‘review’ upstream assets for potential stake sales
Saudi Aramco is conducting a strategic review of its upstream business, in a move that could potentially see the state-owned firm bring in external investors to some of its oil and gas assets, people with knowledge of the matter said.
Welltec signs long-term deal with Aramco
Saudi Aramco has signed a long-form contract with Welltec for completion products and services.
Apollo said to lead buyout group for $10bn Aramco deal
Apollo Global Management is leading a group of investors aiming to buy a roughly $10 billion (£7.2bn) stake in Saudi Aramco’s oil pipelines, people familiar with the matter said.